Statutes, codes, and regulations
Illinois Compiled Statutes
GOVERNMENTChapter 35 - REVENUESubchapter - PROPERTY TAXESAct 200 - PROPERTY TAX CODE
Article 15 - EXEMPTIONS
Section 35 ILCS 200/15-80 - Installment purchase of property by a governmental body

35 ILCS 200/15-80

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Current through Public Act 103-1052
Section 35 ILCS 200/15-80 - Installment purchase of property by a governmental body

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.

35 ILCS 200/15-80

P.A. 83-1371; 88-455.