Synopsis of Bill as introduced:
Amends the Illinois Municipal Code. Provides that the Retailer's
Occupation Tax, the Service Occupation Tax, and the Use Tax imposed by
non-home-rule municipalities under the Illinois Municipal Code shall
not be imposed at a rate greater than 1/2 of 1% and shall be imposed
only in 1/4% increments. Provides that the proceeds from these 3
taxes may also be used for municipal property tax relief.
FISCAL NOTE (Department of Revenue)
HB 1921 does not create a fiscal impact on the Department.
STATE MANDATES NOTE (Dept. of Commerce & Community Affairs)
In the opinion of the Department of Commerce and Community
Affairs (DCCA), HB1921 does not create a State mandate under
the State Mandates Act.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status