Illinois General Assembly - Bill Status for HB0002

Amends the Property Tax Code. Provides that if a county or municipality acquires certain property on which taxes are delinquent, the county or municipality may petition the circuit court to determine (i) that waste was committed or suffered on the property on or after the date the taxes on the property first became delinquent and (ii) the extent to which the waste diminished the fair market value of the property. Holds each person whose acts or omissions caused the waste jointly and severally liable for (i) the entire amount of the delinquency and (ii) damages based on the amount of the diminishment. Imposes criminal penalties for intentional waste of the property. Effective immediately.

Deletes everything after the enacting clause. Amends the Property Tax Code. Provides that if a county or municipality acquires an interest certain property, the county or municipality may petition the circuit court to determine (i) that waste was committed or suffered on the property on or after the date that notice was received by the proper party but on or before the expiration of the period of redemption; and (ii) the extent to which the fair market value of the property has been diminished by the waste. Holds each person whose acts or omissions caused the waste jointly and severally liable for the entire amount of any delinquency and the amount of the diminishment. Authorizes a county or municipality to deliver notice of its acquisition of an interest in the property to the county clerk to be mailed to the proper party. Sets forth the information to be included in the notice. Provides that notice is deemed to be received by the proper party within 2 business days after it is mailed by the clerk. Requires the proper party to promptly post copies of the notice throughout the premises. Effective immediately.

Deletes everything after the enacting clause. Amends the Property Tax Code. Provides that if a county or municipality could acquire an interest certain property, the county or municipality may petition the circuit court to determine (i) that waste was committed or suffered on the property on or after the date that notice was received by the proper party but on or before the date the county or municipality acquires the property by deed; and (ii) the extent to which the fair market value of the property has been diminished by the waste. Holds each person whose acts or omissions caused the waste jointly and severally liable for the entire amount of the diminishment. Authorizes a county or municipality to deliver notice of its potential interest in the property to the county clerk to be mailed to the proper party. Sets forth the information to be included in the notice. Provides that notice is deemed to be received by the proper party within 3 business days after it is mailed by the clerk. Requires the proper party to promptly post copies of the notice throughout the premises and mail copies of the notice to all owners, occupants, and other interested. Provides that failure of the proper party to post and mail the notice shall be deemed suffering waste to be committed. Effective immediately.

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