Top Legislation - View All
Latest Action: 11/25/2008 - Sent to the Governor Bill TextINC TAX- COLLEGE SAVINGS PLAN Amends the Higher Education Student Assistance Act and the Illinois Income tax Act. Authorizes the Illinois Student Assistance Commission to establish systems and programs to encourage employers to match employee contributions to prepaid programs of college savings by making donations to the Commission for prepaid programs of college savings and its programs of grants and loans to make higher education affordable for all residents of the State and to receive, hold, and disburse all such funds made available through those programs for the purposes for which they are authorized by rule or by law. Creates an income tax credit for employers who, during the taxable year, make a matching donation to the Illinois Student Assistance Commission on behalf of an employee. Provides that the credit is 25% of the matching donation, but not to exceed $500 per employee. Provides that the credit may be carried forward for 3 taxable years. Effective immediately. Senate [...] show full description
Latest Action: 11/24/2008 - Sent to the Governor Bill Text
TIF EXTEND-HOFFMAN ESTATES
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that the redevelopment project in the TIF district created by an ordinance that was adopted on December 22, 1986 by the Village of Hoffman Estates must be completed by December 31 of the 35th year (now, the 23rd year) after the year in which the ordinance was adopted.
Latest Action: 11/24/2008 - Sent to the Governor Bill TextFAIRGROUNDS RACETRACK AUTHORTY Creates the Illinois State Fairgrounds Racetrack Authority Act. Creates the Illinois State Fairgrounds Racetrack Authority to promote, operate, and maintain horse racing operations through a racing contractor in the Illinois State Fairgrounds. Provides the duties and powers of the Authority, including the duty to transition the conduct of horse racing at the Illinois State Fairgrounds from an annual race meeting that is contained within the duration of the Illinois State Fair to an annual standardbred race meeting that lasts from 3 to 9 months, depending on funding and market conditions. Provides that the Authority shall have concurrent jurisdiction with the Department of Agriculture over all of the real estate of the Illinois State Fairgrounds that is used for horse racing; however, when it is necessary to have controlling jurisdiction over this real property to obey a mandate of the Illinois Racing Board, the Authority shall have controlling jurisdiction.[...] show full description
Latest Action: 05/31/2008 - Rule 2-10 Third Reading Deadline Established As January 13, 2009 Bill TextHEALTH CARE FOR ALL-TECH Creates the Illinois Health Care For All Act. Contains only the short title provision. Senate Floor Amendment No. 1 Adds reference to: 35 ILCS 5/917from Ch. 120, par. 9-917215 ILCS 106/40305 ILCS 5/1-11305 ILCS 5/5-2from Ch. 23,[...] show full description
Latest Action: 08/31/2007 - Effective Date August 31, 2007 Bill TextVETERANS-TECH Creates the Veterans Assistance Act. Contains only a short title provision. Senate Committee Amendment No. 1 Adds reference to: 20 ILCS 2805/8 new20 ILCS 2805/9 new35 ILCS 200/15-16535 ILCS 200/15-167 new Deletes everything [...] show full description
Latest Action: 02/13/2008 - Added as Co-Sponsor Sen. Jeffrey M. Schoenberg Bill TextINC TAX-CREDITS Amends the Illinois Income Tax Act. Increases the amount of the earned income tax credit from 5% of the federal credit to: (i) 7.5% of the federal tax credit for taxable years ending in calendar year 2007; and (ii) 10% of the federal tax credit for taxable years ending in calendar year 2008 or thereafter. Effective immediately. Fiscal Note (Dept. of Revenue) In tax year 2005, the Earned Income Tax Credit reduced Illinois Income Tax Revenues by $60.5 million and required the expenditure of an additional $16.5 million in TANF moneys. If the rate had been equal to 7.5% of the federal credit, it would have reduced Illinois Income Tax revenues by $80 million and would have required the expenditure of $35 million in TANF moneys. If the rate had been equal to 10% of the federal credit, it would have reduced Illinois Income [...] show full description
Latest Action: 12/03/2007 - Pursuant to Senate Rule 3-9(b) / Referred to Rules Bill TextPROP TX-ALT HOMESTEAD EXEMPT Amends the Property Tax Code. Creates the Returning Veterans' Homestead Exemption, under which an exemption from the property's value is granted for residential property that is owned and occupied as a residence by a veteran for the tax year in which the veteran returns from active duty in an armed conflict involving the armed forces of the United States. In a Section concerning the Senior Citizens Homestead Exemption, provides that in all counties (now, in counties with less than 3,000,000 inhabitants), the county board may by resolution provide that if a person has been granted the homestead exemption, the person qualifying need not reapply for the exemption. In a Section concerning the alternative general homestead exemption, extends the alternative exemption by an additional 3 years. Provides that the maximum amount of the exemption is $60,000 if the general assessment year for the property is 2006 or later. Provides that the base year for counties [...] show full description
Latest Action: 10/01/2007 - Governor Approved Bill TextREVENUE-TECH Amends the Property Tax Code. Adds a Section concerning the assessment of certain timberland. Contains only a caption. Senate Floor Amendment No. 4 Deletes reference to: 35 ILCS 200/10-148 newAdds reference to: 35 ILCS 200/Art. 10 Div. 16 heading new35 ILCS 200/10-400 new show full description
Latest Action: 05/31/2007 - Rule 19(a) / Re-referred to Rules Committee Bill Text
JURIES-EARNED INCOME CREDIT
Amends the Illinois Income Tax Act. Provides that the Director of Revenue shall make available to the Administrative Office of the Illinois Courts, county boards, jury administrators, and jury commissions information concerning persons claiming an earned income tax credit under the Act. Amends the Jury Act and the Jury Commission Act. Adds persons claiming an earned income tax credit to the list of persons that may be on a jury list. Requires the jury administrator or jury commissioners in Cook County to compile a jury list every year (now, every 4 years). Amends the State Mandates Act to require implementation without reimbursement by the State.
Latest Action: 02/07/2007 - Added as Co-Sponsor Sen. Dan Rutherford Bill Text
LOC GOV-USE/OCC TAXES
Amends the Illinois Municipal Code. Provides that, with respect to municipal use and occupation taxes, the definition of "public infrastructure" includes public safety facilities and equipment. Effective immediately.
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Latest Legislation - View All
Latest Action: 11/20/2008 - Filed with the Clerk by Rep. Barbara Flynn Currie Bill Text
PROP TX-INSTALLMENTS
Amends the Property Tax Code. In a Section concerning property tax installments in counties with 3,000,000 or more inhabitants, provides that, beginning with taxes payable in 2009, the first installment shall be computed at 55% (instead of 50%) of the total of each tax bill for the preceding year. Effective immediately.
Latest Action: 11/20/2008 - Filed with Secretary by Sen. M. Maggie Crotty Bill Text
INC TX-COUNTY CIRCUIT BREAKER
Amends the Illinois Income Tax Act. In a Section concerning the residential tax credit, provides that an individual taxpayer shall be entitled to the credit only if the taxpayer's adjusted gross income for the taxable year is less than $250,000. Provides that the credit shall be limited to $1,000 for each individual taxpayer. Amends the State Finance Act. Creates the County Circuit Breaker Matching Grants Fund. Provides that, by June 30, 2009 and by June 30 of each year thereafter, the State Comptroller and the State Treasurer shall transfer from the General Revenue Fund to the Circuit Breaker Matching Grants Fund an amount equal to the amount of the difference between the 5% residential property tax credit for 2007 and the amount of the credit for that taxable year. Provides that moneys in the Fund shall be transferred to counties that create a property tax circuit breaker. Effective immediately.
Latest Action: 11/19/2008 - Referred to Rules Committee Bill Text
INC TAX-401(K)
Urges Congress to enact a 2-year suspension on the portion of the federal income tax code that penalizes participants in 401(k) programs who do not commence required minimum distributions during the year after the year that the participant reaches the age of 70 1/2.
Latest Action: 11/07/2008 - First Reading Bill Text
LOTTERY-SCHOOLS
Amends the Illinois Lottery Law. Creates the Lottery Supports Schools Fund. Provides that certain lottery revenues shall be deposited into the Fund. Provides that moneys in the fund shall be distributed to school districts based on the district's percentage of lottery sales. Amends the Illinois Income Tax Act. Beginning with the first taxable year after the taxable year in which a Management and Concession Agreement is entered into under the Illinois Lottery Law, increases the individual rate from 3% to 3.25% and the corporate rate from 4.8% to 5.2%. Provides that 100% of the net increase in collections shall be deposited into the Common School Fund. All changes are contingent upon Senate Bill 2595, as amended by House Amendment No. 4, becoming law. Effective immediately.
Latest Action: 09/23/2008 - First Reading Bill Text
HIGHWAY CD-MOTOR FUEL TAX
Amends the Illinois Highway Code. Provides that a municipality that is located partially or wholly in a county with a population greater than 500,000 but less than 3,000,000 under specified conditions may expend Motor Fuel Tax street or road funds (except Federal-aid funds) on streets or highways or sections of highways without prior review or approval of the Department of Transportation for routine maintenance activities as determined by the Department, including without limitation snow plowing, street cleaning, crack-sealing, and road patching; and routine and periodic roadway resurfacing activities (including grinding off the surface course of roads, but not involving expansions or reconstruction of more than 20% of the affected road bed). Effective immediately.
Latest Action: 09/08/2008 - First Reading Bill Text
REVENUE-SCHOOL SUPPLIES
Amends the Retailers' Occupation Tax Act, the Use Tax Act, the Service Use Tax Act, and the Service Occupation Tax Act. Provides that, during the period from August 22, 2008 through September 1, 2008 and again from the first Friday in August through the Sunday that occurs 9 days later in 2009 and each year thereafter, the tax imposed under the Acts on the selling price of certain school supplies, clothing, computers, and computer software shall be imposed at the rate of 1.25%. Sets forth the distribution of the proceeds. Amends the State Finance Act to make conforming changes. Effective immediately.
Latest Action: 09/08/2008 - First Reading Bill Text
INC TAX-TEACHER CREDIT
Amends the Illinois Income Tax Act. Provides that elementary and secondary school teachers are entitled to a credit under the Act in an amount equal to personal expenditures made by the teacher for teaching materials. Provides that the credit is limited to $500 or the individual's tax liability, whichever is less. Effective immediately.
Latest Action: 09/10/2008 - Referred to Rules Committee Bill Text
CONSTITUTIONAL CONVEN-ISSUES
Urges the General Assembly to limit the costs of a Constitutional Convention, if called, to $15,000,000. Urges that a Constitutional Convention should address topics including, but not limited to, tax fairness, equity, and progressivity, equitable financing of public education, and ethical standards in government.
Latest Action: 08/12/2008 - Filed with Secretary by Sen. Matt Murphy Bill Text
LOCAL GOV-HOME RULE TAXES
Amends the Home Rule County Retailers' Occupation Tax Law of the Counties Code and the Home Rule County Service Occupation Tax Law of the Counties Code. Provides that the maximum tax rate that is permitted under those Laws is 0.75%, unless a higher rate is authorized by referendum. Preempts home rule powers. Effective immediately.
Latest Action: 08/13/2008 - First Reading Bill Text
CNTY CD-HOME RULE TAX
Amends the Counties Code. Provides that the voters of a county that imposes a home rule county retailers' occupation tax and a home rule county service occupation tax may file a petition with the county board not more than 180 days after the effective date of the amendatory Act requesting that the question of whether the rate of those taxes should be reduced to 0.75% be submitted to the voters at the next general election. Provides that any increase in the rate of those taxes is subject to a back-door referendum. Preempts home rule powers. Effective immediately.
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