(35 ILCS 200/15-160)
(Text of Section WITH the changes made by P.A. 97-1161, which has been held unconstitutional) Sec. 15-160. Airport authorities and airports. (a) All property belonging to any
Airport Authority and used for Airport Authority purposes or leased to another
entity, which property use would be exempt from taxation under this Code if
it were owned by the lessee entity, is exempt. However, the provision added by
Public Act 86-219 shall not apply to any property of any Airport Authority
located in a county with more than 3,000,000 inhabitants. Property acquired
for airport purposes by an Authority shall remain subject to any tax previously
levied to pay bonds issued and outstanding on the date of acquisition.
(b) Also exempt is any airport or restricted land area or other air navigation
facility owned, controlled, operated or leased by another state or a political
subdivision of another state under the provisions of Sections 25.01 to 25.04,
both inclusive, of the "Illinois Aeronautics Act". However if at the time of
the acquisition of property to be used for public airport purposes the city,
village, township or school district, in which said property is located is
indebted for any amount for payment of which it provided for the collection of
taxes, the property acquired for public airport purposes shall be subject to
taxation for the payment of said indebtedness in the same proportion as said
property bore to the taxable property in said city, village, township or school
district immediately before the acquisition thereof, according to the last
assessment for taxation.
(c) If property of the Metropolitan Airport Authority of Rock Island County is leased to a fixed base operator that provides aeronautical services to the public, then those leasehold interests and any improvements thereon are exempt. (Source: P.A. 97-1161, eff. 6-1-13.)
(Text of Section WITHOUT the changes made by P.A. 97-1161, which has been held unconstitutional) Sec. 15-160. Airport authorities and airports. All property belonging to any
Airport Authority and used for Airport Authority purposes or leased to another
entity, which property use would be exempt from taxation under this Code if
it were owned by the lessee entity, is exempt. However, the provision added by
Public Act 86-219 shall not apply to any property of any Airport Authority
located in a county with more than 3,000,000 inhabitants. Property acquired
for airport purposes by an Authority shall remain subject to any tax previously
levied to pay bonds issued and outstanding on the date of acquisition.
Also exempt is any airport or restricted land area or other air navigation
facility owned, controlled, operated or leased by another state or a political
subdivision of another state under the provisions of Sections 25.01 to 25.04,
both inclusive, of the "Illinois Aeronautics Act". However if at the time of
the acquisition of property to be used for public airport purposes the city,
village, township or school district, in which said property is located is
indebted for any amount for payment of which it provided for the collection of
taxes, the property acquired for public airport purposes shall be subject to
taxation for the payment of said indebtedness in the same proportion as said
property bore to the taxable property in said city, village, township or school
district immediately before the acquisition thereof, according to the last
assessment for taxation.
(Source: P.A. 88-455.)
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