Retailers' and Service Occupation Taxes

Summary

The City of Assumption amends its retailers' and service occupation taxes within the city, maintaining the tax authority as previously authorized through referendum. The ordinance imposes a 1% tax on retail sales of tangible personal property and a 1% tax on sales of services. The Illinois Department of Revenue will administer and enforce the taxes.

Details

Subject

Retailers' and Service Occupation Taxes

Summary

The City of Assumption amends its retailers' and service occupation taxes within the city, maintaining the tax authority as previously authorized through referendum. The ordinance imposes a 1% tax on retail sales of tangible personal property and a 1% tax on sales of services. The Illinois Department of Revenue will administer and enforce the taxes.

Action Type

amend

Vote Detail

Unanimous approval by City Aldermen

Vote Result

passed

Adoption Date

2025-04

Enacting Body

City of Assumption Mayor and City Council

Effective Date

2025-07-01

Ordinance Number

Ord. 831