Rep. Chris Welch

Amends the Illinois Income Tax Act. Imposes a privilege tax at a rate of 20% on partnerships and S corporations engaged in the business of conducting investment management services, until such time as a federal law with an identical effect has been enacted. Provides for the determination of the tax due; defines "investment management services". Effective immediately.

Amends the Illinois Educational Labor Relations Act. Makes a technical change in a Section concerning the purpose of the Act.

Amends the Children with Disabilities Article of the School Code. Provides that an application for initial approval as a nonpublic special education facility shall be approved by the State Board of Education within 60 days after receipt of the application if the applicant has otherwise complied with the State Board's requirements for approval. Effective immediately.

Amends the Illinois Income Tax Act. Imposes a privilege tax on partnerships and S corporations engaged in the business of conducting investment management services. Provides that the tax shall be imposed at the rate of 20% of the fees calculated by reference to the performance of the investment portfolio funds and not from the investment itself. Defines "investment management services".

Amends the Illinois Municipal Code. Provides that the imposition of term limits by referendum, ordinance, or otherwise must be prospective. Provides that elective office held prior to the effective date of any term limit imposed by a municipality shall not prohibit a person otherwise eligible from running for or holding elective office in that municipality. Provides that term limits imposed in a manner inconsistent with the applicable provisions are invalid. Provides that these provisions apply to all term limits imposed by a municipality by referendum, ordinance, or otherwise passed on or after November 8, 2016. Limits home rule powers. Effective immediately.

Amends the Illinois Educational Labor Relations Act. Makes a technical change in a Section concerning rules.

Amends the Liquor Control Act of 1934. Provides that no license shall be issued or renewed on or after the effective date of the amendatory Act for the sale at retail of any alcoholic liquor within 1,000 feet of any school other than an institution of higher learning, mental health facility as defined under the Mental Health and Developmental Disabilities Code, or hospital operated by or under the authority of the United States Department of Veterans Affairs or the Illinois Department of Veterans' Affairs. Provides that this prohibition does not apply to hotels offering restaurant service, regularly organized clubs, or to restaurants, food shops, or other places where the sale of alcoholic liquor is not the principal business carried on, unless required by local ordinance. Makes a conforming change.

Amends the Revised Uniform Fiduciary Access to Digital Assets Act (2015). Deletes language requiring a representative of a decedent to provide a custodian with a finding by the court that disclosure of the content of electronic communications of the user would not violate 18 U.S.C. Section 2701 et seq., as amended, 47 U.S.C. Section 222, as amended, or other applicable law. Provides that a custodian shall disclose digital assets to the guardian of a person with a disability if the guardian gives the custodian specified documentation. Makes other changes. Effective immediately.

Amends the School Code. Makes a technical change in a Section concerning an early childhood education block grant.

Creates the Tuition Reduction Act. Beginning with the 2017-2018 academic year, requires each public university located in this State to reimburse its full-time resident undergraduate students a portion of the tuition charged in the form of a grant applied directly to a student's financial aid account. Provides that to determine the per-pupil grant amount, the university shall calculate the difference, if any, between the current fiscal year's aggregate appropriations to the university and fiscal year 2015's aggregate appropriations to the university and divide that amount by the number of students enrolled in the previous academic year. Provides that 50% of this calculation then equals the per-pupil grant amount, to be awarded to currently enrolled students to reduce their tuition costs (unless the current fiscal year's aggregate appropriations to the university are equal to or less than fiscal year 2015's aggregate appropriations). Requires each university to annually report updated estimates of the total amount in grants awarded in an academic year to the Governor and the appropriate committees of the General Assembly. Effective immediately.