Illinois General Assembly - Bill Status for SB2205

Deletes everything. Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, beginning July 1, 2004, the licensing of computer software is (i) construed as a "sale at retail" under the Use Tax Act and the Retailers' Occupation Tax Act and (ii) subject to tax under those Acts. Beginning July 1, 2004, includes certain customized software in the definition of "computer software" (now, such software is excluded from the definition). Defines "prewritten computer software" and provides that the transfer of such computer software is subject to tax. Amends the Service Use Tax Act and the Service Occupation Tax Act. Provides that, beginning July 1, 2004, the use of licenses of computer software is considered a use of tangible personal property. Provides that the transfer of licenses of computer software is considered the transfer of tangible personal property. Beginning July 1, 2004, exempts from the tax imposed prewritten computer software that is modified or enhanced if the enhancement or modification is designed and developed, according to Department of Revenue rules, to the specifications of a specific purchaser. Effective immediately.

Deletes everything after the enacting clause. Creates the FY2005 Budget Implementation (Education) Act. Amends the State Finance Act. Creates as federal trust funds in the State treasury (i) the SBE Federal Department of Education Fund to receive funds from the federal Department of Education, (ii) the SBE Federal Agency Services Fund to receive funds from all federal departments and agencies except the Departments of Education and Agriculture, and (iii) the SBE Federal Department of Agriculture Fund to receive funds from the federal Department of Education, all to be used for grants and contracts to local education agencies, colleges and universities, and other State agencies and for administrative expenses of the State Board of Education. Amends the School Code. In the Section concerning State testing, makes changes concerning which subjects students must be tested on. Provides that if the amount that the State Board of Education will pay to a school district from fiscal year 2005 appropriations, as estimated on April 1, 2005, is less than the amount that the State Board paid to the district from fiscal year 2004 appropriations, then the State Board shall make a fiscal year 2005 transitional assistance payment to the district in an amount equal to the difference between the estimated amount to be paid from fiscal year 2005 appropriations and the amount paid from fiscal year 2004 appropriations. In the State aid formula provisions, increases the foundation level of support. With regard to supplemental general State aid, provides that (i) for the 2004-2005 school year, the grant shall be no less than the grant for the 2002-2003 school year, (ii) for the 2005-2006 school year, the grant shall be no less than the grant for the 2002-2003 school year multiplied by 0.66, and (iii) for the 2006-2007 school year, the grant shall be no less than the grant for the 2002-2003 school year multiplied by 0.33. Amends the Higher Education Student Assistance Act. Provides that all money in the National Guard Grant Fund shall be used by the Illinois Student Assistance Commission (instead of the Department of Military Affairs) for the purposes of the Illinois National Guard Grant Program. Effective immediately.

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