Senate Sponsors: PETERSON-CLAYBORNE. House Sponsors: BEAUBIEN-CURRIE-SCHOENBERG-PARKE-BASSI Short description: INCOME TAX-VARIOUS Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Removes the exclusion for money and other benefits, other than salary, received by a driver in a ridesharing arrangement using a motor vehicle from the definition of "net income" and provides instead for an exemption from the income tax for that amount. Provides for a deduction of dividends paid by a corporation that conducts business operations in an enterprise zone and conducts substantially all of its operations in an enterprise zone (now, does not conduct operations other than in an enterprise zone). Provides that the State Board of Education shall certify school youth vocational programs as qualifying TECH-PREP programs (now, the State Board of Education and the Department of Revenue certify). Provides that employers must report changes affecting federal income taxes if the change affects the amount of compensation subject to withholding by the employer. Provides that a taxpayer who has an annual tax liability of $200,000 or more shall make payments by electronic funds transfer. Makes changes with respect to notices of deficiency and claims for refund concerning extensions by agreement and decreases in net loss. Changes a provision concerning the withholding of tax on payments to a resident by a payor maintaining an office or transacting business within this State to state that "payor maintaining an office or transacting business within this State" includes any agency, officer, or employee of this State or of any political subdivision of this State. Provides that for each taxable year beginning on or after January 1, 2002, a taxpayer may make an irrevocable election to treat all income other than compensation as business income. Makes other changes. Effective immediately. HOUSE AMENDMENT NO. 2. Adds reference to: 35 ILCS 200/9-195 35 ILCS 200/15-60 65 ILCS 5/8-11-6 from Ch. 24, par. 8-11-6 30 ILCS 805/8.26 new Amends the Property Tax Code. Provides that notwithstanding language allowing the taxation of property that is owned by a municipality and located within its incorporated limits but leased to an entity whose property is not exempt, all property owned by a municipality that is used for toll road or toll bridge purposes and that is leased for those purposes to another whose property is not exempt shall remain exempt, and any leasehold interest in the property shall not be subject to taxation under the provisions of the Code governing the taxation of exempt property that is leased. Amends the Home Rule Municipal Use Tax Act in the Illinois Municipal Code. Provides that in home rule municipalities with 2,000,000 or more inhabitants, the tax on any item of tangible personal property, other than tangible personal property titled or registered with an agency of the State's government, that is purchased at retail from a retailer located outside the corporate limits of the municipality shall be collected from the purchaser (now, shall be collected from the purchaser or the retailer). Amends the State Mandates Act to require implementation without reimbursement from the State. HOUSE AMENDMENT NO. 3. Amends new language providing that, notwithstanding language allowing the taxation of property that is owned by a municipality and located within its incorporated limits but leased to an entity whose property is not exempt, all property owned by a municipality that is used for toll road or toll bridge purposes and that is leased for those purposes to another whose property is not exempt shall remain exempt, and any leasehold interest in the property shall not be subject to taxation under the provisions of the Code governing the taxation of exempt property that is leased. Provides that the language applies to municipalities with a population over 500,000. Last action on Bill: PUBLIC ACT.............................. 92-0846 Last action date: AUG-23-2002 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0 END OF INQUIRY Full Text Bill Status