Senate Sponsors: BURZYNSKI. House Sponsors: HULTGREN-RUTHERFORD-BRUNSVOLD-FRANKS-MOORE,ANDREA Short description: PUBLIC UTILITIES-EXCISE TAX Synopsis of Bill as introduced: Creates the Local Option School District Income Tax Act and amends the School Code, the State Finance Act, the Illinois Income Tax Act, and the Property Tax Code. Authorizes school districts by referendum to impose an income tax on individuals resident of the district. Provides that with referendum approval, the income tax shall be levied at an annual rate, adjusted each year, that will produce for distribution to the district in each calendar year an amount equal to the corresponding 50% reduction that is required to be made in the annual extension of the real property taxes that are levied by the district against residential property for educational, operations and maintenance, and transportation purposes and that are collected and distributed to the district in the same calendar year in which the corresponding income tax revenues are distributed. Provides for a referendum repeal of the tax. Provides for the manner of levying and collecting the tax and for deposit of the income tax revenues in the educational, operations and maintenance, and transportation funds of the district in proportion to the respective amounts by which the taxes in those funds are abated. Provides for disbursement of the tax to school districts by the State Treasurer. Amends the Property Tax Extension Limitation Law to exclude from the definition of "aggregate extension" school district levies made to cover amounts lost because of the repeal of the local income tax for schools as formerly imposed by the district under the Local Option School District Income Tax Act. Amends the State aid formula provisions of the School Code. Provides that the adoption or failure to adopt a local income tax for schools and any disbursement of funds or any tax abatement required under the Local Option School District Income Tax Act shall not affect the computation or distribution of State aid for school districts. Effective immediately. SENATE AMENDMENT NO. 1. Deletes reference to: 30 ILCS 105/5.490 new 30 ILCS 105/5.491 new 35 ILCS 5/512 35 ILCS 200/18-45 35 ILCS 200/18-182 new 35 ILCS 200/18-185 105 ILCS 5/18-8.05 Adds reference to: 20 ILCS 655/5.5 from Ch. 67 1/2, par. 609.1 35 ILCS 640/2-3 35 ILCS 640/2-4 220 ILCS 5/9-222 from Ch. 111 2/3, par. 9-222 220 ILCS 5/9-222.1A new Deletes everything. Amends the Public Utilities Act. Provides that, beginning August 1, 1998, a business enterprise that is certified as a High Impact Business by the Department of Commerce and Community Affairs is exempt from the tax imposed by the Electricity Excise Tax Law, if the High Impact Business is registered to self-assess that tax, and is exempt from any additional charges added to the business enterprise's utility bills as a pass-on of State utility taxes, to the extent the tax or charges are exempted by the percentage specified by the Department of Commerce and Community Affairs for State utility taxes, provided the business enterprise meets certain criteria. Amends the Illinois Enterprise Zone Act and the Electricity Excise Tax Law to reference the exemption for High Impact Businesses. Effective immediately. SENATE AMENDMENT NO. 2. In a subsection in the High Impact Business Section of the Enterprise Zone Act, adds an additional cross-reference for provisions under which high impact businesses located in federally designated foreign trade zones or sub-zones are also eligible for additional credits, exemptions, and deductions. In the Public Utilities Act, clarifies that the exemptions are from both the Electricity Excise Tax Law and the additional charges required to be stated on the bill by the Public Utilities Act. HOUSE AMENDMENT NO. 1. (Tabled April 15, 2000) Deletes reference to: 35 ILCS 640/2-3 35 IlCS 640/2-4 220 ILCS 5/9-222 220 ILCS 5/9-222.1A new Deletes everything. Amends the Illinois Enterprise Zone Act to make a technical change in a Section concerning the designation of "High Impact Businesses" in Illinois. Last action on Bill: PUBLIC ACT.............................. 91-0914 Last action date: 00-07-07 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 2 END OF INQUIRY Full Text Bill Status