(35 ILCS 200/18-175)
Sec. 18-175. Leasehold abatement. The county clerk may abate property taxes levied by one or more taxing districts under this Code on any leasehold interest in a property leased from the Department of Natural Resources on which is situated a restaurant and overnight lodging facility that was constructed using at least 50% private, non-State funding and that first opened for business after January 1, 1992.
(Source: P.A. 88-455; 89-445, eff. 2-7-96.)
Sections: Previous 18-150 18-155 18-157 18-160 18-165 18-170 18-173 18-175 18-177 18-178 18-180 18-181 18-183 18-184 18-184.5 Next
Last modified: February 18, 2015