(55 ILCS 5/5-1055.5)
Sec. 5-1055.5.
Sharing use and occupation tax receipts.
A county with a
population between 180,000 and 200,000 may, but
shall not be required to, enter into an intergovernmental agreement and by that
agreement transfer to a home rule municipality that is located within the
county a share of use and occupation tax receipts generated by the county. A
county with a population between 180,000 and 200,000 may, but shall not be
required to, enter into an intergovernmental
agreement and by that agreement receive from a home rule municipality located
in that county a share of use and occupation tax receipts generated by the home
rule municipality.
(Source: P.A. 90-703, eff. 8-7-98.)
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