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Divided Appellate Court denies tax exemption for sale-leaseback property

  • Franczek Radelet PC
  • -
  • USA
  • -
  • August 4 2011

The Fourth District Appellate Court recently found that the Department of Revenue correctly denied a property tax exemption where a charitable organization sold a property to a limited liability company formed by a concerned donor and then leased the property back under terms intended to have given the charity sufficient control over the property to qualify for an exemption

Illinois Supreme Court rejects hospital’s claim for charitable property tax exemption

  • Franczek Radelet PC
  • -
  • USA
  • -
  • April 1 2010

School districts interested in maintaining their tax base and preserving their tax exemptions may want to take note of a recent Illinois Supreme Court opinion