92nd General Assembly
Summary of SB2212
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Senate Sponsors:
PETERSON-CLAYBORNE.

House Sponsors:
BEAUBIEN-CURRIE-SCHOENBERG-PARKE-BASSI

Short description: 
INCOME TAX-VARIOUS                                                         

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Removes  the  exclusion  for      
   money and other benefits, other than salary, received by a driver in a      
   ridesharing  arrangement  using a motor vehicle from the definition of      
   "net income" and provides instead for an exemption from the income tax      
   for that amount.  Provides for a deduction  of  dividends  paid  by  a      
   corporation  that  conducts  business operations in an enterprise zone      
   and conducts substantially all of its operations in an enterprise zone      
   (now, does not conduct operations other than in an  enterprise  zone).      
   Provides  that the State Board of Education shall certify school youth      
   vocational programs as qualifying TECH-PREP programs (now,  the  State      
   Board  of  Education and the Department of Revenue certify).  Provides      
   that employers must report changes affecting federal income  taxes  if      
   the  change  affects the amount of compensation subject to withholding      
   by the employer.  Provides that a  taxpayer  who  has  an  annual  tax      
   liability  of $200,000 or more shall make payments by electronic funds      
   transfer. Makes changes with respect  to  notices  of  deficiency  and      
   claims  for refund concerning extensions by agreement and decreases in      
   net loss.  Changes a provision concerning the withholding  of  tax  on      
   payments to a resident by a payor maintaining an office or transacting      
   business  within this State to state that "payor maintaining an office      
   or transacting  business  within  this  State"  includes  any  agency,      
   officer,  or employee of this State or of any political subdivision of      
   this State. Provides that for each taxable year beginning on or  after      
   January  1, 2002, a taxpayer may make an irrevocable election to treat      
   all income other than compensation as business  income.   Makes  other      
   changes. Effective immediately.                                             
        HOUSE AMENDMENT NO. 2.                                                 
          Adds reference to:                                                   
          35 ILCS 200/9-195                                                    
          35 ILCS 200/15-60                                                    
          65 ILCS 5/8-11-6                from Ch. 24, par. 8-11-6             
          30 ILCS 805/8.26 new                                                 
        Amends the  Property  Tax  Code.  Provides  that  notwithstanding      
   language  allowing  the  taxation  of  property  that  is  owned  by a      
   municipality and located within its incorporated limits but leased  to      
   an  entity  whose  property  is  not  exempt,  all property owned by a      
   municipality that is used for toll road or toll  bridge  purposes  and      
   that  is  leased  for  those purposes to another whose property is not      
   exempt shall remain exempt, and any leasehold interest in the property      
   shall not be subject to taxation under  the  provisions  of  the  Code      
   governing  the  taxation of exempt property that is leased. Amends the      
   Home Rule Municipal Use  Tax  Act  in  the  Illinois  Municipal  Code.      
   Provides  that  in  home  rule  municipalities  with 2,000,000 or more      
   inhabitants, the tax on any item of tangible personal property,  other      
   than tangible personal property titled or registered with an agency of      
   the  State's  government,  that is purchased at retail from a retailer      
   located outside the corporate limits  of  the  municipality  shall  be      
   collected  from  the  purchaser  (now,  shall  be  collected  from the      
   purchaser or the retailer). Amends the State Mandates Act  to  require      
   implementation without reimbursement from the State.                        
        HOUSE AMENDMENT NO. 3.                                                 
        Amends new  language  providing  that,  notwithstanding  language      
   allowing  the taxation of property that is owned by a municipality and      
   located within its incorporated limits but leased to an  entity  whose      
   property  is  not exempt, all property owned by a municipality that is      
   used for toll road or toll bridge purposes  and  that  is  leased  for      
   those  purposes  to  another whose property is not exempt shall remain      
   exempt, and any leasehold  interest  in  the  property  shall  not  be      
   subject  to  taxation  under  the provisions of the Code governing the      
   taxation of exempt property that is leased. Provides that the language      
   applies to municipalities with a population over 500,000.                   
 
Last action on Bill: PUBLIC ACT.............................. 92-0846

   Last action date: AUG-23-2002

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   2     SENATE -   0


   END OF INQUIRY 
                                                                               



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