# 86 Ill. Adm. Code 110.120: Section 110.120 Oil Right Lessees and Producers

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T86_P110_S110_120

## Section

- **Citation:** 86 Ill. Adm. Code 110.120
- **Heading:** Section 110.120 Oil Right Lessees and Producers
- **Jurisdiction:** Illinois
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Administrative Code / Title 86 REVENUE / CHAPTER I: DEPARTMENT OF REVENUE / Part 110 PROPERTY TAX CODE / Section 110.120 Oil Right Lessees and Producers

## Text

Section 110
Section 110.120  Oil Right
Lessees and Producers
a)         Every lessee corporation, individual or unincorporated
business which leases oil or natural gas rights or which operates oil-producing
or natural gas-producing properties in Illinois shall make return of the real
property connected with such lease or the property it operates on Form No.
PTAX-186.
b)         Form No. PTAX-186 shall be filed annually with the Chief
County Assessment Officer between the 1st day of April and the 1st day of June.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T86_P110_S110_120. Check the current official text before relying on it. Not legal advice.