Synopsis As Introduced Amends the State Finance Act, the Illinois Income Tax Act, the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, the Telecommunications Excise Tax Act, and the Telecommunications Infrastructure Maintenance Fee Act. Provides for transfers from certain special funds of the State to the Tax Compliance and Administration Fund. Provides that those moneys shall be used, subject to appropriation, to fund additional auditors and compliance personnel at the Department of Revenue. Effective on the first day of the first calendar month to occur not less than 30 days after this Act becomes law.
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill. Creates the Use and Occupation Tax Reform Task Force for the purpose of conducting a study on modernizing State and local use and occupation taxes in Illinois. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Contains provisions concerning the location where a retail sale is deemed to have taken place in the case of: over-the-counter sales; sales of food, beverages, and other tangible personal property through a vending machine; and sales of minerals. Amends the Civic Center Code and the Metro-East Park and Recreation District Act to make conforming changes. Amends the Counties Code and the Illinois Municipal Code. Provides that tax rebate agreements entered into after the effective date of the amendatory Act are not valid until the municipality or county entering into the agreement completes and submits an electronic report to the Department of Revenue. Imposes penalties for failure to file the report. Effective immediately.
Replaces everything after the enacting clause. Reinserts the provisions of the bill as amended by House Amendment 2. Further amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the portion of the unobligated balance in the Tax Compliance and Administration Fund that exceeds $2,500,000 shall be transferred to the General Revenue Fund. Effective immediately.