Illinois Code § 70 ILCS 1832/15

Property of district; exemption.
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All property of every kind
belonging to the Mid-America Intermodal
Authority
Port District shall be exempt from taxation, provided that a tax may be levied
upon a lessee of the district by reason of the value of a leasehold estate
separate and apart from the fee or upon any improvements that are constructed
and owned by others than the district.

 
All property of the Mid-America Intermodal Authority Port District shall be
construed
as constituting public grounds owned by a municipal corporation and
used exclusively for public purposes within the tax exemption provisions
of Sections 15-10, 15-15, 15-20, 15-30, 15-75, 15-140, 15-155, and 15-160 of
the Property Tax Code.

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