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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB2815
Introduced 2/5/2004, by James F. Clayborne Jr. SYNOPSIS AS INTRODUCED:
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Amends the Simplified Municipal Telecommunications Tax Act. Makes a technical change in a Section concerning maximum tax rates.
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A BILL FOR
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SB2815 |
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LRB093 16124 SJM 41755 b |
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| AN ACT concerning taxes.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Simplified Municipal Telecommunications Tax |
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| Act is amended by changing Section 5-15 as follows:
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| (35 ILCS 636/5-15)
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| Sec. 5-15. Maximum tax rates.
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| (a) For municipalities with a population of less than |
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| 500,000,
the tax authorized by this Act may be imposed at a |
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| rate not to exceed
6% of the gross charge for |
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| telecommunications purchased at retail. If
imposed, the tax |
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| must be in increments of 0.25%.
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| (b) For municipalities with a population of 500,000 or |
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| more, the
tax authorized by this Act may be imposed at a rate |
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| not to exceed 7%
of the gross charge for telecommunications |
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| purchased at retail. If
imposed, the tax must be in increments |
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| of 0.25%.
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| (Source: P.A. 92-526, eff. 7-1-02.)
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