Sec. 10-505. Wooded acreage defined.

127 words·~1 min read·/il/chapter-35/act-200/10-505

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 10-505. Wooded acreage defined. For the purposes of this Division 17, "wooded acreage" means any parcel of unimproved real property that:

(1)can be defined as "woodlands" by the United States Department of the Interior Bureau

of Land Management;

(2)is at least 5 contiguous acres;

(3)does not qualify as cropland, permanent pasture, other farmland, or wasteland under

Section 10-125 of this Code;

(4)is not managed under a forestry management plan and considered to be other farmland

under Section 10-150 of this Code;

(5)does not qualify for another preferential assessment under this Code; and

(6)is owned by the taxpayer on October 1, 2007.

This amendatory Act of the 100th General Assembly is intended as a clarification and is not a new enactment.