Maddy summarySB 642 makes a technical amendment to the Fair and Exposition Authority Reconstruction Act. The bill specifically modifies a section related to the short title of that Act.
Amends the Local Government Debt Reform Act. Provides that, in the case of bonds authorized to be issued under the School Code and approved by voters of Iroquois County Community Unit School District Number 9 in an April 2021 referendum, the bond approval, once obtained, remains for 10 years after the date of the referendum. Effective immediately.
Amends the Property Tax Code. Provides that the assessed value of residential property in any general assessment year shall not exceed the assessed value of the property in the last general assessment year multiplied by one plus the percentage change in the Consumer Price Index during the 12-month calendar year immediately preceding the general assessment year for which the reassessment is conducted. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.
Maddy summarySJR 16, titled "SMES/MSMES-YOUTH," is a legislative measure that encourages young people to consider career opportunities within the small to mid-sized manufacturing sector.
Reaffirms a dedication to supporting the efforts of small and midsize manufacturers across Illinois. Urges the small and the midsize manufacturing industries and other relevant stakeholders to form a task force to develop meaningful recommendations for addressing the needs of small and midsize manufacturers in Illinois. Reaffirms a commitment to championing initiatives that ensure the success of small and midsize manufacturers in Illinois.
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code as that Section exists on the effective date of the amendatory Act, including the inflation adjustment and including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.
Amends the Wildlife Code. Provides that, if the Department of Natural Resources is using its sharpshooting program to manage chronic wasting disease in a deer herd that is found in a specified area or county in the State and if no cases of that disease have been identified in that herd in the preceding 3 calendar years, then the Department shall end the use of that program to manage that disease in that area or county. Provides, however, that the program may be reinstituted within the area or county if chronic wasting disease is again identified in that herd.
Amends the Environmental Protection Act. Provides that, notwithstanding any provision of the Act, any rule adopted under the Act, or any term or condition in any permit issued under the Act, each natural gas-fired peaker power plant in the State may, to the extent allowed by federal law, be operated on up to a continuous basis beginning on the effective date of the amendatory Act and until 30 days after the date upon which the Illinois Environmental Protection Agency first posts on its website a notice that it has determined, based on data supplied to it annually by the Illinois Power Agency, that at least 21,000 MWe of new utility-scale renewable power generation capacity has been brought online in the State. Directs the Environmental Protection Agency to adopt any rules and to amend any existing permits as necessary to implement the provisions added by the amendatory Act. Effective immediately.
Amends the Public Utilities Act. Removes provisions prohibiting the construction of new nuclear power reactors with a nameplate capacity of more than 300 megawatts of electricity to be located within the State until the Illinois Emergency Management Agency and Office of Homeland Security finds that the United States Government has identified and approved a demonstrable technology or means for the disposal of high level nuclear waste.
Maddy summarySenate Resolution 427 is a commemorative resolution that officially mourns the passing of Charles James "Charlie" Kirk. It serves to acknowledge and honor his memory.
