Illinois Statutes
§ 115-115 — Property tax exemption
Illinois·Topic GOVERNMENT·Ch. 60 TOWNSHIPS·Act 60 ILCS 1/ Township Code.·Art. Article 115 - Township Open Space
All property acquired by any township for open space purposes pursuant to an open space program as defined in this Article shall be exempt from real property taxation for assessment year 1988 and each assessment year thereafter.
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Illinois § 115-115 (Property tax exemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 88-670, eff. 12-2-94.)
Nearby Sections
15
§ 115-10
Open space plan; petition§ 115-100
Dedication of nature preserves§ 115-105
Borrowing money; bonds§ 115-110
Report§ 115-115
Property tax exemption§ 115-120
Applicability§ 115-125
Validation§ 115-15
Public hearing§ 115-25
Amendments or additions to plan§ 115-45
Powers of township board§ 115-5
Definitions