IL HB0828

Entities collecting foreign fire insurance taxes or license fees must publish annual reports on their websites by August 1, detailing total amounts collected and administrative fees charged for each municipality and fire protection district

Required website disclosures include both individual breakdowns per jurisdiction and aggregate totals for all municipal fire departments and fire protection districts

Administrative fees charged by collection entities are capped at 1% of the gross amount collected in each municipality or fire protection district

Foreign fire insurance companies not incorporated in Illinois must pay up to 2% of gross fire insurance premium receipts to support local fire departments

Annual premium reports and payments are due by July 15 each year; failure to comply prohibits the company from conducting business in the jurisdiction until amounts are paid