Sen. Patrick Welch

Appropriates $2 from the General Revenue Fund to the Illinois Commerce Commission for its FY05 ordinary and contingent expenses. Effective July 1, 2004.

Amends the Environmental Protection Act. Provides that, if an insurance policyholder may be liable to the State or a unit of local government for costs of removal and remedial action relating to hazardous waste or pesticides under the Act or under any other law or ordinance establishing liability for environmental cleanup costs, the State or unit of local government may bring a cause of action against the policyholder's insurer for those costs if the insurance policy was issued before January 1, 1987, the policyholder has dissolved or is no longer in existence or cannot be found, and if the policyholder was a corporation, the policyholder dissolved more than 5 years before the action is commenced. Adds successors in interest as persons who may be notified of the insurer's intent to bring an action against the policyholder. Effective immediately.

Appropriates $2 from the General Revenue Fund to the Department of Nuclear Safety for its FY04 ordinary and contingent expenses. Effective July 1, 2003.

Appropriates $2 from the General Revenue Fund to the Department of Natural Resources for its FY04 ordinary and contingent expenses. Effective July 1, 2003.

Appropriates $2 from the General Revenue Fund to the Property Tax Appeal Board for its FY04 ordinary and contingent expenses. Effective July 1, 2003.

Appropriates $2 from the General Revenue Fund to the Department of Professional Regulation for its FY04 ordinary and contingent expenses. Effective July 1, 2003.

Makes appropriations to the Court of Claims for its ordinary and contingent expenses and for payment of claims. Effective July 1, 2004.

Appropriates $2 from the General Revenue Fund to the Department on Aging for its FY05 ordinary and contingent expenses. Effective July 1, 2004.

Amends the Illinois Income Tax Act. Removes a provision that requires a taxpayer to add to federal adjusted gross income, to arrive at base income for Illinois income tax purposes, distributions from a qualified tuition program under Section 529 of the Internal Revenue Code other than distributions from the College Savings Pool or the Illinois Prepaid Tuition Program to the extent those distributions were excluded from income in arriving at federal adjusted gross income. Amends the State Treasurer Act and further amends the Illinois Income Tax Act to allow an income tax deduction for moneys contributed in the taxable year to the College Savings Pool, the Illinois Prepaid Tuition Program, or to any other qualified tuition program under Section 529 of the Internal Revenue Code (now, deduction limited to College Savings Pool contributions). Effective immediately.

Appropriates $2 from the General Revenue Fund to the Office of the Governor for its FY05 ordinary and contingent expenses. Effective July 1, 2004.