(35 ILCS 200/15-125)
(a) Parking areas, not leased
or used for profit other than those lease or rental agreements subject to subsection (b) of this Section, when used as a
part of a use for which an exemption is provided by this Code and owned by
any school district, non-profit hospital, school, or religious or
charitable institution which meets the qualifications for exemption, are
(b) Parking areas owned by any religious institution that meets the qualifications for exemption, when leased or rented to a mass transportation entity for the limited free parking of the commuters of the mass transportation entity, are exempt.
(c) Parking areas owned by any religious institution that meets the qualifications for exemption, when leased or rented to a municipality for the purpose of providing free public parking, are exempt, so long as the lease is for no more than nominal consideration. For purposes of this Section, maintenance and insurance of the parking areas by the municipality shall be considered nominal consideration.
(Source: P.A. 100-455, eff. 8-25-17.)