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| | SB0043 Engrossed | | LRB097 02864 PJG 42886 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 1. Short title. This Act may be cited as the |
| 5 | | Taxation Disclosure Act.
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| 6 | | Section 5. Legislative purpose. The intent of the General |
| 7 | | Assembly is to make citizen access to State and local tax rates |
| 8 | | as open, transparent, and publicly accessible as is feasible. |
| 9 | | Increasing the ease of public access to State and local tax |
| 10 | | rates significantly contributes to governmental |
| 11 | | accountability, public participation, and the understanding of |
| 12 | | the cost of government services. Therefore, the General |
| 13 | | Assembly directs the Department to create and maintain a |
| 14 | | database of tax rates for taxing districts in the State.
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| 15 | | Section 10. Definitions. As used in this Act, "Department" |
| 16 | | means the Department of Revenue.
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| 17 | | Section 15. Tax rate database. |
| 18 | | (a) The Department shall make tax rate information publicly |
| 19 | | available on its Internet website. The tax rate information |
| 20 | | shall include rate information on income, property, use and |
| 21 | | occupation, and excise taxes. |
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| | SB0043 Engrossed | - 2 - | LRB097 02864 PJG 42886 b |
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| 1 | | (b) Tax rate information for use and occupation taxes |
| 2 | | administered by the Department shall include the tax rate |
| 3 | | applicable in a municipality or the unincorporated area of a |
| 4 | | county and list the individual rates that comprise the |
| 5 | | aggregate rate in that municipality or in the unincorporated |
| 6 | | area of that county. |
| 7 | | (c) Beginning with the 2008 levy year, and for every |
| 8 | | subsequent levy year, tax rate information for property taxes |
| 9 | | shall include the name of each taxing district, a list of all |
| 10 | | funds for which taxes were extended and the corresponding tax |
| 11 | | rate for each fund, and the district's total tax rate. The |
| 12 | | Department may also include such other property tax information |
| 13 | | that it determines is necessary to achieve the purpose set |
| 14 | | forth in Section 5 of this Act. This information shall be made |
| 15 | | available in a viewable and downloadable format on the |
| 16 | | effective date of this Act and shall be updated on January 1 of |
| 17 | | each subsequent year with the most recent tax rate information |
| 18 | | available. |
| 19 | | (d) Tax rate information for income taxes shall include the |
| 20 | | individual income tax rate as well as the corporate income tax |
| 21 | | rate. This information shall be made available in a viewable |
| 22 | | and downloadable format on the effective date of this Act and |
| 23 | | shall be updated on January 1 of each subsequent year with the |
| 24 | | most recent tax rate information available. |
| 25 | | (e) Tax rate information for excise taxes shall include the |
| 26 | | statewide rates as well as local rates for taxes administered |