Amends the Election Code. Beginning on January 1, 2022, requires the treasurer of a political committee to preserve certain records and accounts required by the Code for a period of 7 years (rather than a period of 2 years). Includes in the reasons the State Board of Elections may order a political committee to conduct an audit of its financial records: (1) sworn testimony or sentence entered upon a plea of guilty by a candidate or political committee officer admitting to conduct constituting a violation of certain provisions of the Code, (2) conviction of a candidate or political committee officer for a crime relating to misuse of political committee funds or for certain violations of the Code, (3) failure to comply with a Board order requiring certain filings, or (4) filing of a statement of organization by a political committee composed of one or more officers of, or formed for the same purpose as, or for the support of the candidacy of the same person as, a former political committee that was administratively terminated by the Board in the last 24 months. Provides that for certain audits, the audit period shall be within the discretion of the Board but may not exceed 7 years from the close of the most recent reporting period. Effective immediately.
Sponsored bills
Amends the Illinois Income Tax Act. Increases the research and development credit by providing that the increase in research and development activities shall be based on an increase over 50% of the average of the qualifying expenditures for each year in the base period (instead of 100% of the average of the qualifying expenditures for each year in the base period). Provides that the research and development credit applies on a permanent basis. Effective immediately.
Amends the Criminal Code of 2012. Provides that a person who sells or gives any firearm to any person who has been convicted of a felony under the laws of Illinois or any other jurisdiction is guilty of a Class X felony for which he or she shall be sentenced to a term of imprisonment of not less than 10 years and not more than 30 years (rather than a Class 3 felony). Amends the Unified Code of Corrections. Provides that a period of probation, a term of periodic imprisonment, or conditional discharge shall not be imposed for the offense.
Amends the Illinois Income Tax Act. Creates an income tax deduction for an amount of up to $50,000 per tax year contributed to a small business asset purchase account and all interest earned on such accounts during the tax year. Provides that a "small business asset purchase account" means an account established by a taxpayer, the proceeds of which are used to purchase property used primarily in Illinois for which a federal income tax deduction is claimed under Section 179 of the Internal Revenue Code. Provides an addition modification for amounts withdrawn from a small business asset purchase account that are not used for qualified purchases. Amends the Uniform Penalty and Interest Act to establish a penalty for improper use of moneys in a small business asset purchase account. Effective immediately.
Authorizes the Director of the Department of Natural Resources to deliver a quitclaim deed for a portion of real property in Peoria County to the Village of Dunlap for $1, subject to specified conditions. Effective immediately.
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a taxing district shall reduce its aggregate extension base for the purpose of lowering its limiting rate for future years upon referendum approval initiated by the submission of a petition by the voters of the district. Provides that the extension limitation shall be: (a) the lesser of 5% or the average percentage increase in the Consumer Price Index for the 10 years immediately preceding the levy year for which the extension limitation is being calculated; or (b) the rate of increase approved by the voters. Effective immediately.
Amends the Firearms Restraining Order Act. Provides that a State's Attorney or assistant State's Attorney (rather than a petitioner) may request an emergency firearms restraining order by filing an affidavit or verified pleading alleging that the respondent poses an immediate and present danger of causing personal injury to himself, herself, or another by having in his or her custody or control, purchasing, possessing, or receiving a firearm. Provides that if the court issues an emergency firearms restraining order, it shall, based upon written application filed by the State's Attorney or assistant State's Attorney supported by evidence submitted under oath or affirmation, upon a finding of probable cause that the respondent possesses firearms, issue a search warrant directing a law enforcement agency to seize the respondent's firearms. Provides that an emergency firearms restraining order and a 6-month firearms restraining order shall require the firearm or firearms and Firearm Owner's Identification Card and concealed carry license, if unexpired, to be returned to the respondent if the firearms restraining order is not granted within 7 days. Effective immediately.
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 Election Code. Makes a technical change in a Section concerning expenses of conducting a primary election.
Amends the Compensation Review Act. Provides that members of the General Assembly are prohibited from receiving and shall not receive any increase in compensation that would otherwise apply based on a cost of living adjustment for terms commencing on or after January 1, 2023, unless otherwise approved by law. Effective immediately.