Illinois Statutes
§ 15-80 — Installment purchase of property by a governmental body
Illinois·Topic GOVERNMENT·Ch. 35 REVENUE·Act 35 ILCS 200/ Property Tax Code.·Art. Title 4 - Exemptions
All property that is being purchased by a governmental body under an installment contract pursuant to statutory authority and used exclusively for the public purposes of the governmental body is exempt, except such property as the governmental body has permitted or may permit to be taxed.
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Illinois § 15-80 (Installment purchase of property by a governmental body) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 83-1371; 88-455.)
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