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.)