Full Text of SB2605 99th General Assembly
SB2605eng 99TH GENERAL ASSEMBLY |
| | SB2605 Engrossed | | LRB099 19303 HLH 43695 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, conservation district, or | 10 | | park district acquires property through the foreclosure of a
| 11 | | lien, through
a
judicial deed, through the
foreclosure of | 12 | | receivership
certificate lien, or by acceptance of a deed of | 13 | | conveyance in lieu of
foreclosing any lien against the
| 14 | | property, or when a government unit acquires property under the | 15 | | Abandoned
Housing Rehabilitation Act, or when any county or | 16 | | other taxing district
acquires a deed for property under | 17 | | Section 21-90 or Sections 21-145 and 21-260,
or when any | 18 | | county, municipality, school district, forest preserve | 19 | | district, conservation district, or park district acquires | 20 | | title to property that was to be transferred to that county, | 21 | | municipality, school district, forest preserve district, | 22 | | conservation district, or park district under the terms of an | 23 | | annexation agreement, development agreement, donation |
| | | SB2605 Engrossed | - 2 - | LRB099 19303 HLH 43695 b |
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| 1 | | agreement, plat of subdivision, or zoning ordinance by an | 2 | | entity that has been dissolved or is being dissolved or has | 3 | | been in bankruptcy proceedings or is in bankruptcy proceedings, | 4 | | all due or unpaid property taxes and existing liens for unpaid | 5 | | property taxes
imposed or pending under any law or ordinance of | 6 | | this State or any of its
political subdivisions shall become | 7 | | null and void. | 8 | | (Source: P.A. 96-1142, eff. 7-21-10.)
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