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91_HB1334
LRB9100919PTpk
1 AN ACT to amend the Property Tax Code by changing Section
2 21-95.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Section 21-95 as follows:
7 (35 ILCS 200/21-95)
8 Sec. 21-95. Tax abatement after acquisition by a
9 governmental unit. When any county or municipality acquires
10 property through the foreclosure of a lien, authorized under
11 Section 11-31-1 of the Illinois Municipal Code or through a
12 judicial deed issued under that Section, through the or
13 foreclosure of receivership certificate lien, or by
14 acceptance of a deed of conveyance in lieu of foreclosing any
15 receivership certificate lien or other lien against the
16 property, or when a government unit acquires property under
17 the Abandoned Housing Rehabilitation Act, or when any county
18 or other taxing district acquires a deed for property under
19 Section 21-90 or Sections 21-145 and 21-260, all due or
20 unpaid property taxes and existing liens for unpaid property
21 taxes imposed or pending under any law or ordinance of this
22 State or any of its political subdivisions shall become null
23 and void.
24 (Source: P.A. 86-949; 86-1158; 88-455.)