Illinois General Assembly - Illinois Compiled Statutes

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315 ILCS 20/15

(315 ILCS 20/15) (from Ch. 67 1/2, par. 265)

Sec. 15.


Taxation of Neighborhood Redevelopment Corporations.
					Except as provided in Section 15-5, Neighborhood Redevelopment
Corporations organized under this Act,
notwithstanding their function in the Redevelopment of Slum and Blight or
Conservation Areas, shall be subject to the same taxation, general and
special, as to their assets, tangible and intangible, and as to their
capital stock, as is imposed by law upon the assets and capital stock of
private corporations for profit organized pursuant to the laws of this
State.

(Source: P.A. 93-1037, eff. 6-1-05.)