Sec. 5-1055.5. Sharing use and occupation tax receipts.
106 words·~1 min read·
/il/chapter-55/act-5/5-1055-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.