There is hereby established in the City a Foreign Fire Insurance Tax Board in accordance with 65 ILCS 5/11-10-2 et. seq. The Foreign Fire Insurance Tax Board shall be administered by a Board of Trustees as provided by said law.
The Foreign Fire Insurance Tax Board meets quarterly in February, May, August, and November. Please review the City's calendar for exact dates.
The Foreign Fire Insurance Tax Board’s duties are to receive and account for revenues from the 2% tax on fire insurance policies sold by foreign (out of state) insurance companies on properties located or conducting business within the City and to use these funds for the maintenance, use, and benefit of the Fire Department.