All property, real, personal or mixed, owned by the Authority, which is located in the State of Illinois is exempt from taxation under the laws of the State of Illinois, to the extent that such property is used for public purposes, including uses directly related to the operation and maintenance of air transportation facilities and equipment.
70 ILCS 15/19
Exemption from taxation
Known as the Kankakee River Valley Area Airport Authority Act
The act spans §§ 70-15-1 to 70-15-9 (23 sections).
P.A. 86-1400.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.