(35 ILCS 820/0.01) (from Ch. 121 1/2, par. 1000) Sec. 0.01. Short title. This Act may be cited as the Stock, Commodity, or Options Transaction Tax Exemption Act. (Source: P.A. 86-1324.)
(35 ILCS 820/1) (from Ch. 121 1/2, par. 1001) Sec. 1. No unit of local government shall levy any tax on stock, commodity or options transactions. (Source: P.A. 82-1035.)
(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.)
(35 ILCS 820/3) Sec. 3. Construction of Act. Nothing in this Act shall be construed as prohibiting or otherwise invalidating any real estate transfer tax or fee authorized or permitted by Section 31-10 of the Property Tax Code, Sections 5-1031 and 5-1031.1 of the Counties Code, or Section 8-3-19 of the Illinois Municipal Code. This Section is intended as a clarification and not as a change to existing law. (Source: P.A. 93-657, eff. 6-1-04; 93-1099, eff. 6-1-05.)
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