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90_HJ0070
LRB9012364PTdv
1 HOUSE JOINT RESOLUTION
2 WHEREAS, Illinois corporate income taxes are an important
3 component of State fiscal policy; and
4 WHEREAS, Illinois corporate income tax expenditures
5 affect State and local government revenues, corporate and
6 personal property tax bases and rates, as well as business
7 investment decisions and employment growth; therefore, be it
8 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
9 NINETIETH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE
10 SENATE CONCURRING HEREIN, that there is created the Illinois
11 Task Force on Corporate Income Tax Reform; the Task Force
12 shall be composed of 16 members of the General Assembly: 4
13 members to be appointed by the Speaker of the House of
14 Representatives, one of whom shall be the Chairperson of the
15 House Committee on Revenue, 4 members to be appointed by the
16 President of the Senate, one of whom shall be the Chairperson
17 of the Senate Committee on Revenue, 4 members to be appointed
18 by the Minority Leader of the House of Representatives, one
19 of whom shall be the Minority Spokesperson of the House
20 Committee on Revenue, and 4 members appointed by the Minority
21 Leader of the Senate, one of whom shall be the Minority
22 Spokesperson of the Senate Committee on Revenue; in addition,
23 the Task Force shall include 12 ex officio non-voting
24 members: the Director of Commerce and Community Affairs or
25 his or her appointee, the Director of Revenue or his or her
26 appointee, the Director of Employment Security or his or her
27 appointee, the Comptroller or his or her appointee, and 8
28 public members appointed 2 each by the legislative leaders to
29 equally represent the areas of commerce, labor, education,
30 and local government; and be it further
31 RESOLVED, That the Task Force shall be co-chaired by one
32 member selected by the Speaker of the House of
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1 Representatives and one member selected by the President of
2 the Senate; that the Task Force shall meet at the call of the
3 co-chairpersons and act in a nonpartisan manner and in an
4 information gathering capacity, may secure expert witnesses
5 from industry, labor, finance, economics, government, and
6 education, shall receive the assistance of legislative staffs
7 and the Illinois Economic and Fiscal Commission, shall serve
8 without compensation, but expenses of the Task Force
9 members, witnesses, and staff related to public hearings
10 shall be reimbursed from appropriations made to the Illinois
11 Economic and Fiscal Commission; and be it further
12 RESOLVED, That the Task Force shall conduct a minimum of
13 4 public hearings between the adoption of this resolution and
14 December 31, 1998; that the subject of these hearings shall
15 include, but not be limited to, the following:
16 (a) an examination of the genesis and economic reasons
17 for enactment of each corporate income tax expenditure;
18 (b) the overall cumulative fiscal impact of these
19 expenditures on State and local government revenues;
20 (c) the historical and projected growth rates of current
21 Illinois corporate income tax expenditures;
22 (d) the effects of State imposed corporate income tax
23 expenditures on corporate personal property replacement tax
24 bases and tax revenues for local governments and public
25 schools;
26 (e) the impact of federal corporate income tax
27 expenditures on the starting point for computation of
28 Illinois taxable corporate income;
29 (f) Illinois' current tax competitiveness position
30 vis-a-vis other states;
31 (g) the measurable effect of State tax expenditure
32 policies on corporate investment and employment growth; and
33 (h) the relative impact of tax expenditures on business
34 investment decisions; and be it further
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1 RESOLVED, That the Task Force shall approve and provide
2 a final written report no later than January 7, 1999 to the
3 Governor, to the legislative leaders, and to the General
4 Assembly by filing copies of the report with the Clerk of the
5 House and the Secretary of the Senate; that the report shall
6 include:
7 (1) significant findings and recommendations approved by
8 a majority of the voting members;
9 (2) testimony from all witnesses appearing before the
10 Task Force;
11 (3) minutes from all Task Force meetings; and
12 (4) an appendix for individual Task Force members'
13 viewpoints; and that upon filing its report, the Task Force
14 is dissolved; and be it further
15 RESOLVED, That suitable copies of this resolution be
16 presented to the Speaker and Minority Leader of the House of
17 Representatives, to the President and Minority Leader of the
18 Senate, to the Directors of Revenue, Commerce and Community
19 Affairs, and Employment Security, to the Comptroller, and to
20 the Governor.