WELCH-CLAYBORNE. 35 ILCS 5/201 from Ch. 120, par. 2-201 35 ILCS 5/211 35 ILCS 105/3-5 from Ch. 120, par. 439.3-5 35 ILCS 105/3-55 from Ch. 120, par. 439.3-55 35 ILCS 110/3-5 from Ch. 120, par. 439.33-5 35 ILCS 110/3-45 from Ch. 120, par. 439.33-45 35 ILCS 115/3-5 from Ch. 120, par. 439.103-5 35 ILCS 120/2-5 from Ch. 120, par. 441-5 235 ILCS 5/8-2 from Ch. 43, par. 159 Amends the Illinois Income Tax Act. Provides that the rate reduction for certain foreign insurers applies to taxable years ending on or before June 30, 2004 (now, no sunset). Provides that the Economic Development for a Growing Economy Tax Credit is available only for tax years ending on or before June 30, 2004 (now, no sunset). Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides for a sunset of June 30, 2004 for exemptions for: certain personal property purchased through fundraising events for the benefit of a public or private elementary or secondary school; certain machines and parts for machines used in commercial, coin-operated amusement and vending business; certain medical-related computers and communications equipment sold to a lessor who leases the equipment to a hospital that has been issued an active tax exemption identification number; personal property sold to a lessor who leases the property to a governmental body that has been issued an active tax exemption identification number; and tangible personal property purchased from an Illinois retailer and destined for use or consumption outside Illinois (now, no sunset, except for tangible personal property destined for use or consumption outside Illinois which has a statutory sunset date). Amends the Liquor Control Act of 1934. Deletes provisions authorizing electronic filing of the tax and associated report by a manufacturer or distributor of alcoholic liquor. Effective immediately, except that the changes to the Liquor Control Act of 1934 take effect on July 1, 2004. FEB-07-2002 S FIRST READING FEB-07-2002 S ADDED AS A CHIEF CO-SPONSOR CLAYBORNE FEB-07-2002 S ADDED AS A CHIEF CO-SPONSOR OBAMA FEB-07-2002 S ADDED AS A CHIEF CO-SPONSOR LIGHTFORD FEB-07-2002 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2002 S SPONSOR REMOVED LIGHTFORD APR-03-2002 S SPONSOR REMOVED OBAMA JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary