SB 1963

Abstract

Amends the Use Tax Act, the Service Use Tax Act, and the Service Occupation Tax Act to update a cross reference. Effective immediately. House Floor Amendment No. 2 Adds reference to: 35 ILCS 105/3-5 35 ILCS 110/3-5 35 ILCS 115/3-5 35 ILCS 120/2-5 35 ILCS 105/3-10 35 ILCS 105/3-40 from Ch. 120, par. 439.3-40 35 ILCS 105/3-44 35 ILCS 105/3-44.3 new 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 120/2-10 35 ILCS 120/2d from Ch. 120, par. 441d 35 ILCS 105/3-5 35 ILCS 110/3-5 35 ILCS 115/3-5 35 ILCS 120/2-5 35 ILCS 525/10-5 35 ILCS 525/10-10 35 ILCS 525/10-15 35 ILCS 525/10-25 35 ILCS 525/10-30 35 ILCS 525/10-35 35 ILCS 525/10-45 35 ILCS 525/10-50 35 ILCS 145/3 from Ch. 120, par. 481b.33 65 ILCS 5/8-11-2.5 65 ILCS 115/10-5.3 35 ILCS 5/228 35 ILCS 31/10 35 ILCS 31/20 20 ILCS 655/5.5 from Ch. 67 1/2, par. 609.1 35 ILCS 10/5-5 35 ILCS 10/5-15 220 ILCS 5/9-222.1A 35 ILCS 5/709.5 35 ILCS 5/1501 from Ch. 120, par. 15-1501 35 ILCS 5/220 20 ILCS 663/5 20 ILCS 663/20 20 ILCS 663/25 20 ILCS 663/45 20 ILCS 663/50 35 ILCS 5/204 from Ch. 120, par. 2-204 35 ILCS 105/3-87 35 ILCS 110/3-72 35 ILCS 115/9 from Ch. 120, par. 439.109 35 ILCS 120/3 from Ch. 120, par. 442 20 ILCS 686/20 20 ILCS 686/30 20 ILCS 686/40 20 ILCS 686/45 35 ILCS 130/2 from Ch. 120, par. 453.2 65 ILCS 5/8-11-1.4 from Ch. 24, par. 8-11-1.4 65 ILCS 5/8-11-1.5 from Ch. 24, par. 8-11-1.5 5 ILCS 100/5-45.36 new 35 ILCS 5/234 new 35 ILCS 120/4 from Ch. 120, par. 443 35 ILCS 128/1-45 35 ILCS 130/9a from Ch. 120, par. 453.9a 35 ILCS 135/13 from Ch. 120, par. 453.43 235 ILCS 5/8-5 from Ch. 43, par. 163a 35 ILCS 5/201 Replaces everything after the enacting clause. Amends the Use Tax Act, the Service Use Tax Act, and the Service Occupation Tax Act to update a cross reference. Makes changes concerning incentives for mid-range ethanol blends, gasohol, and majority blended ethanol fuel. Makes changes concerning an exemption for materials, parts, equipment, components, and furnishings incorporated into or upon an aircraft. Provides that the exemption for farm machinery and equipment also includes certain electrical power generation equipment. Makes changes concerning aviation fuel. Provides that amounts paid as taxes under those Acts shall be deemed assessed upon the date of receipt of payment. Amends the Hotel Operators' Occupation Tax Act. Provides that the tax shall not apply to gross rental receipts received from an entity that is organized and operated exclusively by an organization chartered by the United States Congress for the purpose of providing disaster relief. Amends the New Markets Development Program Act. Increases the annual cap on investments, and extends the sunset of the Act. Amends the Illinois Municipal Code. Makes changes concerning municipal tax review of public utilities. Amends the River Edge Redevelopment Zone Act. Provides that the Department of Commerce and Economic Opportunity may certify 2 additional pilot River Edge Redevelopment Zones in the City of Joliet and the City of Kankakee. Amends the Historic Preservation Tax Credit Act. Extends the sunset of the Act and provides for the authorization of additional credits. Amends the Parking Excise Tax Act. Makes changes concerning booking intermediaries. Amends the Illinois Income Tax Act. Makes changes concerning withholding for investment partnerships. Makes changes to the definition of "investment partnership". Creates a credit for individuals who serve as volunteer emergency workers. Makes changes concerning distributions to retired partners or shareholders under a retirement or disability plan. Amends the Cigarette Tax Act. Makes changes concerning the distribution of moneys collected pursuant to (i) the Cigarette Tax Act, (ii) the Cigarette Use Tax Act, and (iii) the tax imposed on little cigars under the Tobacco Products Tax Act of 1995. Amends the Illinois Municipal Code. Makes changes concerning the Non-Home Rule Municipal Use Tax Act and the Non-Home Rule Municipal Service Occupation Tax Act. Effective immediately.