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91_HR0123
LRB9106198MWdv
1 HOUSE RESOLUTION
2 WHEREAS, The Illinois corporate income tax is an
3 important component of State fiscal policy; and
4 WHEREAS, Public Act 90-613 moved Illinois from a
5 three-factor apportionment formula to a single sales factor
6 formula for taxable business income that is derived from
7 Illinois and one or more other states; and
8 WHEREAS, This change will affect State and local
9 government revenues and corporate and personal property tax
10 bases and rates, and may affect business investment decisions
11 and employment growth; and
12 WHEREAS, The legislative intent of Public Act 90-613 was
13 to create employment and business growth by providing tax
14 incentives to certain businesses through the use of the
15 single sales factor; and
16 WHEREAS, The impact of the change in creating new
17 manufacturing jobs in Illinois remains uncertain; therefore,
18 be it
19 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
20 NINETY-FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
21 there is created the Illinois Task Force on Corporate Tax
22 Accountability consisting of 7 members of the House of
23 Representatives; four members shall be appointed by the
24 Speaker of the House of Representatives, one of whom shall be
25 appointed the Chairperson by the Speaker of the House of
26 Representatives, and three members shall be appointed by the
27 Minority Leader of the House of Representatives, one of whom
28 shall be appointed the Minority Spokesperson by the Minority
29 Leader of the House of Representatives; and be it further
30 RESOLVED, That the Task Force shall meet at the call of
31 the Chairperson and act in an information gathering capacity;
-2- LRB9106198MWdv
1 securing expert witnesses from industry, labor, finance,
2 economics, and government; and be it further
3 RESOLVED, That the Task Force shall consider, but not be
4 limited to, the following:
5 (i) an examination of the reasons for the enactment of
6 the single sales factor;
7 (ii) the overall cumulative fiscal impact of the single
8 sales factor on State and local government revenues;
9 (iii) Illinois' current tax competitiveness position
10 vis-a-vis other states;
11 (iv) the measurable effect of the single sales factor on
12 corporate investment and employment growth; and
13 (v) the relative impact of tax expenditures on business
14 investment decisions; and be it further
15 RESOLVED, That the Task Force shall provide a written
16 report no later than January 1, 2000 to the House of
17 Representatives by filing copies of the report with the Clerk
18 of the House of Representatives.