(65 ILCS 5/11-7-1) (from Ch. 24, par. 11-7-1)
Sec. 11-7-1.
The corporate authorities of any city or village containing
less than 500,000 inhabitants may levy, annually, a tax not to exceed .075%
of the value, as equalized or assessed by the Department of Revenue, of
all taxable property therein, to provide revenue for the purpose of fire
protection in the municipality. However, municipalities authorized to levy
this tax on July 1, 1967 shall have a rate limit of .15%, or the limit in
effect on July 31, 1969, whichever is greater. This tax shall be in addition
to and in excess of all taxes authorized by law to be levied and collected
in that municipality and shall be in addition to and in excess of the amount
authorized to be levied for general purposes as provided by Section 8-3-1.
(Source: P.A. 81-1509.)
|