Illinois § 15 Taxation of Neighborhood Redevelopment Corporations

Illinois Statutes

§ 15 — Taxation of Neighborhood Redevelopment Corporations

Illinois § 15

TopicHUMAN NEEDS

Ch. 315URBAN PROBLEMS

Act 315 ILCS 20/Neighborhood Redevelopment Corporation Law.

This text of Illinois § 15 (Taxation of Neighborhood Redevelopment Corporations) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

315 Ill. Comp. Stat. 15 (2026).

Text

Except as provided in Section 15-5, Neighborhood Redevelopment Corporations organized under this Act, notwithstanding their function in the Redevelopment of Slum and Blight or Conservation Areas, shall be subject to the same taxation, general and special, as to their assets, tangible and intangible, and as to their capital stock, as is imposed by law upon the assets and capital stock of private corporations for profit organized pursuant to the laws of this State.

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Except as provided in Section 15-5, Neighborhood Redevelopment Corporations organized under this Act, notwithstanding their function in the Redevelopment of Slum and Blight or Conservation Areas, shall be subject to the same taxation, general and special, as to their assets, tangible and intangible, and as to their capital stock, as is imposed by law upon the assets and capital stock of private corporations for profit organized pursuant to the laws of this State.

Legislative History

(Source: P.A. 93-1037, eff. 6-1-05 .)

Nearby Sections

2

§ 15

Taxation of Neighborhood Redevelopment Corporations

§ 15-5

Property tax abatement; limitation

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Bluebook (online)

Illinois § 15, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/315/15.