35 ILCS 200/18-184.20

(35 ILCS 200/18-184.20)

Sec. 18-184.20. MICRO Illinois project facilities. Any taxing district, upon a majority vote of its governing body, may, after determination of the assessed value as set forth in this Code, order the clerk of the appropriate municipality or county to abate, for a period not to exceed 30 consecutive years, any portion of real property taxes otherwise levied or extended by the taxing district on a MICRO Illinois Project facility that is subject to an agreement with the Department of Commerce and Economic Opportunity under the Manufacturing Illinois Chips for Real Opportunity (MICRO) Act, during the period of time such agreement is in effect as specified by the Department of Commerce and Economic Opportunity.

(Source: P.A. 102-700, eff. 4-19-22; 103-595, eff. 6-26-24.)