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Illinois · Through at least Public Act 104-790

20 ILCS 620/8a: Cancellation and repayment of tax benefits.

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Where this section sits in the code
  1. CHAPTER 20 EXECUTIVE BRANCH
  2. Economic Development Area Tax Increment Allocation Act.

Any tax abatement or benefit granted by a taxing district under an agreement entered into under this Act to a private individual or entity for the purpose of originating, locating, maintaining, rehabilitating, or expanding a business facility shall be cancelled if the individual or entity relocated its entire facility in violation of the agreement, and the amount of the abatements or tax benefits granted before the cancellation shall be repaid to the taxing district within 30 days, as provided in Section 18-183 of the Property Tax Code.

Collected 2026-09-15T04:46:13Z. Source file · JSON

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