The rate of the Simplified Municipal Telecommunications Tax for municipalities on the list described in Section 5-25 of this Act shall be measured by the sum of the following rates set forth in ordinances enacted by the municipalities at the rates in effect on the effective date of this Act: (1) The rate equal to 70% of the rate set forth in such ordinance pursuant to subparagraph 1 of Section 8-11-2 of the Illinois Municipal Code, rounded to the nearest even 0.25% increment; plus (2) The rate set forth in such ordinance pursuant to Section 8-11-17 of the Illinois Municipal Code, rounded to the nearest even 0.25% increment; plus (3) The rate set forth in such ordinance pursuant to Section 20 of the Telecommunications Infrastructure Maintenance Fee Act. such ordinance pursuant to subparagraph 1 of Section 8-11-2 of the Illinois Municipal Code, rounded to the nearest even 0.25% increment; plus Section 8-11-17 of the Illinois Municipal Code, rounded to the nearest even 0.25% increment; plus Section 20 of the Telecommunications Infrastructure Maintenance Fee Act.
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