Title
Ordinance adopting a Lake County Motor Fuel Tax at an initial rate of four cents ($0.04) per gallon of motor fuel sold at retail within Lake County.
Staff Summary
* Public Act 101-0032 (Act) grants Lake County the authority to impose a tax on the sale of motor fuel, as defined in the Motor Fuel Tax Law.
* The funds collected from this tax shall be used by Lake County solely for operating, constructing, and improving public highways and waterways, and acquiring real property and rights-of-way for public highways and waterways within Lake County.
* The Illinois Department of Revenue is responsible for collection and administration of the revenue generated from this motor fuel tax.
* Collection would begin on July 1, 2021, upon adoption of this Ordinance by the County Board and submittal of the necessary documentation by April 1, 2021.
* The funds derived from the Lake County Motor Fuel Tax will be placed in a separate fund to be known as the "County Option Motor Fuel Tax Fund."
Body
O R D I N A N C E
ORDINANCE TO IMPOSE A COUNTY OPTION MOTOR FUEL TAX FOR THE PURPOSE OF OPERATING, CONSTRUCTING AND IMPROVING PUBLIC HIGHWAYS AND WATERWAYS, AND ACQUIRING REAL PROPERTY AND RIGHTS-OF-WAY FOR PUBLIC HIGHWAYS AND WATERWAYS WITHIN LAKE COUNTY
WHEREAS, the Illinois General Assembly enacted the Transportation Protection Funding Act, Public Act 101-0032 (Act), which amended certain taxation provisions of the Counties Code; and
WHEREAS, the Act grants Lake County the authority to impose a tax on the sale of motor fuel, as defined in the Motor Fuel Tax Law, at retail for the operation of motor vehicles upon public highways or for the operation of recreational watercraft upon waterways; and
WHEREAS, the Act requires the funds collected from this tax be used by Lake County solely for operating, constructing, and improving public highways and waterways, and acquiring real property and rights-of-way for public highways and waterways within Lake County; and
WHEREA...
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