(70 ILCS 1810/3.1)
(from Ch. 19, par. 154.1)
All property of every kind belonging to the Illinois International
Port District shall be exempt from taxation, provided that a tax may be levied
upon a lessee of the District by reason of the value of a leasehold estate
separate and apart from the fee, or upon such improvements as are constructed
and owned by others than the Port District.
All property of the Illinois International Port District shall be construed
as constituting public grounds owned by a municipal corporation and
used exclusively for public purposes within the tax exemption provisions
of Section 15-155 of the Property Tax Code.
(Source: P.A. 88-670, eff. 12-2-94.)