HB0155 Summary

• Increases maximum tax rate for Non-Home Rule Municipal Retailers' Occupation Tax, Service Occupation Tax, and Use Tax from 1% to 2%, with taxes imposed in 1/4% increments.

• Establishes intent that the portion of tax used for municipal operations may not exceed 1%; any amount above 1% must be allocated proportionally between municipal operations, public infrastructure, and property tax relief based on a formula.

• Expands definition of "public infrastructure" to include acquisition, repair, and maintenance of public safety equipment such as police vehicles, fire trucks, surveillance equipment, and body cameras.

• Adds new definition of "public safety equipment" to clarify it includes firefighting, police, rescue, transportation, and communications equipment used by police departments, fire departments, and first responders.

• Takes effect immediately upon becoming law.