(70 ILCS 1105/18) (from Ch. 85, par. 6818)
Sec. 18.
Taxes.
(a) After the first Monday in October and by the first Monday in
December in each year, the board shall levy the
general taxes for the district for the next fiscal year. Taxes shall be
levied in the same manner as taxes are levied for municipal purposes,
except the filing of the ordinance with the county clerk shall be made by
the last Tuesday in December each year.
(b) The amount of taxes levied for general corporate purposes for a
fiscal year may not exceed the rate of .02% of the assessed value, as
equalized by the Department of Revenue, of the taxable property in the
district. In addition, in museum districts having a population of 100,000
or more but less than 2,000,000, the board may levy taxes for constructing,
restoring, reconditioning, reconstructing, and acquiring improvements and
for the development of the historical sites, together with related lands
and facilities, of the district in an amount for each fiscal year at a rate
not to exceed .05% of the assessed value, as equalized by the Department of
Revenue, of the taxable property in the district.
(c) The taxes and rates authorized by this Section are exclusive of the
taxes required for the payment of the principal of and interest on bonds
and exclusive of taxes levied for employees' annuity and benefit purposes.
(d) All moneys collected under this Act shall be paid to the treasurer of
the district.
(Source: P.A. 86-477; 87-17.)
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