SB2605 EngrossedLRB099 19303 HLH 43695 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 21-95 as follows:
 
6    (35 ILCS 200/21-95)
7    Sec. 21-95. Tax abatement after acquisition by a
8governmental unit. When any county, municipality, school
9district, forest preserve district, conservation district, or
10park district acquires property through the foreclosure of a
11lien, through a judicial deed, through the foreclosure of
12receivership certificate lien, or by acceptance of a deed of
13conveyance in lieu of foreclosing any lien against the
14property, or when a government unit acquires property under the
15Abandoned Housing Rehabilitation Act, or when any county or
16other taxing district acquires a deed for property under
17Section 21-90 or Sections 21-145 and 21-260, or when any
18county, municipality, school district, forest preserve
19district, conservation district, or park district acquires
20title to property that was to be transferred to that county,
21municipality, school district, forest preserve district,
22conservation district, or park district under the terms of an
23annexation agreement, development agreement, donation

 

 

SB2605 Engrossed- 2 -LRB099 19303 HLH 43695 b

1agreement, plat of subdivision, or zoning ordinance by an
2entity that has been dissolved or is being dissolved or has
3been in bankruptcy proceedings or is in bankruptcy proceedings,
4all due or unpaid property taxes and existing liens for unpaid
5property taxes imposed or pending under any law or ordinance of
6this State or any of its political subdivisions shall become
7null and void.
8(Source: P.A. 96-1142, eff. 7-21-10.)