Illinois General Assembly - Illinois Compiled Statutes

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215 ILCS 155/15.1

(215 ILCS 155/15.1)

Sec. 15.1.

No taxes to be imposed by political subdivisions.

The fees,
charges, and taxes provided for by this Act shall be in lieu of all license
fees or privilege or occupation taxes or other fees levied or assessed by any
municipality, county, or other political subdivision of this State.  No
municipality, county, or other political subdivision of this State shall impose
any license fee or privilege or occupation tax or fee upon any domestic,
foreign, or alien company, or upon any of its agents, for the
privilege of doing insurance business therein.  This Section shall not be
construed to prohibit the levy and collection of State, county, or municipal
taxes upon the real and personal property of the company, including the tax
imposed by subsections (c) and (d) of Section 201 of the Illinois Income Tax
Act.  This Section 15.1 is declared to be
a denial and limitation of the powers of home rule units pursuant to paragraph
(g) of Section 6 of Article VII of the Illinois Constitution of 1970.

(Source: P.A. 90-317, eff. 8-1-97.)