(70 ILCS 1832/15)
Property of district; exemption.
All property of every kind
belonging to the Mid-America Intermodal
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 any improvements that are constructed
and owned by others than the district.
All property of the Mid-America Intermodal Authority Port District shall be
as constituting public grounds owned by a municipal corporation and
used exclusively for public purposes within the tax exemption provisions
of Sections 15-10, 15-15, 15-20, 15-30, 15-75, 15-140, 15-155, and 15-160 of
the Property Tax Code.
(Source: P.A. 90-636, eff. 7-24-98.)