CTY CD-ROCK ISLAND-SALES TAX
Synopsis of Bill as introduced:
Amends the Counties Code. Allows the Rock Island County Board,
upon referendum approval, to impose a retailers' occupation tax, a
service occupation tax, and a use tax at a rate of 1/4 of 1% for the
sole purpose of obtaining funds for the economic development
activities of Rock Island county and communities located within the
county, including creation and retention of job opportunities, support
of affordable housing opportunities, and enhancement of quality of
life improvements. Repeals a Section in the Quad Cities Regional
Economic Development Authority Act allowing the Quad Cities Regional
Economic Development Authority, upon referendum approval, to impose a
retailers' occupation tax and a service occupation tax to finance a
U.S. Department of Defense facility. Effective immediately.
STATE MANDATES FISCAL NOTE
In the opinion of DCCA, HB687 fails to create a State mandate.
FISCAL NOTE (Dept. of Revenue)
HB 687 will generate an estimated $2,780,000 annually for the
Rock Island County Board for economic development activities of
the Quad Cities Regional Economic Development Authority. The
Dept. of Revenue will realize additional indeterminable admini-
strative costs for collection and enforcement of this tax with-
HOME RULE NOTE
HB 687 does not preempt home rule authority.
HOUSE AMENDMENT NO. 2.
With respect to certification and filing of the results of a
proposition or ordinance imposing, discontinuing or changing a use
or occupation tax, changes the filing deadline to October 1 and the
effective date to January 1. Makes a spelling correction.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status