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Kincaid updates simplified telecommunications tax ordinance after state changes
Summary
Trustee Rahar said the village revised its telecommunications tax ordinance to align with amendments to the state public act and guidance from the Illinois Department of Revenue; trustees approved the updated ordinance to preserve funding.
Trustee Rahar explained the village's previously adopted simplified telecommunications tax ordinance was no longer acceptable after amendments to the state public act and that the Illinois Department of Revenue advised the village to revise language. He said the changes do not alter the tax rate or the review cycle but align the ordinance text to current state law; he asked the board to approve the amended ordinance before a Nov. 1 deadline to continue receiving distributions.
Trustee Paso moved to adopt the revised ordinance and Trustee Dees seconded; the board approved the amendment on an all-ayes vote. Rahar said the revision reduced exhibit length and followed Department of Revenue guidance to avoid interruption of receipts.
