Full Text of SB1493 100th General Assembly
SB1493 100TH GENERAL ASSEMBLY |
| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018 SB1493 Introduced 2/9/2017, by Sen. Emil Jones, III SYNOPSIS AS INTRODUCED: |
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Amends the Property Tax Code. Provides that a Section of the Code that provides for an abatement of unpaid taxes and existing liens for certain property that is acquired by a unit of local government also applies to forest preserve districts (now, counties, municipalities, school districts, and park districts only).
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| | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | | SB1493 | | LRB100 08448 HLH 18566 b |
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| 1 | | AN ACT concerning revenue.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Property Tax Code is amended by changing | 5 | | Section 21-95 as follows: | 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, forest preserve district, or park district acquires | 10 | | property through the foreclosure of a
lien, through
a
judicial | 11 | | deed, through the
foreclosure of receivership
certificate | 12 | | lien, or by acceptance of a deed of conveyance in lieu of
| 13 | | foreclosing any lien against the
property, or when a government | 14 | | unit acquires property under the Abandoned
Housing | 15 | | Rehabilitation Act, or when any county or other taxing district
| 16 | | acquires a deed for property under Section 21-90 or Sections | 17 | | 21-145 and 21-260,
or when any county, municipality, school | 18 | | district, forest preserve district, or park district acquires | 19 | | title to property that was to be transferred to that county, | 20 | | municipality, school district, forest preserve district, or | 21 | | park district under the terms of an annexation agreement, | 22 | | development agreement, donation agreement, plat of | 23 | | subdivision, or zoning ordinance by an entity that has been |
| | | SB1493 | - 2 - | LRB100 08448 HLH 18566 b |
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| 1 | | dissolved or is being dissolved or has been in bankruptcy | 2 | | proceedings or is in bankruptcy proceedings, all due or unpaid | 3 | | property taxes and existing liens for unpaid property taxes
| 4 | | imposed or pending under any law or ordinance of this State or | 5 | | any of its
political subdivisions shall become null and void. | 6 | | (Source: P.A. 96-1142, eff. 7-21-10.)
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