All property of every kind owned by the Port District shall be exempt from taxation, provided that a tax may be levied upon a lessee of the Port District by reason of the value of a leasehold estate separate and apart from the fee simple title, or upon such improvements as are constructed and owned by others than the Port District.
70 ILCS 1815/4
Known as the Illinois Valley Regional Port District Act
The act spans §§ 70-1815-1 to 70-1815-9 (74 sections).
P.A. 77-1799.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.