SB0043eng 97TH GENERAL ASSEMBLY

  
  
  

 


 
SB0043 EngrossedLRB097 02864 PJG 42886 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the
5Taxation Disclosure Act.
 
6    Section 5. Legislative purpose. The intent of the General
7Assembly is to make citizen access to State and local tax rates
8as open, transparent, and publicly accessible as is feasible.
9Increasing the ease of public access to State and local tax
10rates significantly contributes to governmental
11accountability, public participation, and the understanding of
12the cost of government services. Therefore, the General
13Assembly directs the Department to create and maintain a
14database of tax rates for taxing districts in the State.
 
15    Section 10. Definitions. As used in this Act, "Department"
16means the Department of Revenue.
 
17    Section 15. Tax rate database.
18    (a) The Department shall make tax rate information publicly
19available on its Internet website. The tax rate information
20shall include rate information on income, property, use and
21occupation, and excise taxes.

 

 

SB0043 Engrossed- 2 -LRB097 02864 PJG 42886 b

1    (b) Tax rate information for use and occupation taxes
2administered by the Department shall include the tax rate
3applicable in a municipality or the unincorporated area of a
4county and list the individual rates that comprise the
5aggregate rate in that municipality or in the unincorporated
6area of that county.
7    (c) Beginning with the 2008 levy year, and for every
8subsequent levy year, tax rate information for property taxes
9shall include the name of each taxing district, a list of all
10funds for which taxes were extended and the corresponding tax
11rate for each fund, and the district's total tax rate. The
12Department may also include such other property tax information
13that it determines is necessary to achieve the purpose set
14forth in Section 5 of this Act. This information shall be made
15available in a viewable and downloadable format on the
16effective date of this Act and shall be updated on January 1 of
17each subsequent year with the most recent tax rate information
18available.
19    (d) Tax rate information for income taxes shall include the
20individual income tax rate as well as the corporate income tax
21rate. This information shall be made available in a viewable
22and downloadable format on the effective date of this Act and
23shall be updated on January 1 of each subsequent year with the
24most recent tax rate information available.
25    (e) Tax rate information for excise taxes shall include the
26statewide rates as well as local rates for taxes administered

 

 

SB0043 Engrossed- 3 -LRB097 02864 PJG 42886 b

1by the Department. This information shall be made available in
2a viewable and downloadable format on the effective date of
3this Act and shall be updated on January 1 and July 1 of each
4subsequent year with the most recent tax rate information
5available.
 
6    Section 99. Effective date. This Act takes effect January
71, 2012.