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Would not impact any public pension fund or retirement system in Illinois.
State Debt Impact Note (H-AM 1) (Gov. Forecasting & Accountability)
Would not change the amount of authorization for any type of State-issued or State-supported bond, and therefore would not affect the level of State indebtedness.
Fiscal Note (Dept of Corrections)
Corrections Population Impact: None. Fiscal Impact: None.
Correctional Note (Dept of Corrections)
Corrections Population Impact: None. Fiscal Impact: None.
Land Conveyance Appraisal Note (H-AM 1)(Dept. of Transportation)
As there are no parcels of land being conveyed in this bill, there are no appraisals to be filed by the Department of Transportation.
Judicial Note (H-AM 1)(Admin Office of the Illinois Courts)
Would neither increase nor decrease the number of judges needed in the State.
Fiscal Note (H-AM 1) (State Comptroller)
The cost to the Office of the Comptroller would be minimal. Under the Act, the IOC would create and administer two special revenue funds and make transfers pursuant to appropriations. A reasonable estimate of new revenues in 2007 is $24 million to $30 million.
Home Rule Note (H-AM 1) (Dept. of Commerce & Economic Opportunity)
Does not pre-empt home rule authority.
State Mandates Fiscal Note (H-AM 1) (Dept. of Commerce & Economic Opportunity)
Creates a local government organization and structure mandate for which reimbursement of the increased cost to units of local government is not required under the State Mandates Act.
Because grants may only be made using these revenues, and because this revenue source is anticipated to support the administrative requirements of the Institute, the proposed legislation should not have an impact on the fiscal year 2006 budget or future year budgets. However, the creation of a grant program creates the expectation that grants to finish continuing research will continue to receive funding, even if the revenue source dedicated to funding these grants is insufficient. Use of general funds to support grant spending would constitute a structural impediment to a balanced budget.
Fiscal Note (H-AM 1) (Dept. of Revenue)
If the 6% on cosmetic medical procedures was in effect in 2004, it would have generated approximately $19,500,000 in tax revenues. The Department of Revenue would incur a one-time cost of approximately $250,000 to create a new return to implement the provisions of SB 2100. Additionally, the Department's Audit Bureau would need to hire between 10 and 15 auditors at a cost of approximately $500,000 to $750,000 per year and the Department's Collections Bureau would need to hire 4 Revenue Tax Specialists and 2 Field Collectors at a cost of approximately $180,000 per year.
Housing Affordability Impact Note (H-AM 1) (Housing Development Authority)
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