New Illinois Laws 2019: Taxes, Revenue, Fees

Property Tax Code (SB 00585) - Makes changes to three different property tax sales fees: expands the automation fee that the purchaser pays each year for subsequent taxes; clarifies that the indemnity fee is set by the county collector and allows counties to charge less than the current rate of $20 per item purchased.

Procurement, Hubzone Contracts (SB 02675) - Allows chief procurement officers, in consultation with their agencies, the ability to establish rules regarding federally recognized HUBZone small businesses and their eligibility in receiving preferences.

Income Tax, Hunger Relief Fund (SB 02868) - Creates an income tax return checkoff for the Hunger Relief Fund.

Property Tax Notice (SB 03085) - Requires a notice for the judgment and sale of a drainage or retention basin serving a residential common to be given to each residential homeowner whose property is served by that basin.

Property Tax, Sale in Error (SB 03215) - Makes changes to provisions concerning sales in error in the Property Tax Code.

Income Tax Angel Investment (HB 05214) - DCEO initiative that is a trailer bill to their omnibus Angel Investment credit bill, SB 2012, which passed in spring of 2017. Revises definitions of “applicant” and “related member,” and clarifies the utilization timeline for "set-aside" credits.

Racing Board, Sports Wagering (SB 3125) - Extends the authorization for advance deposit wagering on horse racing to Dec. 31, 2022.

Multistate Use Tax (SB 03503) - Requires every facility that houses a circuit court room to include at least one lactation room or area for members of the public.