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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018 HB0537 Introduced , by Rep. Robert W. Pritchard SYNOPSIS AS INTRODUCED: |
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Amends the Election Code. Provides for disclosure of certain items when a unit of local government proposes referenda seeking to impose or increase a retailers' occupation tax, a use tax, a service occupation tax, a service use tax, or a property tax, or regarding the issuance of bonds. Provides that such referenda may only appear on ballots once every 23 months. Provides for publication requirements. Effective immediately.
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| | A BILL FOR |
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| | HB0537 | | LRB100 06956 MLM 18077 b |
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1 | | AN ACT concerning local government.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 5. The Election Code is amended by adding Section |
5 | | 28-8.2 as follows: |
6 | | (10 ILCS 5/28-8.2 new) |
7 | | Sec. 28-8.2. Revenue referenda disclosure. |
8 | | (a) For purposes of this Section, "revenue referenda" means |
9 | | referenda by a unit of local government seeking to impose or |
10 | | increase a retailers' occupation tax, a use tax, a service |
11 | | occupation tax, a service use tax, or a property tax, or |
12 | | regarding the issuance of bonds. |
13 | | (b) Revenue referenda shall contain the following |
14 | | information: |
15 | | (1) the amount of the new or increased tax or bond; |
16 | | (2) the amount that this proposed imposition or |
17 | | increase will impact the unit of local government's taxes |
18 | | or bonds; |
19 | | (3) if a bond, the life of the bond and the amounts of |
20 | | principal, interest, and total debt service; and |
21 | | (4) an example of the impact the new or increased tax |
22 | | or bond will have on a family owning a residence worth |
23 | | $100,000, both before and after the issuance of the tax or |