SB 1199

Abstract

Amends the Property Tax Code. Provides that a taxpayer who has been granted a homestead exemption for veterans with disabilities need not reapply if he or she has been found by the Department of Veterans' Affairs to be permanently and totally disabled. Provides when any change occurs in use or ownership of property that has been granted a homestead exemption for veterans with disabilities, the transferee shall notify the chief county assessment officer of the change in writing within 90 days. Provides that the chief county assessment officer shall ensure that, if the property ceases to qualify for the exemption as a result of the change in use or ownership, then the exemption shall be removed beginning with the next taxable year after the change occurs. House Committee Amendment No. 1 Deletes reference to: 35 ILCS 200/15-169 Adds reference to: 35 ILCS 200/1-55 Replaces everything after the enacting clause. Amends the Property Tax Code. Makes a technical change in a Section concerning the definition of "33 1/3%". House Floor Amendment No. 2 Deletes reference to: 35 ILCS 200/1-55 Adds reference to: 20 ILCS 605/605-1025 20 ILCS 607/3-20 35 ILCS 5/203 from Ch. 120, par. 2-203 35 ILCS 110/3-10 from Ch. 120, par. 439.33-10 35 ILCS 115/3-10 from Ch. 120, par. 439.103-10 35 ILCS 120/1 from Ch. 120, par. 440 35 ILCS 120/2-5 35 ILCS 120/3 from Ch. 120, par. 442 35 ILCS 185/5-5 35 ILCS 185/5-25 35 ILCS 200/10-390 Replaces everything after the enacting clause. Amends the Property Tax Code. Makes changes concerning the valuation of supportive living facilities to provide that the gross potential income must not exceed the maximum individual Supplemental Security Income (SSI) amount minus a resident's personal allowance, multiplied by the number of apartments authorized by the supportive living facility certification. Amends the Illinois Income Tax Act to make changes to the definitions of gross income, adjusted gross income, and taxable income to include certain Internal Revenue Code provisions related to net operating losses. Amends the Service Use Tax Act and the Service Occupation Tax Act. Extends the 1% rate of tax to food prepared for immediate consumption and transferred incident to a sale of service at a facility subject to the Assisted Living and Shared Housing Act or the Life Care Facilities Act. Amends the Retailers' Occupation Tax Act. Provides that, beginning January 1, 2020 and through December 31, 2020, sales of tangible personal property made by a marketplace seller over a marketplace for which tax is due but for which use tax has been collected and remitted to the Department of Revenue by a marketplace facilitator are exempt. Provides that the term "marketplace facilitator" does not include any person licensed under the Auction License Act, other than any person who is an Internet auction listing service. Amends the Leveling the Playing Field for Illinois Retail Act. Provides that certified service providers who collect and remit taxes on behalf of retailers may claim the retailers' discount with respect to those taxes. Provides that the retailer is not entitled to the discount with respect to those taxes. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Modifies provisions concerning data center investment. Provides that a "qualifying Illinois data center" means a new or existing data center that, among other requirements, certifies to the Department of Commerce and Economic Opportunity that it is carbon neutral or has attained specified certification within 2 years (currently, 90 days) after being placed in service. Amends the Brownfields Redevelopment and Intermodal Promotion Act. Extends the use of the South Suburban Brownfields Redevelopment Fund until 2022 (currently, 2021). Effective immediately. Judicial Note, House Floor Amendment No. 2 (Admin Office of the Illinois Courts) Based on a review of the bill, it has been determined that the proposed legislation would neither increase nor decrease the number of judges needed in the state of Illinois. Pension Note, House Floor Amendment No. 2 (Government Forecasting & Accountability) SB 1199, as amended by HA 2, will not impact any public pension fund or retirement system in the State of Illinois. Correctional Note, House Floor Amendment No. 2 (Dept of Corrections) This amendment has no fiscal impact or population impact on the department. State Debt Impact Note, House Floor Amendment No. 2 (Government Forecasting & Accountability) SB 1199, as amended by House Amendment 2, would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. Land Conveyance Appraisal Note, House Floor Amendment No. 2 (Dept. of Transportation) No land conveyances are included in Senate Bill 1199 House Amendment #2; therefore, there are no appraisals to be filed. Fiscal Note, House Floor Amendment No. 2 (Dept. of Revenue) Most of the provisions in the bill are expected to have limited to no fiscal impact except for the amendment to the Illinois Income Tax Act. Decoupling from provisions added to Section 172 and Section 461 of the Internal Revenue Code dealing with Net Operating Loss and Excess Business Losses, which were included in the federal CARES Act, will minimally prevent a reduction in revenue of $500 million. Balanced Budget Note, House Floor Amendment No. 2 (Office of Management and Budget) Please be advised that the Balanced Budget Note Act does not apply to Senate Bill 1199, as amended by House Amendment 2 as it is not a supplemental appropriation that increases or decreases appropriations. Under the Act, a balanced budget note must be prepared only for bills that change a general funds appropriation for the fiscal year in which the new bill is enacted. Home Rule Note, House Floor Amendment No. 2 (Dept. of Commerce & Economic Opportunity) This bill does not pre-empt home rule authority. State Mandates Fiscal Note, House Floor Amendment No. 2 (Dept. of Commerce & Economic Opportunity) This bill does not create a State mandate. Housing Affordability Impact Note, House Floor Amendment No. 2 (Housing Development Authority) This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence.