However, such part of that property as has heretofore been or shall hereafter be leased by the Authority to a private individual, association or corporation for a use which is not exempted from taxation under Article 15 of the Property Tax Code is subject to taxation as provided in Section 9-195 of the Property Tax Code, regardless of any provision in such a lease to the contrary.
605 ILCS 10/22
All property belonging to the Authority, and the toll highways, shall be exempt from taxation
Known as the Toll Highway Act
The act spans §§ 605-10-1 to 605-10-9-7 (65 sections).
P.A. 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.