Sec. 5-15. Maximum rates.
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/il/chapter-35/act-636/5-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 5-15. Maximum 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%.