(65 ILCS 5/11-66-1) (from Ch. 24, par. 11-66-1)
Sec. 11-66-1.
Every city and village with a population of less than 500,000 in the
manner provided in this Division 66, may establish and maintain a
municipal coliseum to be used for general educational and amusement
purposes for the benefit of its inhabitants. For this purpose, the
corporate authorities may levy a tax not to exceed .25% of the value, as
equalized or assessed by the Department of Revenue, on
all the taxable property of the municipality, for the establishment of
such a coliseum, and thereafter may annually levy a tax not to exceed
.05% of the value, as equalized or assessed by the Department of Revenue,
on all the taxable property of the municipality, for
the maintenance thereof. Those taxes shall be levied and collected in
like manner as other taxes of the municipality are levied and collected
for municipal purposes. This tax when collected shall be paid to the
municipal treasurer and shall be designated as the municipal coliseum
fund. This tax shall be in addition to all other taxes which the
municipality is now or may be hereafter authorized to levy and collect,
and shall be in addition to the amount authorized to be levied for
general purposes as provided by Section 8-3-1.
The foregoing limitations upon tax rates may be increased or
decreased according to the referendum provisions of the General Revenue
Law of Illinois.
(Source: P.A. 81-1509.)
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