SB3660 Summary

• Increases the general corporate tax rate for downstate forest preserve districts with populations under 3,000,000 from 0.06% to 0.08% of taxable property value.

• Increases the special tax rate for forest preserve districts with populations of 100,000 to 3,000,000 from 0.025% to 0.045% of assessed taxable property value for construction, restoration, and land development projects.

• Requires voter referendum approval before any tax rate increase can take effect, with a 45-day notice period and petition option allowing 10% of registered voters to force a ballot measure.

• Ballot must include the proposed tax rate and approximate tax impact on a single-family home, plus optional information on the previous tax rate and year of last increase.

• Takes effect immediately upon becoming law.