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| Public Act 097-0353 | ||||
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 1. Short title. This Act may be cited as the | ||||
Taxation Disclosure Act. | ||||
Section 5. Legislative purpose. The intent of the General | ||||
Assembly is to make citizen access to State and local tax rates | ||||
as open, transparent, and publicly accessible as is feasible. | ||||
Increasing the ease of public access to State and local tax | ||||
rates significantly contributes to governmental | ||||
accountability, public participation, and the understanding of | ||||
the cost of government services. Therefore, the General | ||||
Assembly directs the Department to create and maintain a | ||||
database of tax rates for taxing districts in the State. | ||||
Section 10. Definitions. As used in this Act, "Department" | ||||
means the Department of Revenue. | ||||
Section 15. Tax rate database. | ||||
(a) The Department shall make tax rate information publicly | ||||
available on its Internet website. The tax rate information | ||||
shall include rate information on income, property, use and | ||||
occupation, and excise taxes. | ||||
(b) Tax rate information for use and occupation taxes | ||
administered by the Department shall include the tax rate | ||
applicable in a municipality or the unincorporated area of a | ||
county and list the individual rates that comprise the | ||
aggregate rate in that municipality or in the unincorporated | ||
area of that county. | ||
(c) Beginning with the 2008 levy year, and for every | ||
subsequent levy year, tax rate information for property taxes | ||
shall include the name of each taxing district, a list of all | ||
funds for which taxes were extended and the corresponding tax | ||
rate for each fund, and the district's total tax rate. The | ||
Department may also include such other property tax information | ||
that it determines is necessary to achieve the purpose set | ||
forth in Section 5 of this Act. This information shall be made | ||
available in a viewable and downloadable format on the | ||
effective date of this Act and shall be updated on January 1 of | ||
each subsequent year with the most recent tax rate information | ||
available. | ||
(d) Tax rate information for income taxes shall include the | ||
individual income tax rate as well as the corporate income tax | ||
rate. This information shall be made available in a viewable | ||
and downloadable format on the effective date of this Act and | ||
shall be updated on January 1 of each subsequent year with the | ||
most recent tax rate information available. | ||
(e) Tax rate information for excise taxes shall include the | ||
statewide rates as well as local rates for taxes administered | ||
by the Department. This information shall be made available in | ||
a viewable and downloadable format on the effective date of | ||
this Act and shall be updated on January 1 and July 1 of each | ||
subsequent year with the most recent tax rate information | ||
available.
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Section 99. Effective date. This Act takes effect January | ||
1, 2012.
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