Amends the Interstate Mutual Emergency Aid Act. Makes a technical change in a Section concerning the short title.
Sponsored bills
Amends the Illinois Income Tax Act. Makes changes concerning the federal depreciation deduction and net operating losses to restore provisions that were in effect prior to Public Act 102-16. Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that no tax shall be imposed under the Act for persons dying on or after the effective date of the amendatory Act or for transfers made on or after the effective date of the amendatory Act. Amends the Business Corporation Act of 1983. Provides that provisions imposing a franchise tax on corporations are repealed on December 31, 2024. Provides that, on or after January 1, 2022 and prior to January 1, 2023, the first $10,000 in liability is exempt from the franchise tax. Provides that, on or after January 1, 2023 and prior to January 1, 2024, the first $100,000 in liability is exempt from the franchise tax. Effective immediately.
Amends the Election Code. Makes a technical change in a Section concerning the short title.
Declares November 7, 2021 as Victims of Communism Memorial Day.
Amends the Illinois Highway Code. Makes a technical change in a Section concerning the short title.
Amends the Private College Act and the Academic Degree Act. Exempts a religious institution from the Board of Higher Education's educational requirements, standards, or demands under the Acts and Part 1030 of Title 23 of the Illinois Administrative Code if the religious institution meets certain conditions. Senate Floor Amendment No. 1 In the statement in promotional materials and student enrollment forms, provides that complaints pertaining to the exemption may be directed to the Office of the Attorney General (rather than the Illinois Board of Higher Education at www.ibhe.org).
Amends the Cigarette Use Tax Act. Makes a technical change in a Section concerning the short title.
Amends the Illinois Income Tax Act. Provides that the additional standard exemption for taxpayers who have attained the age of 65 before the end of the taxable year and spouses of such taxpayers is $2,000 for taxable years beginning on or after January 1, 2022 (currently, $1,000). Effective immediately.
Amends the Tobacco Accessories and Smoking Herbs Control Act. Makes a technical change in a Section concerning the short title.
Amends the Illinois Gambling Act. Makes a technical change in a Section concerning the short title.