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

Short title

Short title. This Act may be cited as the Stock, Commodity, or Options Transaction Tax Exemption Act. (Source: P.A. 86-1324.)

No unit of local government shall levy any tax on stock, commodity or options transactions

No unit of local government shall levy any tax on stock, commodity or options transactions. (Source: P.A. 82-1035.)

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 sh…

Construction of Act

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…