Illinois 97th General Assembly - Tax Bills

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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-TE​CH: General Homestead Exemption conditions authorized

HB4242- REVENUE-TE​CH: Natural Disaster Homestead Exemption

HB5192 -REVENUE-TE​CH: 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-EQUALIZ​ATION FACTOR: Bond referendum question language issue – Cook County

SB3320 – TAX CHECKOFFS-MIN CONTRIB: new income tax check-offs created

SB3386- PROP TX-ELECTRO​NIC 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.

WJS

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Published In: Administrative Agency Updates, Tax Updates, Commercial Real Estate Updates, Nonprofits Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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