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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 5-3. Any park district may levy and collect annually an additional tax of not to exceed .25% of the value as equalized or assessed by the Department of Revenue of all taxable property in such district for all corporate purposes, which tax shall be levied and collected in like manner as the general taxes for such district. Such tax shall be in addition to all other taxes authorized by law to be levied and collected by such district and shall not be included within any limitation of rate contained in this code or any other law, but shall be excluded therefrom and be in addition thereto and in excess thereof.
No such tax shall be levied in any such district until the question of levying such tax has first been submitted to the voters of such district at an election held in such district, and has been approved by a majority of such voters voting thereon. Notice of the referendum shall be given and such election shall be conducted in the manner provided by the general election law.
The proposition shall be in substantially the following form:
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Shall ․․․․․․․․․ Park District |
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be authorized to levy and col- |
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lect an additional tax of not |
YES |
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to exceed .25% for all corporate |
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purposes (and, optionally, insert |
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specific purposes or programs |
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programs as determined by the |
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park district board) as provided |
NO |
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in Section 5-3 of “The Park Dis- |
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trict Code”?
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If a majority of the voters of such district voting thereon shall vote for the levy and collection of the tax, such district shall be authorized and empowered to levy and collect such tax.
Cite this article: FindLaw.com - Illinois Statutes Chapter 70. Special Districts § 1205/5-3. Additional corporate tax; referendum - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-70-special-districts/il-st-sect-70-1205-5-3/
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