320 ILCS 25/3.11

320 ILCS 25/3.11
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(320 ILCS 25/3.11) (from Ch. 67 1/2, par. 403.11) Sec. 3.11. "Rent constituting property taxes accrued" means 25% of the amount of gross rent paid in a taxable year for a residence which was subject to ad valorem property taxes in that year under the Property Tax Code. (Source: P.A. 87-860; 88-670, eff. 12-2-94.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

Starting a business in Illinois? Illinois LLC guide: costs and requirements