Sen. Pamela J. Althoff

Mourns the death of Ruth T. Nick of McHenry.

Mourns the death of Elizabeth Lorraine "Betty" Walker of Johnsburg.

Mourns the death of the Honorable Thomas A. Schermerhorn of Woodstock.

Mourns the death of Albert G. Hicks of Marengo.

Amends the Downstate Police and Fire Articles of the Illinois Pension Code in relation to employer contributions. Changes the funding formula by: (1) reducing the target funding ratio from 90% to 85%; (2) extending the amortization period to 2055; (3) changing the actuarial method from projected unit credit to entry age normal; and (4) deleting the "level percentage of payroll" calculation from the funding requirement. Also delays by 4 years the enforcement of late payments by intercepting State funds. Effective immediately.

Amends the Cigarette Machine Operators' Occupation Tax Act, the Cigarette Tax Act, the Cigarette Use Tax Act, the Tobacco Products Tax Act of 1995, the Hotel Operators' Occupation Tax Act, the Live Adult Entertainment Facility Surcharge Act, the Illinois Hydraulic Fracturing Tax Act, the Gas Revenue Tax Act, the Public Utilities Revenue Act, the Telecommunications Excise Tax Act, the Electricity Excise tax Act, the Bingo License and Tax Act, the Illinois Pull Tabs and Jar Games Act, the Charitable Games Act, the Liquor Control Act of 1934, the Environmental Protection Act, the Environmental Impact Fee Law, and the Drycleaner Environmental Response Trust Fund Act. Provides that, if a payment provided for under one of those Acts exceeds the taxpayer's liability under that Act, then the taxpayer may credit the excess payment against liability subsequently to be remitted to the Department of Revenue. Amends the Renewable Energy, Energy Efficiency, and Coal Resources Development Law of 1997 and the Energy Assistance Act to incorporate certain provisions of the Retailers' Occupation Tax Act.

Amends the Township Code. Removes a restriction requiring townships to possess an equalized assessed valuation of not less than $10,000,000 or 126 square miles. Further provides that after a vote or ordinance has approved the consolidation of a township, a county board may establish a new tax for the consolidated township or consolidated township and municipality. Amends the Property Tax Code making conforming changes.

Amends the Nurse Practice Act, which allows for the issuance of multistate licenses that allow nurses to practice in their home state and other compact states. Ratifies and approves the Nurse Licensure Compact. Provides that the Compact does not supersede existing State labor laws.

Mourns the death of Lawrence "Ken" Kensick of Crystal Lake.

Creates the Transforming, Helping, and Reviving Illinois' Versatile Economy (THRIVE) Job Creation Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity shall award the credit if the taxpayer meets certain criteria. Contains job creation and capital investment requirements. Provides that the credit may not exceed 50% of the incremental income tax attributable to the applicant's project. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.