MCCARTHY-CROTTY-BROSNAHAN-SAVIANO-SCULLY, MCGUIRE, HOFFMAN, BUGIELSKI, FLOWERS, FRANKS, LANG, LYONS,JOSEPH, NOVAK, O'BRIEN, ZICKUS, BOLAND, MEYER, JONES,JOHN, ACEVEDO, LOPEZ AND MCKEON. (O'MALLEY) 35 ILCS 5/208.1 35 ILCS 5/208.2 new 35 ILCS 5/901 from Ch. 120, par. 9-901 Amends the Illinois Income Tax Act. Provides that an individual taxpayer who paid residential real property taxes in 1999 on the taxpayer's principal residence is entitled to a restructured rebate in an amount equal to 5% of those taxes originally due and paid in 1999 or $300, whichever is less, minus the amount of any rebate paid to the taxpayer as part of the original homeowner's tax relief rebate. Requires the Department of Revenue to provide application forms and make all rebate payments by May 1, 2001 out of the Homeowners' Tax Relief Fund. Effective immediately. STATE DEBT NOTE, H-AM 1 (Economic and Fiscal Commission) HB4738, as amended, would not affect the bonding authorization of the State, and, therefore, has no direct impact on the level of State indebtedness. HOUSE AMENDMENT NO. 1. Provides that before April 1, 2001, the Comptroller shall order transferred and the Treasurer shall transfer an additional $24,000,000 from the Tobacco Settlement Recovery Fund to the Homeowners' Tax Relief Fund. Subject to appropriation, the Department of Revenue shall make the restructured homeowners' tax relief rebate payments out of the Homeowners' Tax Relief Fund. Provides that the rebate applies to taxes paid on a taxpayer's "principal Illinois residence" (now "principal residence"). FISCAL NOTE, H-AM 1 (Department of Revenue) The Department cannot identify the number of Illinois property taxpayers that do not file an Illinois income tax return. Since there are too many reasons why an Illinois property taxpayer would not file a State income tax return, and an aggregate number of non-filers are not identifiable, the Department cannot determine the anticipated number of additional rebates to be paid, or the average rebate claimed. Despite the fact that $24 million is appropriated for this restructured rebate program, the potential exists for taxpayers to file more rebate claims than the Department is given expenditure authority for in this bill. STATE MANDATES NOTE, H-AM 1 (Department of Commerce and Community Affairs) This legislation does not create a State mandate. 00-09-25 H FILED WITH CLERK 00-09-25 H ADDED AS A JOINT SPONSOR CROTTY 00-09-25 H ADDED AS A CO-SPONSOR MCGUIRE 00-09-25 H ADDED AS A CO-SPONSOR SCULLY 00-10-31 H ADDED AS A CO-SPONSOR HOFFMAN 00-11-09 H FIRST READING 00-11-09 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-11-14 H ASSIGNED TO COMMITTEE REVENUE 00-11-14 H MOTION PREVAILED TO SUSPEND RULE 25 00-11-14 H COMMITTEE REVENUE 00-11-14 H ADDED AS A JOINT SPONSOR BROSNAHAN 00-11-14 H ADDED AS A JOINT SPONSOR MCGUIRE 00-11-14 H ADDED AS A JOINT SPONSOR SCULLY 00-11-14 H ADDED AS A CO-SPONSOR BRADLEY 00-11-14 H ADDED AS A CO-SPONSOR BUGIELSKI 00-11-14 H ADDED AS A CO-SPONSOR FLOWERS 00-11-14 H ADDED AS A CO-SPONSOR FRANKS 00-11-14 H ADDED AS A CO-SPONSOR LANG 00-11-14 H ADDED AS A CO-SPONSOR LYONS,JOSEPH 00-11-14 H ADDED AS A CO-SPONSOR NOVAK 00-11-14 H ADDED AS A CO-SPONSOR SAVIANO 00-11-15 H DO PASS/SHORT DEBATE 009-000-000 HREV 00-11-15 H PLACED CALENDAR 2ND READING-SHORT DEBATE 00-11-15 H AMENDMENT NO. 01-MCCARTHY 00-11-15 H AMENDMENT REFERRED TO HRUL 00-11-15 H SECOND READING-SHORT DEBATE 00-11-15 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 00-11-16 H AMENDMENT NO. 01-MCCARTHY 00-11-16 H RECOMMENDS BE ADOPTED HRUL/004-000-000 00-11-16 H JOINT-SPONSOR CHANGED TO SAVIANO 00-11-16 H ADDED AS A CO-SPONSOR CURRY,JULIE 00-11-16 H ADDED AS A CO-SPONSOR O'BRIEN 00-11-16 H ADDED AS A CO-SPONSOR ZICKUS 00-11-16 H ADDED AS A CO-SPONSOR BOLAND 00-11-16 H ADDED AS A CO-SPONSOR MCGUIRE 00-11-16 H FISCAL NOTE REQUESTED AS AMENDED BLACK 00-11-16 H STATE MNDT FISCAL NOTE RQSTD AS AMENDED BLACK 00-11-16 H ST DEBT IMPACT NOTE REQUESTED AS AMENDED BLACK 00-11-16 H ST DEBT IMPACT NOTE FILED AS AMENDED BY HOUSE AMEND #1 00-11-16 H AMENDMENT NO. 01-MCCARTHY 00-11-16 H ADOPTED 113-001-000 00-11-16 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 00-11-16 H ADDED AS A CO-SPONSOR MEYER 00-11-16 H ADDED AS A CO-SPONSOR JONES,JOHN 00-11-21 H ADDED AS A CO-SPONSOR CAPPARELLI 00-11-28 H FISCAL NOTE FILED AS AMENDED BY HOUSE AMEND #1 00-11-28 H STATE MNDT FISCAL NOTE FILED AS AMENDED BY HOUSE AMEND #1 00-11-28 H ADDED AS A CO-SPONSOR ACEVEDO 00-11-28 H ADDED AS A CO-SPONSOR LOPEZ 00-11-28 H ADDED AS A CO-SPONSOR MCKEON 00-11-28 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 00-11-28 H THIRD READING/SHORT DEBATE/PASSED 109-002-002 00-11-29 S ARRIVE IN SENATE 00-11-29 S PLACED CALENDAR ORDER OF FIRST READING 00-11-30 00-11-30 S CHIEF SPONSOR O'MALLEY 00-11-30 S FIRST READING 00-11-30 S REFERRED TO SENATE RULES COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary