IL SB2605

Amends Section 21-95 of the Property Tax Code to include forest preserve districts and conservation districts alongside county, municipality, school district, and park district entities.

Expands eligibility for tax abatement when governmental units acquire property through foreclosure, judicial deed, receivership certificate lien, deed in lieu of foreclosure, or the Abandoned Housing Rehabilitation Act.

Extends tax abatement eligibility to cases where governmental units acquire property intended for transfer under annexation agreements, development agreements, donation agreements, plat of subdivision, or zoning ordinance from dissolved, dissolving, or bankrupt entities.

Voids all due or unpaid property taxes and existing liens for unpaid property taxes when property is acquired by eligible governmental units under the specified circumstances.