35 ILCS 200/15-155

35 ILCS 200/15-155
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(35 ILCS 200/15-155) Sec. 15-155. Port districts. All property belonging to the Chicago Regional Port District or any other port district created by the legislature of this State is exempt. However, a tax may be levied upon a lessee of such property based on the value of a leasehold estate separate and apart from the fee, or upon improvements constructed and owned by others than the Port District. (Source: Laws 1961, p. 3370; P.A. 88-455.)
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