SB 485

Abstract

Amends the State Finance Act. Makes a technical change in a Section concerning the short title. Senate Floor Amendment No. 1 Deletes reference to: 30 ILCS 105/1.1 Adds reference to: 5 ILCS 420/4A-101 from Ch. 127, par. 604A-101 30 ILCS 5/3-1 from Ch. 15, par. 303-1 30 ILCS 105/8.25 from Ch. 127, par. 144.25 30 ILCS 105/8.25f from Ch. 127, par. 144.25f 30 ILCS 355/2 from Ch. 85, par. 1392 30 ILCS 750/1-3 from Ch. 127, par. 2701-3 35 ILCS 105/9 from Ch. 120, par. 439.9 35 ILCS 110/9 from Ch. 120, par. 439.39 35 ILCS 115/9 from Ch. 120, par. 439.109 35 ILCS 120/3 from Ch. 120, par. 442 35 ILCS 130/29 from Ch. 120, par. 453.29 35 ILCS 145/3 from Ch. 120, par. 481b.33 35 ILCS 145/6 from Ch. 120, par. 481b.36 65 ILCS 5/8-3-13 from Ch. 24, par. 8-3-13 65 ILCS 5/8-3-14 from Ch. 24, par. 8-3-14 65 ILCS 5/8-3-14a 65 ILCS 5/11-74.3-6 70 ILCS 210/1 from Ch. 85, par. 1221 70 ILCS 210/2 from Ch. 85, par. 1222 70 ILCS 210/3 from Ch. 85, par. 1223 70 ILCS 210/5 from Ch. 85, par. 1225 70 ILCS 210/5.4 70 ILCS 210/10.3 new 70 ILCS 210/13 from Ch. 85, par. 1233 70 ILCS 210/13.1 from Ch. 85, par. 1233.1 70 ILCS 210/13.2 from Ch. 85, par. 1233.2 70 ILCS 210/14 from Ch. 85, par. 1234 70 ILCS 210/23.1 from Ch. 85, par. 1243.1 70 ILCS 210/24 from Ch. 85, par. 1244 70 ILCS 210/25.1 from Ch. 85, par. 1245.1 70 ILCS 210/25.4 70 ILCS 215/2 from Ch. 85, par. 1250.2 70 ILCS 215/3 from Ch. 85, par. 1250.3 70 ILCS 215/8 from Ch. 85, par. 1250.8 70 ILCS 508/40 70 ILCS 520/8 from Ch. 85, par. 6158 70 ILCS 525/2008 from Ch. 85, par. 7508 70 ILCS 530/8 from Ch. 85, par. 7158 70 ILCS 535/8 from Ch. 85, par. 7458 70 ILCS 1560/1 from Ch. 105, par. 327v6 70 ILCS 1560/2 from Ch. 105, par. 327v7 70 ILCS 3205/19 from Ch. 85, par. 6019 235 ILCS 5/6-15 from Ch. 43, par. 130 735 ILCS 30/10-5-10 was 735 ILCS 5/7-102 735 ILCS 30/15-5-15 735 ILCS 30/20-5-5 was 735 ILCS 5/7-103 735 ILCS 30/25-7-103.27 was 735 ILCS 5/7-103.27 Replaces everything after the enacting clause. Amends the Metropolitan Pier and Exposition Authority Act. Changes the name of the Act and Authority to the Metropolitan Public Exposition Authority Act and the Metropolitan Public Exposition Authority. Provides that the Authority may enter into installment payments contracts or lease purchase agreements for specified purposes. In provisions regarding the Metropolitan Public Exposition Authority's ability to levy taxes on persons engaged in the business of selling tangible personal property at retail, changes the areas in which the tax may be imposed and prohibits the tax from being imposed on any food, alcoholic beverage, or soft drink sold at a stadium or arena having a seating capacity in excess of 20,000 and used primarily for the purpose of holding sports and amusement events. Increases specified bonding authority of the Authority from $2,850,000,000 to $3,450,000,000. Increases the minimum contract amount requiring a contract to be competitively bid or require a request for proposal. Makes other changes relating to minority-owned, women-owned, and veteran-owned businesses and contractors, contracts for professional services, and contracts entered into pursuant to the Governmental Joint Purchasing Act. Amends various Acts, Laws, and Codes making conforming changes concerning the Act's title and Authority's name. Amends the State Finance Act, Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act. Increases the amounts that may be deposited into the McCormick Place Expansion Project Fund through the year 2036 (currently, through 2032), allowing for increases each fiscal year thereafter that bonds are outstanding, but not after fiscal year 2070 (currently, 2060). Effective immediately.