IL HB5543

Grants non-home rule municipalities with populations exceeding 2,000 the authority to exercise all powers provided to home rule units under the Illinois Constitution, except for powers to tax, impose fees, and incur debt.

Allows home rule municipalities to impose a retailers' occupation tax in increments up to 1% (instead of only 1/4% increments) if the corporate authorities submit the tax question to voters through referendum.

Maintains that the state action exemption to federal antitrust statutes applies to all municipalities exercising their constitutional and statutory powers.

Limits relief in antitrust violation cases to injunctive relief preventing the alleged activity, rather than damages.

Takes effect immediately upon becoming law.