Sen. Terry Link

Amends the Illinois Vehicle Code. Deletes language setting a limit of $2,000 on the liability of a renter for the theft of a rented motor vehicle. Provides that the renter's maximum liability is the fair market value of the vehicle, as determined by the customary market for the sale of the vehicle. Provides that, beginning June 1, 2005, the renter of a vehicle that is damaged shall be liable for the lesser of (i) the actual and reasonable costs that would have been incurred if the vehicle had been repaired or (ii) the fair market value of the vehicle before the damage occurred, as determined in the customary market for the retail sale of that motor vehicle. Effective immediately.

Amends the Workers' Compensation Act. Makes a technical change in a Section concerning the Industrial Commission's annual report to the Governor.

Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning notice.

Amends the Local Government Debt Reform Act. Defines "revenue source" to include any public building commission (PBC) lease rental base alternate tax levy. Defines "limited bonds" to include PBC leases and excludes other leases. Defines "public building commission rental base" as an amount equal to that portion of the extension for a taxing district for the 1999 levy year constituting an extension for payment of lease rentals under a PBC lease allocable to the retirement of bonds issued by the commission. Defines "public building commission lease rental base alternate tax levy" as a special purpose levy available to a unit of local government and authorized for the payment of limited bonds as a revenue source, which shall equal the PBC lease rental base less the amount of that base allocable to the payment of lease rentals under a PBC lease. Provides that a governmental unit is authorized to issue limited bonds payable from the debt service extension base or the PBC lease rental base, or both (now, payable from the debt service extension base only). Amends the Property Tax Extension Limitation Law in the Property Code. With respect to limited bonds and double-barrelled bonds issued under the Local Government Debt Reform Act, exempts from the tax caps in the taxing districts to which the law applied before the 1995 levy year special purpose extensions made for payment of principal and interest on bonds issued concerning PBC leases. Amends the Public Building Commission Act. In provisions concerning tax levies for PBC lease rental payments, provides that the tax levied may relate to the amount necessary to pay the annual rent under the lease or the PBC lease rental base (now, related only to the amount necessary to pay the annual rent under the lease). Provides that taxes are not required to be levied or extended in excess of the allocated portion of a PBC lease rental base. Amends the Counties Code. Includes within the exception for taxes levied to pay annual rent payments due under a lease entered into by the county with a Public Building Commission, payments made from the PBC lease rental base. Excludes taxes levied allocable to the PBC lease rental base tax levy and taxes levied to pay principal of and interest on limited bonds. Effective immediately.

Creates the Design-Build Procurement Act. Contains only a short title provision.

Amends the Electricity Excise Tax Law. Makes a technical change in a Section concerning the short title.

Amends the Telecommunications Infrastructure Maintenance Fee Act. Makes a technical change in a Section concerning books and records.

Amends the Cigarette Tax Act and the Home Rule Cigarette Tax Restriction Act. Makes technical changes in the short title Sections. Amends the Tobacco Products Tax Act of 1995. Makes technical changes in a Section concerning sales of tobacco products that are exempt from the tax imposed by the Act.

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Makes technical changes in a Section concerning revenue.

Amends the Messages Tax Act. Makes a technical change in a Section that states that the tax imposed by this Act is in addition to all other occupation or privilege taxes.