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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 HB2457 Introduced 2/15/2023, by Rep. William "Will" Davis SYNOPSIS AS INTRODUCED: |
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Amends the Property Tax Code. Provides that each taxing district that is required to collect and publish vendor information data shall compile that data into a report and submit that report to the Comptroller's Local Government Division for publication on the Comptroller's website. Effective immediately.
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| | A BILL FOR |
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| | HB2457 | | LRB103 25160 HLH 51499 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 5. The Property Tax Code is amended by changing |
| 5 | | Section 18-50.2 as follows: |
| 6 | | (35 ILCS 200/18-50.2) |
| 7 | | Sec. 18-50.2. Vendor information reporting. Beginning in |
| 8 | | levy year 2022, each taxing district that has an aggregate |
| 9 | | property tax levy of more than $5,000,000 for the applicable |
| 10 | | levy year shall make a good faith effort to collect and |
| 11 | | electronically publish data from all vendors and |
| 12 | | subcontractors doing business with the taxing district as to: |
| 13 | | (1) whether the vendor or subcontractor is a minority-owned, |
| 14 | | women-owned, or veteran-owned business, as defined in the |
| 15 | | Business Enterprise for Minorities, Women, and Persons with |
| 16 | | Disabilities Act; and (2) whether the vendor or subcontractor |
| 17 | | holds any certifications for those categories or if they are |
| 18 | | self-certifying; if the vendor self-certifies, then the taxing |
| 19 | | district shall publish whether the vendor qualifies as a small |
| 20 | | business under federal Small Business Administration |
| 21 | | standards. At least once for each levy year, each taxing |
| 22 | | district that is required to collect and publish data under |
| 23 | | this Section shall compile that data into a report and submit |