HomeMy WebLinkAboutOrd 5781 12/15/2009
ORDINANCE NO. 5781
AN ORDINANCE ESTABLISHING A BUSINESS DISTRICT NO.1
BUSINESS DISTRICT MUNICIPAL RETAILERS' OCCUPATION TAX
Passed and approved by
the President and Board of Trustees
the 15th day of December, 2009
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois,
the 16th day of December, 2009
ORDINANCE NO. 5781
AN ORDINANCE
ESTABLISHING A BUSINESS DISTRICT NO.1
BUSINESS DISTRICT MUNICIPAL RETAilERS' OCCUPATION TAX
WHEREAS, the Village of Mount Prospect has approved a Redevelopment Agreement
for redevelopment of the property commonly known as the Randhurst Shopping Mall; and
WHEREAS, the Agreement calls for the establishment of 0.25% Retailer's Occupation
Tax to be imposed and collected within the Business District that is in addition to all other taxes
collected within the District; and
WHEREAS, the President and Board of Trustees have determined that it is in the best
interests of the Village to impose such tax.
NOW, THEREFORE BE IT ORDAINED by the President and Board of Trustees of the
Village of Mount Prospect, Cook County, Illinois, acting in the exercise of their home rule
powers, as follows:
SECTION 1: A new Article XXIV entitled "Business District Municipal Retailer's
Occupation Tax" shall be added to Chapter 8 entitled "Village Government Miscellaneous
Provisions" to the Village of Mount Prospect Village Code and shall read as follows:
ARTICLE XXIV
BUSINESS DISTRICT MUNICIPAL RETAilERS' OCCUPATION TAX
8.2401 PURPOSE:
A Business District Municipal Retailers' Occupation Tax is hereby established for the
purpose of planning, execution and implementation of business district plans and to pay for
business district project costs in Business District NO.1 in the Village of Mount Prospect. (Ord.
4275,2-19-1991, eff. 9-1-1991: amd. Ord. 4613,1-18-1994).
8.2402 IMPOSITION OF TAX:
A. TanQible Personal Property. Effective as of the date of the establishment of
Business District No.1, a Business District Retailers' Occupation Tax is imposed upon all
persons engaged in the business of selling tangible personal property, other than an item of
tangible personal property titled or registered with an agency of the State of Illinois' government,
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at retail in the Village at the rate set forth in Appendix A, Division II of this Code, on the gross
receipts from such sales made in the course of such business. (Ord. 4275, 2-19-1991, eff. 9-1-
1991: amd. Ord. 4613,1-18-1994: Ord. 5189, 5-15-2001.
B. TanQible Personal Property in Connection with the Sale of a Service. Effective
as of the date of the establishment of Business District No.1, a Business District Service
Occupation Tax is imposed upon all persons engaged in the business of making sales of
service within Mount Prospect Business District NO.1 who, as an incident to making those sales
of service, transfer tangible personal property within Mount Prospect Business District No.1, at
the rate set forth in Appendix A, Division II of this Code. This tax shall apply only to the
tangible property that is transferred as an incident of the service.
8.2403 COLLECTION OF TAX:
The taxes that are the subject of this Article, and all civil penalties that may be assessed
pursuant to Article XX of this Chapter, shall be collected by the Department of Revenue of the
State of Illinois. The Department of Revenue shall have full power to administer and enforce the
provisions of this Article. (Ord. 5156-A, 12-19-2000).
SECTION 2: Section 8.2402 entitled "Imposition of Tax" of Chapter 8 listed in
Appendix A, Division II "Fees, Rates and Taxes" of the Mount Prospect Village Code shall be
amended as follows:
Sec. 8.2402
IMPOSITION OF TAX:
A. 0.25% on the gross receipts from sales
SECTION 3: This Ordinance shall be in full force and effect from and after its adoption
and approval as provided by law.
AYES:
Hoefert, Juracek, Korn, Polit, Zadel
NAYS:
None
ABSENT:
Matuszak
PASSED AND APPROVED this 15th day of December, 2009.
tir~~~
ana Wilks
Mayor
ATTEST:
~? k', v1cjt:
M. Lisa Angell
Village Clerk
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