Illinois General Assembly - Bill Status for SB1739

Amends the Illinois Income Tax Act. In provisions relating to business income of persons other than residents, for taxable years ending on or after December 31, 2008, provides that the sales factor for receipts from the sale of broadcasting services is determined based on audience or subscribers located in Illinois or, if that cannot be determined, by place of publication. Effective immediately.

Makes technical corrections.

Deletes everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Provides that, in the case of advertising revenue from broadcasting, the customer is the advertiser and the service is received in this State if the commercial domicile of the advertiser is in this State. Provides that certain provisions of the introduced bill apply to "recipients" of broadcasts (instead of "viewers"). Deletes a provision from the introduced bill providing that, if the place where the broadcasting service is received cannot be determined from the taxpayer's books and records, then gross receipts from the performance of broadcasting services shall be deemed to be received at the place of publication. Effective immediately.

Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill. Amends the Illinois Income Tax Act. In provisions relating to business income of persons other than residents, for taxable years ending on or after December 31, 2008, provides that the sales factor for receipts from the sale of broadcasting services is determined based on audience or subscribers located in Illinois or, if that cannot be determined, by place of publication. Amends a Section of the Property Tax Code concerning exemptions for charitable purposes. Provides that property that is entitled to an exemption under the Section shall not lose the exemption because the legal title is held by a limited liability company, so long as (i) the limited liability company's sole member or members are the institutions of public charity that actually and exclusively use the property for charitable and beneficent purposes; (ii) the limited liability company is deemed exempt from income tax liability by virtue of the Internal Revenue Code Section 501(c)(3) status of its sole member or members; and (iii) the limited liability company does not lease the property or otherwise use it with a view to profit. Effective immediately.

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