102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2371

 

Introduced 2/17/2021, by Rep. Fred Crespo

 

SYNOPSIS AS INTRODUCED:
 
20 ILCS 2530/15

    Amends the Taxation Disclosure Act. Provides that each retailer that is required to collect and remit the tax imposed under the Retailers' Occupation Tax Act shall, in addition to other information included on the customer's receipt, include itemized line items on the customer's receipt detailing the use and occupation taxes imposed by each unit of local government.


LRB102 14476 HLH 19829 b

 

 

A BILL FOR

 

HB2371LRB102 14476 HLH 19829 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Taxation Disclosure Act is amended by
5changing Section 15 as follows:
 
6    (20 ILCS 2530/15)
7    Sec. 15. Tax rate database.
8    (a) The Department shall make tax rate information
9publicly available on its Internet website. The tax rate
10information shall include rate information on income,
11property, use and occupation, and excise taxes.
12    (b) Tax rate information for use and occupation taxes
13administered by the Department shall include the tax rate
14applicable in a municipality or the unincorporated area of a
15county and list the individual rates that comprise the
16aggregate rate in that municipality or in the unincorporated
17area of that county. Each retailer that is required to collect
18and remit the tax imposed under the Retailers' Occupation Tax
19Act shall, in addition to other information included on the
20customer's receipt, include itemized line items on the
21customer's receipt detailing the use and occupation taxes
22imposed by each unit of local government.
23    (c) Beginning with the 2008 levy year, and for every

 

 

HB2371- 2 -LRB102 14476 HLH 19829 b

1subsequent levy year, tax rate information for property taxes
2shall include the name of each taxing district, a list of all
3funds for which taxes were extended and the corresponding tax
4rate for each fund, and the district's total tax rate. The
5Department may also include such other property tax
6information that it determines is necessary to achieve the
7purpose set forth in Section 5 of this Act. This information
8shall be made available in a viewable and downloadable format
9on the effective date of this Act and shall be updated on
10January 1 of each subsequent year with the most recent tax rate
11information available.
12    (d) Tax rate information for income taxes shall include
13the individual income tax rate as well as the corporate income
14tax rate. This information shall be made available in a
15viewable and downloadable format on the effective date of this
16Act and shall be updated on January 1 of each subsequent year
17with the most recent tax rate information available.
18    (e) Tax rate information for excise taxes shall include
19the statewide rates as well as local rates for taxes
20administered by the Department. This information shall be made
21available in a viewable and downloadable format on the
22effective date of this Act and shall be updated on January 1
23and July 1 of each subsequent year with the most recent tax
24rate information available.
25(Source: P.A. 97-353, eff. 1-1-12.)