Congratulates Jacqueline "Jackie" Jackson on being named the 2024 Illinois Small Business Person of the Year by the U.S. Small Business Administration (SBA) Great Lakes region. Wishes her continued success.
Amends the Governmental Account Audit Act. In provisions requiring an annual audit by a governmental unit to be performed of all the accounts and funds of the governmental unit, provides that township accounts and funds audited under the provisions do not include road district accounts or funds. In provisions relating to the type of audit report a governmental unit must provide based upon whether the unit has revenue of less or more than $850,000, provides that township revenue shall be calculated exclusive of road district funds. Effective immediately.
Amends the School Construction Law. In provisions concerning early childhood construction grants, removes a provision that specifies that grants made in fiscal year 2024 may be made only to public school districts. Provides that a not-for-profit early childhood entity that rents or leases from another not-for-profit entity shall be considered an eligible entity. Effective immediately.
Amends the Consumer Legal Funding Act. Provides that, notwithstanding any other law, a consumer legal funding may be refinanced as authorized by rule. Provides that the Department of Financial and Professional Regulation shall publish first notice of a rule concerning the refinancing of consumer legal fundings in the Illinois Register in accordance with the Illinois Administrative Procedure Act within 120 days after the effective date of the amendatory Act. Authorizes the Department to adopt rules to permit the refinancing of consumer legal fundings. Makes conforming changes to contract disclosures.
Amends the Property Tax Code. In provisions concerning charitable exemptions granted to limited liability companies, removes a requirement that the limited liability company must be a disregarded entity for federal and Illinois income tax purposes.
Amends the Paid Leave for All Workers Act. Removes a provision that the Act shall not apply to any employee who is covered by a bona fide collective bargaining agreement with an employer that provides services nationally and internationally of delivery, pickup, and transportation of parcels, documents, and freight. Provides that the definition of "employee" does not include an employee as defined in the Federal Employers' Liability Act.
Creates the Music and Musicians Tax Credit and Jobs Act. Provides that the Department of Commerce and Economic Opportunity may award credits to qualified music companies. Creates the Music Education Scholarship Act. Provides that the Board of Higher Education may award scholarships to applicants who are enrolled in or accepted for admission to an associate, baccalaureate, or graduate degree program in music education and who agree to meet certain teaching obligations. Amends the Illinois Income Tax Act. Creates certain income tax credits for theater infrastructure projects. Amends the Live Theater Production Tax Credit Act. Renames the Act as the Live Music and Theater Production Tax Credit Act. Provides that the Act also applies to musical performances.
Amends the Chicago School District Article of the School Code. Prohibits, until February 1, 2027, the Chicago Board of Education from closing any attendance center within the school district that has selective admission requirements that are approved by the Board. Prohibits, until February 1, 2027, the Board from changing the standards for admission to any attendance center within the school district that has selective admission requirements that are approved by the Board. Provides that, notwithstanding any other provision of the Code, the Board may not take any action, until February 1, 2027, that results in a decrease in either the total amount or percentage of funds allocated to an attendance center within the school district that has selective admission requirements that are approved by the Board. Effective immediately.
Mourns the death of Cook County Clerk Karen Yarbrough.
Urges support for the Family Roots Genealogy Pilot Program as it provides African American descendants of enslaved individuals the opportunity to trace their roots back to their ancestral homelands, to reconnect with their ancestral heritage, and to promote their well-being.
