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Public Act 100-0445


 

Public Act 0445 100TH GENERAL ASSEMBLY

  
  
  

 


 
Public Act 100-0445
 
SB1493 EnrolledLRB100 08448 HLH 18566 b

    AN ACT concerning revenue.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Property Tax Code is amended by changing
Section 21-95 as follows:
 
    (35 ILCS 200/21-95)
    Sec. 21-95. Tax abatement after acquisition by a
governmental unit. When any county, municipality, school
district, forest preserve district, or park district acquires
property through the foreclosure of a lien, through a judicial
deed, through the foreclosure of receivership certificate
lien, or by acceptance of a deed of conveyance in lieu of
foreclosing any lien against the property, or when a government
unit acquires property under the Abandoned Housing
Rehabilitation Act, or when any county or other taxing district
acquires a deed for property under Section 21-90 or Sections
21-145 and 21-260, or when any county, municipality, school
district, forest preserve district, or park district acquires
title to property that was to be transferred to that county,
municipality, school district, forest preserve district, or
park district under the terms of an annexation agreement,
development agreement, donation agreement, plat of
subdivision, or zoning ordinance by an entity that has been
dissolved or is being dissolved or has been in bankruptcy
proceedings or is in bankruptcy proceedings, all due or unpaid
property taxes and existing liens for unpaid property taxes
imposed or pending under any law or ordinance of this State or
any of its political subdivisions shall become null and void.
(Source: P.A. 96-1142, eff. 7-21-10.)

Effective Date: 1/1/2018