Public Act 097-0353
 
SB0043 EnrolledLRB097 02864 PJG 42886 b

    AN ACT concerning revenue.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 1. Short title. This Act may be cited as the
Taxation Disclosure Act.
 
    Section 5. Legislative purpose. The intent of the General
Assembly is to make citizen access to State and local tax rates
as open, transparent, and publicly accessible as is feasible.
Increasing the ease of public access to State and local tax
rates significantly contributes to governmental
accountability, public participation, and the understanding of
the cost of government services. Therefore, the General
Assembly directs the Department to create and maintain a
database of tax rates for taxing districts in the State.
 
    Section 10. Definitions. As used in this Act, "Department"
means the Department of Revenue.
 
    Section 15. Tax rate database.
    (a) The Department shall make tax rate information publicly
available on its Internet website. The tax rate information
shall include rate information on income, property, use and
occupation, and excise taxes.
    (b) Tax rate information for use and occupation taxes
administered by the Department shall include the tax rate
applicable in a municipality or the unincorporated area of a
county and list the individual rates that comprise the
aggregate rate in that municipality or in the unincorporated
area of that county.
    (c) Beginning with the 2008 levy year, and for every
subsequent levy year, tax rate information for property taxes
shall include the name of each taxing district, a list of all
funds for which taxes were extended and the corresponding tax
rate for each fund, and the district's total tax rate. The
Department may also include such other property tax information
that it determines is necessary to achieve the purpose set
forth in Section 5 of this Act. This information shall be made
available in a viewable and downloadable format on the
effective date of this Act and shall be updated on January 1 of
each subsequent year with the most recent tax rate information
available.
    (d) Tax rate information for income taxes shall include the
individual income tax rate as well as the corporate income tax
rate. This information shall be made available in a viewable
and downloadable format on the effective date of this Act and
shall be updated on January 1 of each subsequent year with the
most recent tax rate information available.
    (e) Tax rate information for excise taxes shall include the
statewide rates as well as local rates for taxes administered
by the Department. This information shall be made available in
a viewable and downloadable format on the effective date of
this Act and shall be updated on January 1 and July 1 of each
subsequent year with the most recent tax rate information
available.
 
    Section 99. Effective date. This Act takes effect January
1, 2012.

Effective Date: 1/1/2012