Attached is a report prepared for the Illinois State Bar Association State and Local Taxation Section Council.
It contains a description that summarizes each tax bill passed by both Houses of the recently concluded Illinois General Assembly.
1. ISBA SALT PROPOSALS
None of the ISBA SALT legislative proposals advanced beyond the House Revenue & Finance Committee:
A. PROP TAX-RECAPTURE LEVY (HB 4021)
B. NON-COOKCOUNTY BOR Rules (HB4044)
C. COOK COUNTY SCAVENGER SALE(HB4044)
WHAT FOLLOWS IS A LIST OF THE BILLS THAT ISBA SALT REVIEWED AND DISCUSS THAT PASSED BOTH HOUSES:
HB1645- LIVE ADULT ENTERTAINMENT FACILITY SURCHARGE ACT
HB3859- MUNI/COUNTIES CD-TAX SHARING: sales tax agreement disclosure
HB3934- EDGE-ECON INCENTIVE COMMITTEE: EDGE agreement disclosure
HB4239- REVENUE-TECH: General Homestead Exemption conditions authorized
HB4242- REVENUE-TECH: Natural Disaster Homestead Exemption
HB5192 -REVENUE-TECH: Illinois Independent Tax Tribunal Act of 2012
HB5289- USE/OCC TAX-PENALTIES: Sales Tax Evasion
SB409 - PROP TX-SPECIAL SERVICE AREA: Disclosure and Public Hearing
SB2194 – MEDICAID/HEALTH CARE: The Cigarette Tax Increase and Property Tax Exemption for hospitals based on charity.
SB3101 - PROP TX-CHANGE OF ADDRESS: Tax Bill can be sent to new USPS address
SB3250 -PROP TX-INSTALLMENT DATE: Change of statute to reflect actual practice
SB3314- PROP TX-EQUALIZATION FACTOR: Bond referendum question language issue – Cook County
SB3320 – TAX CHECKOFFS-MIN CONTRIB: new income tax check-offs created
SB3386- PROP TX-ELECTRONIC RECORDS: Cook County BOR authorization –electronic changes
SB3607 – PROP TX-COMPLAINTS: non-Cook BOR - change of statute to reflect actual practice
SB3616- REVENUE-TECH: Illinois Enterprise Zone Act - extends the life of zones and creates additional ones.