§ 20 ILCS 2520/1 Short title
§ 20 ILCS 2520/2 Legislative Declaration
§ 20 ILCS 2520/4 Department responsibilities
§ 20 ILCS 2520/5 Taxpayer’s suits
§ 20 ILCS 2520/6 Review of liens
§ 20 ILCS 2520/7 Costs

Terms Used In Illinois Compiled Statutes > 20 ILCS 2520 - Taxpayers' Bill of Rights Act

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.