Amends the General Assembly Compensation Act. Provides for the suspension of the payment of salary and all other financial remuneration provided under the Act to members of the General Assembly for legislative service until such time as the State Actuary files a written determination with the Index Division of the Office of the Secretary of State stating that a bill has been enacted that will reduce the unfunded accrued liabilities of the State-funded retirement systems, excluding the Judges Retirement System of Illinois, by an amount not less than the reduction in unfunded liabilities estimated by the Commission on Government Forecasting and Accountability to be achieved by Senate Bill No. 1 of the 98th General Assembly, as amended by House Committee Amendment No. 1 and House Floor Amendment No. 3. Effective July 1, 2013.
Sponsored bills
Amends the Property Tax Code. Creates a Township Property Tax Extension Freeze for the 2014 levy year for townships with a population of 100,000 or less that are located within a county that is subject to the Property Tax Extension Limitation Law. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
States the opinion of the Illinois House of Representatives that the proposed educational pension cost shift from the State of Illinois to local school districts, community colleges, and institutions of higher education is financially wrong.
States the belief that the Illinois Constitution should not be amended to permit a graduated income tax.
Amends the General Assembly Article of the Illinois Pension Code. Provides that no participant shall accrue service credit on or after January 14, 2015, and no member shall become a participant on or after January 14, 2015.
Amends the Illinois Income Tax Act. Provides that the research and development credit applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Increases the amount of the research and development credit by providing that the increase in qualifying expenditures shall be an increase over 50% (instead of 100%) of the average of the qualifying expenditures for each year in the base period. Effective immediately.
Requests that the Auditor General provide a complete list of the grants made by entities of the State of Illinois in FY'13 from funds paid by fees and taxes imposed on its residents.
Amends the Open Meetings Act. Provides that a request for review may be filed not later than 60 days after the alleged violation occurs or, if facts concerning the meeting are not discovered within the 60-day period, within 60 days of the discovery of the alleged violation (currently, within 60 days after the alleged violation). Effective immediately.
Proposes to amend the Executive Article of the Illinois Constitution. Eliminates the office of Lieutenant Governor, beginning with the term of office otherwise commencing in 2019. Effective upon being declared adopted.
Amends the Illinois Income Tax Act. Reduces the rate of tax to 3% for individuals, trusts, and estates and 4.8% for corporations. Makes corresponding changes concerning the distribution of tax proceeds. Removes a limitation providing that no net loss carryover deduction may exceed $100,000 for any taxable year ending on or after December 31, 2012 and prior to December 31, 2014. Provides that, if the State exceeds certain specified spending limitations, the Auditor General shall post a copy of the supplemental spending report on his or her website. Effective immediately.