SB2815 93RD GENERAL ASSEMBLY

LRB093 16124 SJM 41755 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB2815

Introduced 2/5/2004, by James F. Clayborne Jr.

SYNOPSIS AS INTRODUCED:

35 ILCS 636/5-15

Amends the Simplified Municipal Telecommunications Tax Act. Makes a technical change in a Section concerning maximum tax rates.

A BILL FOR

AN ACT concerning taxes.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Simplified Municipal Telecommunications Tax Act is amended by changing Section 5-15 as follows:

(35 ILCS 636/5-15)

Sec. 5-15. Maximum tax rates.

(a) For municipalities with a population of less than 500,000, the tax authorized by this Act may be imposed at a rate not to exceed 6% of the gross charge for telecommunications purchased at retail. If imposed, the tax must be in increments of 0.25%.

(b) For municipalities with a population of 500,000 or more, the tax authorized by this Act may be imposed at a rate not to exceed 7% of the gross charge for telecommunications purchased at retail. If imposed, the tax must be in increments of 0.25%.

(Source: P.A. 92-526, eff. 7-1-02.)