(65 ILCS 5/11-45-1) (from Ch. 24, par. 11-45-1)
Sec. 11-45-1.
Whenever a municipality with a population of less than 500,000 is
authorized as provided in this Division 45, the municipality may levy
each year a tax not exceeding .04% of the value of the taxable property
within the municipality, as equalized or assessed by the Department of
Revenue, for the maintenance or employment of a
municipal band for musical purposes or for the maintenance and conduct
of programs in the performing arts, or both.
This authority shall be initiated by a petition signed by electors
equal in number to 5% of the number of votes cast at the last preceding
regular municipal election. The petition shall be filed with the
municipal clerk and shall request that the question set forth in Section
11-45-2 be submitted to the electors.
However, municipalities authorized to levy this tax on July 1, 1967
shall have a rate limitation of .04% or the rate limitation in effect on
that date whichever is greater.
The foregoing limitations upon tax rates may be increased or
decreased under the referendum provisions of the General Revenue Law of
Illinois.
(Source: P.A. 81-1509.)
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