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90_SB0591sam001
LRB9002823LDdvam01
1 AMENDMENT TO SENATE BILL 591
2 AMENDMENT NO. . Amend Senate Bill 591 by replacing
3 the title with the following:
4 "AN ACT to amend the Title Insurance Act by adding
5 Sections 3.1 and 15.1."; and
6 by replacing everything after the enacting clause with the
7 following:
8 "Section 5. The Title Insurance Act is amended by adding
9 Sections 3.1 and 15.1 as follows:
10 (215 ILCS 155/3.1 new)
11 Sec. 3.1. Public policy. It is declared to be the
12 public policy of this State, pursuant to subsection (h) of
13 Section 6 of Article VII of the Illinois Constitution of
14 1970, that any power or function set forth in this Act to be
15 exercised by the State is an exclusive State power or
16 function. Such power or function shall not be exercised
17 concurrently, either directly or indirectly, by any unit of
18 local government, including home rule units, except as
19 otherwise provided in this Act. The fees, charges, and taxes
20 provided for by this Act shall, as provided in Section 15.1
21 of this Act, be in lieu of all license fees or privilege or
-2- LRB9002823LDdvam01
1 occupation taxes or other fees levied or assessed by any home
2 rule unit.
3 (215 ILCS 155/15.1 new)
4 Sec. 15.1. No taxes to be imposed by political
5 subdivisions. The fees, charges, and taxes provided for by
6 this Act shall be in lieu of all license fees or privilege or
7 occupations taxes or other fees levied or assessed by any
8 municipality, county, or other political subdivision of this
9 State. No municipality, county, or other political
10 subdivision of this State shall impose any license fee or
11 privilege or occupation tax or fee upon any domestic,
12 foreign, or alien company, or upon any of its agents, for the
13 privilege of doing insurance business therein. This Section
14 shall not be construed to prohibit the levy and collection of
15 State, county, or municipal taxes upon the real and personal
16 property of the company, including the tax imposed by
17 subsections (c) and (d) of Section 201 of the Illinois Income
18 Tax Act. This Section 15.1 is declared to be a denial and
19 limitation of the powers of home rule units pursuant to
20 paragraph (g) of Section 6 of Article VII of the Illinois
21 Constitution of 1970.
22 Section 99. Effective date. This Act takes effect upon
23 becoming law.".