Amends the Home Rule County Retailers' Occupation Tax Law of the Counties Code and the Home Rule County Service Occupation Tax Law of the Counties Code. Provides that the maximum tax rate that is permitted under those Laws is 0.75%, unless a higher rate is authorized by referendum. Preempts home rule powers. Effective immediately.
Amends the Illinois Income Tax Act. Reinstates the research and development credit for taxable years ending prior to January 1, 2016 (now, January 1, 2011). Increases the amount of the research and development credit from 6.5% to 8% of the qualifying expenditures for increasing research activities in this State for taxable years ending on or after December 31, 2011. Effective immediately.
Amends the Toll Highway Act. Provides that the Authority may not increase toll rates without first obtaining authorization by joint resolution of the General Assembly.
Amends the Election Code. Provides that a vacancy in the office of U.S. Senator shall be filled at a special election. Provides for a temporary gubernatorial appointment until the special election is held. Effective immediately.
Amends the Property Tax Code. In a Section concerning the Senior Citizens Homestead Exemption, provides that in all counties (now, in counties with less than 3,000,000 inhabitants), the county board may by resolution provide that if a person has been granted a senior citizens homestead exemption, the person qualifying need not reapply for the exemption. Effective immediately.
Amends the Illinois Income Tax Act. Reduces the rate of tax imposed by Public Act 96-1496 to 3% for individuals, trusts, and estates and 4.8% for corporations (the rates in effect immediately prior to the effective date of Public Act 96-1496). Provides that the amendatory Act supersedes Public Act 96-1496 and that the rates shall be deemed to be 3% for individuals, trusts, and estates and 4.8% for corporations for the entire period beginning on the effective date of Public Act 96-1496 through the effective date of the amendatory Act and thereafter. Makes corresponding changes concerning the distribution of tax proceeds. Amends the Illinois Estate and Generation-Skipping Transfer Tax Act to reverse certain changes made by Public Act 96-1496. Effective immediately.
Amends the School Code. Makes a technical change in a Section concerning the School Code's construction.
Amends the Illinois Domestic Violence Act of 1986. Provides that any forms or materials prepared for persons not represented by counsel shall contain a prominent notice stating that false information stated in a sworn petition for an order of protection is subject to a perjury prosecution.
Amends the Fiscal Note Act. Makes a technical change in a Section concerning the vote upon the necessity of a fiscal note.
Directs the Auditor General to conduct a performance audit of the State moneys provided by or through the Illinois Violence Prevention Authority to the Neighborhood Recovery Initiative under contracts or grant agreements in Fiscal Year 2011. Provides that the audit shall include the purposes for which State moneys were provided to the Authority, the extent of monitoring by the Authority of the Initiative's use of State moneys, the actual use of State moneys by the Authority, and the number of positions paid through the Initiative. Provides that the Auditor General shall report the findings and recommendations of the audit in accordance with the provisions of the Illinois State Auditing Act.
