Division 120 - Transportation System Tax - Illinois Statutes

      (65 ILCS 5/Art. 11 Div. 120 heading)DIVISION 120. TRANSPORTATION SYSTEM TAX

(65 ILCS 5/11‑120‑1) (from Ch. 24, par. 11‑120‑1)     Sec. 11‑120‑1. The corporate authorities of any city, village or incorporated town may levy, annually, a tax of not to exceed .03% of the value, as equalized or assessed by the Department of Revenue, on all taxable property therein, to provide revenue for the purpose of operating, maintaining and improving any local transportation system owned and operated by such city, village or incorporated town. This tax shall be in addition to all taxes authorized by law to be levied and collected in the municipality and shall be in addition to the amount authorized to be levied for general purposes as provided by Section 8‑3‑1. (Source: P.A. 81‑1509.)

(65 ILCS 5/11‑120‑2) (from Ch. 24, par. 11‑120‑2)     Sec. 11‑120‑2. This Division 120 shall not be in force in any city, village or incorporated town until the question of its adoption is certified by the clerk and submitted to the electors of the city, village or incorporated town and approved by a majority of those voting on the question.     The question shall be in substantially the following form: ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑     Shall Division 120 of the Illinois Municipal Code permitting                     YES municipalities to levy an additional annual tax of not to exceed .03%          ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑ for the purpose of operating, maintaining and improving local               NO transportation systems be adopted? ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑     If a majority of the votes cast on the question is in favor of adopting this Division 120, such division shall be adopted. It shall be in force in the adopting city, village or incorporated town for the purpose of the fiscal years succeeding the year in which the election is held. (Source: P.A. 81‑1489.)