Bill Information - History

An Act authorizing counties to impose sales, use, occupancy, personal income or earned income and net profits taxes; authorizing municipalities to impose personal income, earned income and net profits and municipal service taxes; empowering municipalities to require county sales and use taxes; providing for the levying, assessment and collection of such taxes; providing for the powers and duties of the Department of Community and Economic Development, the Department of Revenue and the State Treasurer; providing an additional exemption from the tax on intangible personal property; exempting political subdivisions from compliance with certain laws that require counties and municipalities to spend funds or that limit the ability of counties and municipalities to raise revenue; limiting reassessments in counties of the second class; and restricting the taxing authority of certain political subdivisions.