SB1795 EngrossedLRB100 05858 HLH 21599 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, or park district acquires property through the 
10foreclosure of a
lien, through
a
judicial deed, through the

11foreclosure of receivership
certificate lien, or by acceptance 
12of a deed of conveyance in lieu of
foreclosing any lien against 
13the
property, or when a government unit acquires property under 
14the Abandoned
Housing Rehabilitation Act or a blight reduction 
15or abandoned property program administered by the Illinois 
16Housing Development Authority, or when any county or other 
17taxing district
acquires a deed for property under Section 
1821-90 or Sections 21-145 and 21-260,
or when any county, 
19municipality, school district, or park district acquires title 
20to property that was to be transferred to that county, 
21municipality, school district, or park district under the terms 
22of an annexation agreement, development agreement, donation 
23agreement, plat of subdivision, or zoning ordinance by an 
 
 
SB1795 Engrossed- 2 -LRB100 05858 HLH 21599 b

1entity that has been dissolved or is being dissolved or has 
2been in bankruptcy proceedings or is in bankruptcy proceedings, 
3all due or unpaid property taxes and existing liens for unpaid 
4property taxes
imposed or pending under any law or ordinance of 
5this State or any of its
political subdivisions shall become 
6null and void.
7(Source: P.A. 96-1142, eff. 7-21-10.)
 
 
8    Section 99. Effective date. This Act takes effect upon 
9becoming law.