215 ILCS 5/531.16

215 ILCS 5/531.16
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(215 ILCS 5/531.16) (from Ch. 73, par. 1065.80-16) Sec. 531.16. Tax Exemptions.) The Association is exempt from payment of all fees and all taxes levied by this State or any of its subdivisions, except taxes levied on real property. (Source: P.A. 81-899.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

Starting a business in Illinois? Illinois LLC guide: costs and requirements