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IL SB1795

Bill

Official Source

Status

Passed

8/24/2017

Primary Sponsor

Steve Stadelman

Click for details

Origin

Senate

100th General Assembly

AI Summary

  • Amends Section 21-95 of the Illinois Property Tax Code to expand tax abatement eligibility for governmental units acquiring property through foreclosure or deed conveyance
  • Adds properties acquired under blight reduction or abandoned property programs administered by the Illinois Housing Development Authority to the list of qualifying acquisitions for tax abatement
  • Voids all due, unpaid property taxes and existing tax liens on properties acquired by counties, municipalities, school districts, or park districts through the expanded qualifying methods
  • Takes effect upon becoming law

Legislative Description

PROP TX-BLIGHT REDUCTION

Last Action

Public Act . . . . . . . . . 100-0314

8/24/2017

Committee Referrals

Revenue & Finance5/24/2017
Property Tax5/16/2017
Revenue & Finance5/9/2017
Rules4/28/2017
Local Government2/28/2017
Assignments2/9/2017

Full Bill Text

No bill text available