HB5447 96TH GENERAL ASSEMBLY

LRB096 19626 HLH 35022 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5447

Introduced 2/5/2010, by Rep. Al Riley

SYNOPSIS AS INTRODUCED:

35 ILCS 200/21-95

Amends the Property Tax Code. Provides that when a county, municipality, or government unit acquires property through foreclosure of a lien or by other means and a lien for unpaid property taxes becomes null and void against the acquired property, then the tax lien attaches to and becomes valid and enforceable against all other real property in the county owned by any person who was an owner of the acquired property immediately prior to its acquisition by the county, municipality, or government unit.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

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; liens attach to other property. When any county or municipality 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, 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 against the acquired property, but all such liens for unpaid property taxes shall attach to and become valid and enforceable liens against all other real property in the county owned by any person who was an owner of the acquired property immediately prior to its acquisition by the county, municipality, or government unit.

(Source: P.A. 91-305, eff. 1-1-00.)