MUNI CD-OCC & USE TAXES

Amends the Illinois Municipal Code. Increases to 1.5% (now, 1/2 of 1%) the rate of a retailer's occupation tax, service occupation tax, or use tax that may be imposed by a non-home rule municipality. Provides that the taxes may be imposed for expenditure on public infrastructure, transportation projects, property tax relief, or any combination of these (now, may be provided for expenditure on public infrastructure or for property tax relief, or both). Defines "transportation project". Effective immediately.