Illinois § 57 Cancellation and repayment of tax benefits

Illinois Statutes

§ 57 — Cancellation and repayment of tax benefits

Illinois § 57

TopicGOVERNMENT

Ch. 65MUNICIPALITIES

Act 65 ILCS 110/Economic Development Project Area Tax Increment Allocation Act of 1995.

This text of Illinois § 57 (Cancellation and repayment of tax benefits) 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

65 Ill. Comp. Stat. 57 (2026).

Text

Any tax abatement or benefit granted by a taxing district under an agreement entered into under this Act to a private individual or entity for the purpose of originating, locating, maintaining, rehabilitating, or expanding a business facility shall be cancelled if the individual or entity relocated its entire facility in violation of the agreement, and the amount of the abatements or tax benefits granted before the cancellation shall be repaid to the taxing district within 30 days, as provided in Section 18-183 of the Property Tax Code.

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Any tax abatement or benefit granted by a taxing district under an agreement entered into under this Act to a private individual or entity for the purpose of originating, locating, maintaining, rehabilitating, or expanding a business facility shall be cancelled if the individual or entity relocated its entire facility in violation of the agreement, and the amount of the abatements or tax benefits granted before the cancellation shall be repaid to the taxing district within 30 days, as provided in Section 18-183 of the Property Tax Code.

Legislative History

(Source: P.A. 89-591, eff. 8-1-96.)

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Bluebook (online)

Illinois § 57, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/65/57.