Rep. Jack D. Franks

Amends the Attorney General Act. Makes a technical change in the Section concerning the short title of the Act.

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that repair and replacement parts transferred as part of a goodwill repair of exempt farm machinery and equipment are also exempt from the taxes imposed under the Acts.

Amends the School Code. Makes a technical change in a Section concerning the School Code's construction.

Amends the Illinois Income Tax Act. In a Section granting a tax credit for residential real property taxes, provides that, for tax years beginning on or after January 1, 2015, if the taxpayer qualifies for the disabled persons' homestead exemption under the Property Tax Code, then the taxpayer is entitled to a credit equal to 10% (instead of 5%) of real property taxes paid by the taxpayer during the taxable year on the qualifying property. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Exempts the credit from the Act's automatic sunset provision. Effective immediately.

Creates the Pay It Forward, Pay It Back Act and amends the State Finance Act. Establishes, for 5 academic years, a program to provide loans to 400 eligible students per academic year to attend a public community college or university, to be repaid, in part, according to the income of the student borrowers. Provides that the Department of Revenue shall implement and administer the program. Creates the Pay It Forward, Pay It Back Program Fund as a special fund in the State treasury, with moneys used for the sole purpose of awarding program loans under the Act. Sets forth provisions governing the application process and loan repayment. Requires the Department to submit progress reports to the General Assembly. Effective immediately.

Creates the Redistricting Standards Act. Defines terms. Establishes procedures for preparations for redistricting plans, time tables for redistricting, and redistricting standards. Creates the Temporary Redistricting Advisory Commission. Repeals the Illinois Voting Rights Act of 2011 and the Redistricting Transparency and Public Participation Act.

Amends the Uniform Commercial Code. Makes a technical change in a Section concerning the short titles.

Amends the Employment of Strikebreakers Act. Makes a technical change in a Section concerning the short title.

Amends the State Records Act. Makes a technical change in a Section concerning the short title.

Creates the State Funds Consolidation Act. Creates the State Funds Consolidation Board that shall: (i) review and analyze the current structure of the State's funds held in the State Treasury; (ii) review the Auditor General's finding regarding the excessive number of State funds that are held by the State; (iii) review specific funds to determine if it would be beneficial to the State to consolidate certain funds into existing or new funds; and (iv) report any recommendations to the General Assembly, the State Comptroller, the Governor, and the State Treasurer on an annual basis. Provides for the membership of the Board. Repeals the Act on June 30, 2019. Effective immediately.