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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB2605 Introduced 2/16/2016, by Sen. Emil Jones, III SYNOPSIS AS INTRODUCED:
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Amends the Property Tax Code. Provides that a Section of the Code that provides for an abatement of unpaid taxes and existing liens for certain property that is acquired by a unit of local government also applies to forest preserve districts (now, counties, municipalities, school districts, and park districts only).
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| | | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | SB2605 | | LRB099 19303 HLH 43695 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 21-95 as follows:
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| 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, or park district acquires |
| 10 | | property through the foreclosure of a
lien, through
a
judicial |
| 11 | | deed, through the
foreclosure of receivership
certificate |
| 12 | | lien, or by acceptance of a deed of conveyance in lieu of
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| 13 | | foreclosing any lien against the
property, or when a government |
| 14 | | unit acquires property under the Abandoned
Housing |
| 15 | | Rehabilitation Act, or when any county or other taxing district
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| 16 | | acquires a deed for property under Section 21-90 or Sections |
| 17 | | 21-145 and 21-260,
or when any county, municipality, school |
| 18 | | district, forest preserve district, or park district acquires |
| 19 | | title to property that was to be transferred to that county, |
| 20 | | municipality, school district, forest preserve district, or |
| 21 | | park district under the terms of an annexation agreement, |
| 22 | | development agreement, donation agreement, plat of |
| 23 | | subdivision, or zoning ordinance by an entity that has been |