(65 ILCS 5/8-3-18)
A municipality, upon a majority vote of its governing
authority, may abate taxes levied for corporate purposes under Section 8-3-1 in
amount not to exceed 50% of the donation by a taxpayer who donates not less
than $10,000 to a qualified program. The abatement shall not exceed the tax
extension on the taxpayer's real property for the levy year in which the
donation is made.
For purposes of this Section, "qualified program" means a facility or a
program in an area designated as a target area by the governing authority
of the municipality for the creation or expansion of job training and
counseling programs, youth day care centers, congregate housing programs
for senior adults, youth recreation programs, alcohol and drug abuse
prevention, mental health counseling programs, domestic violence shelters,
and other programs, facilities or services approved by the governing
authority as qualified programs in a target area.
(Source: P.A. 88-389.)