Illinois § 15-125
Full text of Illinois Illinois Compiled Statutes § 15-125, with citation guidance and answers to common questions.
§ 15-125.
Parking areas. (a) Parking areas, not leased or used for profit other than those lease or rental agreements subject to subsection (b) of this Section, when used as a part of a use for which an exemption is provided by this Code and owned by any school district, non-profit hospital, school, or religious or charitable institution which meets the qualifications for exemption, are exempt. (b) Parking areas owned by any religious institution that meets the qualifications for exemption, when leased or rented to a mass transportation entity for the limited free parking of the commuters of the mass transportation entity, are exempt. (c) Parking areas owned by any religious institution that meets the qualifications for exemption, when leased or rented to a municipality for the purpose of providing free public parking, are exempt, so long as the lease is for no more than nominal consideration. For purposes of this Section, maintenance and insurance of the parking areas by the municipality shall be considered nominal consideration. (d) Parking areas that are owned by a non-profit trust fund, a non-profit labor union, or a 501(c)(2) entity controlled by a non-profit trust fund or non-profit labor union and that are used primarily for parking for an educational trade school described in Section 15-37 are exempt. (Source: P.A. 103-1070, eff. 3-21-25.)
Frequently Asked Questions About Illinois § 15-125
What does Illinois Compiled Statutes § 15-125 cover?
Section 15-125 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 15-125?
A common citation format is "Illinois Compiled Statutes § 15-125" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 15-125 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.