Illinois Statutes
§ 15 — Taxation of Neighborhood Redevelopment Corporations
Illinois·Topic HUMAN NEEDS·Ch. 315 URBAN PROBLEMS·Act 315 ILCS 20/ Neighborhood Redevelopment Corporation Law.
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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Legislative History
(Source: P.A. 93-1037, eff. 6-1-05 .)