"Rent constituting property taxes accrued" means 25% of the amount of gross rent paid in a taxable year for a residence which was subject to ad valorem property taxes in that year under the Property Tax Code.
320 ILCS 25/3.11
"Rent constituting property taxes accrued" means 25% of the amount of gross rent paid in a taxable year for a residence which was subject to ad valorem property taxes in that year under the Property Tax Code
Known as the Senior Citizens and Persons with Disabilities Property Tax Relief Act
The act spans §§ 320-25-1 to 320-25-9-1 (40 sections).
P.A. 87-860; 88-670, eff. 12-2-94.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.