Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, beginning with assessments made for the 1997 assessment year and ending with assessments made for the 2002 assessment year, in addition to the appeals for residential property of 6 units or less, the Property Tax Appeal Board shall hear appeals for all other property (now, there is no end date for when PTAB will hear appeals for property other than residential property of 6 units or less). Includes in the definition of "new property" any additional assessed value, after final board of review action, resulting from a scheduled increase in the level of assessment for property classified as Classes 6 through 9 in the Cook County Real Property Assessment Classification Ordinance multiplied by the equalization factor issued by the Department of Revenue. Provides that, in counties with 3,000,000 or more inhabitants, upon the filing of a tax objection complaint which would reduce the assessed valuation of any property by more than $100,000, the plaintiff must give notice of the tax objection complaint to certain taxing districts. Requires the plaintiff to attach to the complaint a certification that notice to the taxing districts has been made. Provides that a court does not have jurisdiction to hear the complaint if proper certification of notice is not filed. Provides that, upon receipt of notice of the filing of a tax objection complaint, the taxing district has the unconditional right to intervene in the proceedings. Effective immediately.
Amends the Energy Assistance Act. Provides for a prioritization of State Weatherization Plan funds in favor of customers of systems that assess an Energy Assistance Charge.
Creates the Financial Transaction Review Act. Provides that financial service providers must inform clients in writing of the right to have an attorney review any transaction involving insurance or investment products with annual or initial payments in excess of $2,500. Sets forth the scope of the review. Requires disclosures regarding conflicts of interest. Provides for administration by the Department of Insurance.
Supports Major William Umbach and Major Harry Schmidt of the Illinois Air National Guard.
Names September 1-7, 2003 AMBER ALERT Week.
Recognizes March 31 as Cesar Chavez Day in Illinois and encourages public and private entities to celebrate that day.
Proclaims July 30, 2003 as the 150th birthday of Rochelle.
Creates the Energy Efficient Building Act. Establishes an Energy Efficient Building Code that shall apply to all new residential, commercial, and industrial buildings in this State. Provides for technical assistance to certain design professions to explain the requirements of the Code. Amends the State Finance Act to create the Energy Efficient Building Fund. Effective immediately.
Proclaims March 26, 2003 as the Fifth Annual Alpha Kappa Alpha Day throughout Illinois.
Amends the Housing Authorities Act. Makes a technical change in a Section concerning the determination of a tenant's income for the purpose of determining rent.
Amends the Consumer Fraud and Deceptive Business Practice Act. Provides that a credit reporting agency shall disclose specified information to the consumer concerning their credit and shall make a written disclosure informing consumers of their rights. Provides that the credit reporting agency list its name and number in each telephone directory published to serve communities in this State. Provides that a credit reporting agency shall not impose a charge for specified disclosures.
Amends the Illinois Marriage and Dissolution of Marriage Act. Provides, for computing child support, that expenditures that represent reasonable and necessary expenses in the listed categories be deducted from net income (instead of deducting expenditures for the repayment of debts that represent reasonable and necessary expenses).
