Illinois SB2769 amends the Illinois Municipal Code to allow municipalities to impose taxes on sales and services within designated business districts.
Illinois SB2769 amends the Illinois Municipal Code to allow municipalities to impose taxes on sales and services within designated business districts. The bill specifies that municipalities can impose a Business District Retailers' Occupation Tax on the sale of tangible personal property and a Business District Service Occupation Tax on the provision of services within these districts. The tax rates can be set in increments of 0.25%. The bill also details the administration and enforcement of these taxes by the Department of Revenue.
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