SB 2696

Abstract

Creates the School Land and Capital Facilities Assessment Act. Sets forth procedures by which school districts may impose school impact fees. Prohibits other units of local government from imposing school impact fees. Preempts home rule powers. Provides that the Act does not apply to the Chicago school district. Amends the Property Tax Code, the Counties Code, and the Illinois Municipal Code to make corresponding changes. Amends the Property Tax Code. Creates the Citizens' Assessment Freeze Exemption, which is a homestead exemption in an amount equal to certain increases in the assessed value of real property. Sets forth procedures and requirements for the exemption. Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Requires the Department of Revenue to develop and implement a program to strengthen its collection of amounts due to the State under the Use Tax Act and the Retailers' Occupation Tax Act that are due to the State from sales of tangible personal property conducted over the Internet. Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that 80% of the revenue received from retail sales conducted over the Internet must be deposited into the Common School Fund, and sets forth requirements for the deposit and use of the moneys. Amends the Telecommunications Excise Tax Act. Exempts digital subscriber line services from the definition of telecommunications that are subject to the Act. Defines "digital subscriber line services". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.