Southland Reactivation Act: Local leaders push to create jobs, help businesses in south suburbs – FOX32 (Chicago)

The act creates a special designation for under-utilized properties in south suburban communities. Properties that meet the qualifying criteria will be assessed at 50% of their last known equalized asset value, and for the first year of being certified as a Southland Reactivation Property, their total tax liability bill cannot exceed $100,000.

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