IL SB2556

Increases the maximum tax levy rate for general corporate purposes in forest preserve districts with populations under 3,000,000 from 0.06% to 0.08% of taxable property value

Raises the maximum tax levy rate for construction, restoration, and land development purposes in forest preserve districts with populations between 100,000 and 3,000,000 from 0.025% to 0.045% of assessed value

Requires voter approval through referendum before any tax rate increases can take effect

Mandates that referendum ballots include an estimate of the tax impact on a single-family home of specified value

Takes effect immediately upon becoming law