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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SB1795 Introduced 2/9/2017, by Sen. Steve Stadelman SYNOPSIS AS INTRODUCED:
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Amends the Property Tax Code. In a Section concerning tax abatements after acquisition by a governmental unit, provides that the abatement applies to property acquired by a governmental unit under a blight reduction or abandoned property program administered by the Illinois Housing Development Authority. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | SB1795 | | LRB100 05858 HLH 21599 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 21-95 as follows:
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| 6 | | (35 ILCS 200/21-95) |
| 7 | | Sec. 21-95. Tax abatement after acquisition by a |
| 8 | | governmental unit. When
any county, municipality, school |
| 9 | | district, or park district acquires property through the |
| 10 | | foreclosure of a
lien, through
a
judicial deed, through the
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| 11 | | foreclosure of receivership
certificate lien, or by acceptance |
| 12 | | of a deed of conveyance in lieu of
foreclosing any lien against |
| 13 | | the
property, or when a government unit acquires property under |
| 14 | | the Abandoned
Housing Rehabilitation Act or a blight reduction |
| 15 | | or abandoned property program administered by the Illinois |
| 16 | | Housing Development Authority, or when any county or other |
| 17 | | taxing district
acquires a deed for property under Section |
| 18 | | 21-90 or Sections 21-145 and 21-260,
or when any county, |
| 19 | | municipality, school district, or park district acquires title |
| 20 | | to property that was to be transferred to that county, |
| 21 | | municipality, school district, or park district under the terms |
| 22 | | of an annexation agreement, development agreement, donation |
| 23 | | agreement, plat of subdivision, or zoning ordinance by an |