Amends the State Finance Act. In provisions concerning the Tobacco Settlement Recovery Fund, provides that in any civil litigation under any legal theory in which a judgment is entered against a signatory or a successor to a signatory of the Master Settlement Agreement, the appeal bond that the signatory or successor or another defendant may be required to post to stay execution on the judgment during the time that an appeal or discretionary review of the judgment is pending shall be set in accordance with the law and the rules of the court, except that in no case may the total amount of the appeal bond exceed $25,000,000, regardless of the total amount of the judgment. Authorizes a court order to prevent an appellant's dissipation or diversion of assets. Provides that these changes apply to any action pending on or after the effective date of this amendatory Act. Effective immediately.
Sponsored bills
Recommends the creation of the Nutrition Advisory Committee to recommend to the General Assembly school standards for nutrition.
Amends the Illinois Police Training Act. Requires full-time and part-time police officers to be licensed rather than certified. Makes related changes. Provides that the Board has the power to require local governmental units to furnish personnel rosters, employment status reports, and annual training plans to the Board. Effective immediately.
Amends the Property Tax Code. Provides that all property of a neighborhood redevelopment corporation organized under the Neighborhood Redevelopment Corporation Law that is acquired on or after the effective date of this amendatory Act of the 93rd General Assembly is exempt from property taxes. Amends the Neighborhood Redevelopment Corporation Law to add a similar provision.
Amends the Illinois Income Tax Act. Sets forth procedures to determine the source income of a nonresident individual who is a member of a professional athletic team. Effective immediately.
Creates the Tax Delinquency Amnesty Act. Provides that the Department of Revenue shall establish a tax amnesty program for delinquent taxes required to be collected by the Department to run for a period from October 1, 2003 though November 30, 2003 and to cover any taxable period ending prior to July 1, 2002. The Department shall not collect any interest or penalties on those taxes or pursue the taxpayer either by civil suit or criminal prosecution for those taxes if amnesty is granted to the taxpayer. Excludes taxpayers who are a party to any criminal investigation or to any pending civil or criminal litigation concerning the tax liability. Requires the Department to adopt rules. Provides that the money collected under the amnesty program (except for personal property tax replacement income tax collected) shall be deposited as follows: (i) one-half into the Common School Fund; (ii) one-half into the General Revenue Fund. Amends the Uniform Penalty and Interest Act. Provides that, if a taxpayer eligible for the amnesty program fails to satisfy the tax liability during the amnesty period, then the interest or penalty or both imposed by the Department on that tax liability shall be imposed in an amount that is 200% of the amount that would otherwise be imposed. Effective immediately
Amends the Illinois Municipal Code. Authorizes a municipality carrying out a business district development or redevelopment plan to impose a tax on the retail sale of tangible personal property and the sale or charge for a sleeping room, not to exceed 1% of the selling price of the tangible personal property or the charge for the sleeping room and only to be imposed in 0.25% increments. Requires a municipality imposing these taxes to follow certain additional procedures in applying for designation as a business district and approval of a business district development or redevelopment plan. Requires that the revenue generated by the tax be deposited into the municipality's Business District Tax Allocation Fund. Authorizes a municipality to issue obligations in one or more series bearing interest at rates determined by the corporate authorities of the municipality by ordinance and secured by the Business District Tax Allocation Fund. Requires the ordinance (i) to pledge any amounts in and to be deposited into the Business District Tax Allocation Fund for the payment of business district costs and obligations and (ii) to contain certain recitals. Authorizes the public or private sale of the obligations and the issuance of obligations to refund previously issued obligations. Upon payment of all business district costs, requires all surplus funds to be deposited into the general corporate fund. Requires the corporate authorities of the municipality to adopt an ordinance immediately rescinding the tax when all business district costs and obligations have been paid. Effective immediately.
Amends the Illinois Insurance Code. Removes the American Arbitration Association as the default arbitration organization in uninsured and hit an run motor vehicle policies and replaces it with a certified arbitration organization designated in the policy. Provides that all policies renewed, delivered, or issued for delivery shall designate an arbitration organization certified by the Director of the Illinois Department of Insurance. Provides criteria for the Department of Insurance to certify arbitration organizations.
Amends the Public Utilities Act. Adds a caption to a Section relating to local exchange telecommunications service.
Creates the Riverfront Redevelopment Corporation Act. Contains only a short title provision. Effective immediately.