Illinois Compiled Statutes 35 ILCS 820 Stock, Commodity, or Options Transaction Tax Exemption Act. Section 2

    (35 ILCS 820/2) (from Ch. 121 1/2, par. 1002)

    Sec. 2. No home rule unit, as defined in Article VII of the Illinois Constitution, shall have the power to change, alter or amend in any way the provisions of Article I of this Act, and it is declared to be the law of this State, pursuant to paragraph (g) of Section 6 of Article VII of the Constitution, that home rule units shall not have the power to levy any tax on stock commodity or options transactions.

(Source: P.A. 82-1035.)

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Last modified: February 18, 2015