Public Act 90-0703
HB2910 Enrolled LRB9009437KDks
AN ACT to amend the Counties Code by adding Section
5-1055.5.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Counties Code is amended by adding
Section 5-1055.5 as follows:
(55 ILCS 5/5-1055.5 new)
Sec. 5-1055.5. Sharing use and occupation tax receipts.
A county with a population between 180,000 and 200,000 may,
but shall not be required to, enter into an intergovernmental
agreement and by that agreement transfer to a home rule
municipality that is located within the county a share of use
and occupation tax receipts generated by the county. A
county with a population between 180,000 and 200,000 may, but
shall not be required to, enter into an intergovernmental
agreement and by that agreement receive from a home rule
municipality located in that county a share of use and
occupation tax receipts generated by the home rule
municipality.
Section 99. Effective date. This Act takes effect upon
becoming law.