Appropriates $2 from the General Revenue Fund to the Department of State Police for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Appropriates $2 from the General Revenue Fund to the Department of Commerce and Community Affairs for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Appropriates $2 from the General Revenue Fund to the Office of the Lieutenant Governor for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Appropriates $2 from the General Revenue Fund to the Supreme Court for its FY05 ordinary and contingent expenses. Effective July 1, 2004.
Amends the State Employees Group Insurance Act of 1971. Provides that long-term care facilities licensed under the Nursing Home Care Act may obtain group health coverage on a non-insured basis. Effective immediately.
Amends the Illinois Enterprise Zone Act. Requires the owners of all businesses that want to locate in an enterprise zone to disclose all of their landholdings within the enterprise zone. Provides that refusal to make the disclosure rescinds all enterprise zone tax incentives provided to the business. Amends the Public Officer Prohibited Activities Act. Requires disclosure of the identity of any member, shareholder, limited partner, or general partner entitled to receive any percentage (now, more than 7.5%) of the total distributable income of any limited liability company, corporation, or limited partnership having any interest in real property that is the subject of a contract by and between the State or any unit of local government or any State or local government agency. Provides that, if the interest, stock, or shares in a limited liability company, corporation, or general partnership is publicly traded and there is no readily known individual having any interest (now, greater than a 7.5% interest), then a statement to that effect will fulfill the disclosure statement requirement. Effective immediately.
Appropriates $2 from the General Revenue Fund to the Department of Agriculture for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Appropriates $2 from the General Revenue Fund to the Department of Revenue for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Appropriates $2 from the General Revenue Fund to the Board of Higher Education for its FY05 ordinary and contingent expenses. Effective July 1, 2004.
Amends the provisions of the State Revenue Sharing Act concerning personal property tax replacement income tax distributions. Provides that the Department of Revenue shall adjust the 1977 Tax Base of any taxing district located in any county in which, during the period between the ratification of the Illinois Constitution of 1970 and December 31, 1977, the supervisor of assessments reclassified property as real property that would have been classified as personal property immediately before the adoption of the Illinois Constitution of 1970. The adjusted 1977 Tax Base of the taxing district shall be determined without regard to that reclassification. Distributions shall be based on the revised 1977 Tax Base calculation. Amends the Illinois Income Tax Act. Provides a tax credit in an amount equal to the amount of real property tax paid in the taxable year for property, the property taxes on which are being cumulatively reduced to zero under the Property Tax Code. Amends the Property Tax Code. Provides that Stranded Property is property that would have been considered personal property for purposes of property taxation immediately before the adoption of the Illinois Constitution of 1970 but that is, on the effective date of this amendatory Act, taxed as real property. Provides that the Terminated Property Ratio is determined by dividing the 1977 assessed value of all Stranded Property in the County by the 2002 assessed value of all Stranded Property in the county. Provides that the assessed value of Stranded Property shall be reduced by its Terminated Property Ratio. Provides that Terminated Property is that portion of Stranded Property that has been reduced by the Terminated Property Ratio. Provides that, beginning on January 1, 2003, the supervisor of assessments shall cumulatively reduce the assessed value of Terminated Property to zero in 5% increments over a 20-year period. Preempts home rule. Effective July 1, 2003.
