PETERSON. 65 ILCS 5/8-11-2 from Ch. 24, par. 8-11-2 Amends the Illinois Municipal Code. Provides that a municipality may tax the privilege of using or consuming electricity acquired in a purchase at retail and used or consumed within the corporate limits of the municipality (i) at a rate of up to .32 cents per kilowatt-hour or (ii) in the case of a self-assessing purchaser, at a rate not to exceed 5% of the self-assessing purchaser's purchase price for all electricity distributed, supplied, furnished, sold, transmitted, and delivered to the self-assessing purchaser for use within the corporate limits of the municipality in a month (now at a rate not to exceed 5% of the gross receipts from the sale of electricity). Provides that a self-assessing purchaser may register and pay the tax directly to the municipality. Provides for collection of the tax. Makes other changes. Effective August 1, 1998. 98-02-20 S FIRST READING 98-02-20 S REFERRED TO SENATE RULES COMMITTEE RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary