Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, beginning on May 15, 2006 through September 15, 2006, with respect to motor fuel and gasohol the tax under the Acts is imposed at the rate of 1.25% (now, 6.25%). Effective immediately.
Amends the Illinois Income Tax Act. Provides that each motor fuel retailer who installs one or more new E85 ethanol fuel dispensing tank and pump combinations at his or her motor fuel retail store in Illinois during State Fiscal Year 2007 is entitled to a an income tax credit in the amount of $700. Provides that a motor fuel retailer is entitled to only one credit per retail store location. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, beginning on May 1, 2006 through May 31, 2006, with respect to motor fuel and gasohol, the tax under the Acts is imposed at the rate of 1.25% (now, 6.25%). Amends the Motor Fuel Tax Law. Provides that taxes are not imposed under the Act for the period beginning on May 1, 2006 and continuing through May 31, 2006. Effective immediately.
Amends the Election Code. Provides that a voter casting ballots in a primary election shall receive the ballots of all political parties, but may vote in the primary of only one political party (except that a voter may vote both statewide and local party ballots with respect to mutually exclusive portions of the ballots).
Amends the Illinois Vehicle Code. Provides that beginning on September 15, and through November 30, of each calendar year, State Police officers may not use portable scales to weigh vehicles transporting commodities or goods of production agriculture on non-interstate highways. Effective immediately.
Amends the Farm Mutual Insurance Company Act of 1986. Provides that, before a farm mutual insurance company may terminate a member's coverage, the company must notify the member of the proposed termination and provide the member a reasonable opportunity to review the reason for termination with a representative of the company and to challenge that reason.
Amends the Cigarette Tax Act, the Cigarette Use Tax Act, and the Tobacco Products Tax Act of 1995. Provides that, beginning on January 1, 2006, a distributor may deduct the amount of bad debts from the tax imposed under these Acts. Provides that "bad debt" means the taxes attributable to any portion of a debt owed to the distributor that is related to a sale of cigarettes or tobacco products subject to tax under these Acts, that is not otherwise deductible or excludable, that has become worthless or uncollectible, and that meets other criteria. Effective immediately.
Amends the General Assembly Compensation Act. Requires that the State Comptroller post the annual compensation of each General Assembly member on the Comptroller's website.
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that the State shall not appropriate or pay any State moneys to the Fund, the State Comptroller shall not approve payment of any State moneys to the Fund, and the Fund shall not accept any payment of State moneys for or during State fiscal years 2006, 2007, 2008, 2009, or 2010. Includes provisions regarding violation and repayment. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Amends the Illinois Income Tax Act. Sets forth procedures for calculating the deduction for the depreciation of property for which a bonus depreciation deduction was taken from the taxpayer's federal adjusted gross income. Effective immediately.
