Amends the Property Tax Code. Provides that, if the cumulative amount paid in property taxes by a particular taxpayer for a particular parcel of homestead property equals or exceeds the selling price of that homestead property at the time the property was sold, transferred, or conveyed to the taxpayer, then that property is exempt from taxation until such time as the property is sold, transferred, or conveyed to another taxpayer. Effective immediately.
Sponsored bills
Amends the Regional Transportation Authority Act. Provides that on and after January 1, 2017, any fixed route public transportation services provided by or through the Commuter Rail Board shall be provided at a 50% discounted fare off the non-discounted adult fare to all students who present a valid student ID card issued within the previous 12 months by a college or university in the metropolitan region, or under such conditions as shall be prescribed by the Commuter Rail Board.
Amends the General Assembly Organization Act. Makes a technical change in a Section concerning the deposit of books, bills, documents, and papers with the Secretary of State.
Amends the Supreme Court Act. Makes a technical change in a Section concerning the powers of the Court.
Amends various Acts relating to the governance of State universities. Repeals provisions that permit the children of employees of a State university who have been employed by any one or by more than one State university for an aggregate period of at least 7 years to receive a 50% tuition waiver. Effective immediately.
Amends the Airport Authorities Act. Makes a technical change in a Section concerning the petition to set forth a tax rate.
Amends the Illinois Income Tax Act. Creates a deduction for individuals, trusts, and estates for certain qualified student loan payments made during the taxable year. Provides that the deduction is excluded from the Act's automatic sunset provisions. Effective immediately.
Proposes to amend the Legislature Article of the Illinois Constitution. Provides that a bill passed on or after the date of a general election but on or before the second Wednesday of January following the general election that would result in the increase of revenue to the State by an increase of a tax on or measured by income or the selling price of any item of tangible personal property or any service may become law only with the concurrence of three-fifths of the members elected to each house of the General Assembly.
Amends the Illinois Vehicle Code. Provides that a person who is 62 years of age or older at the time of a first violation for parking a vehicle with expired registration shall be subject to fines, penalties, fees, and costs not to exceed $25.
Opposes the consideration or passage of any income tax increase on the people of Illinois during any "lame duck" special session that may be called to meet on or after January 1, 2017 at any time prior to January 11, 2017.