In addition to the tax that may be imposed under subsection (b) of Section 60, a participating municipality may levy a tax for corporate purposes of the Port District within that portion of the municipality in the Port District annually, but which rate shall not exceed .05% of the value of all taxable property within that municipality within the Port District as equalized or assessed by the Department of Revenue.
70 ILCS 1842/65
Tax levy
Known as the Rock Island Regional Port District Act
The act spans §§ 70-1842-1 to 70-1842-95 (29 sections).
P.A. 103-242, eff. 1-1-24.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.