HB2457 103RD GENERAL ASSEMBLY

LRB103 25160 HLH 51499 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB2457

Introduced 2/15/2023, by Rep. William "Will" Davis

SYNOPSIS AS INTRODUCED:

35 ILCS 200/18-50.2

Amends the Property Tax Code. Provides that each taxing district that is required to collect and publish vendor information data shall compile that data into a report and submit that report to the Comptroller's Local Government Division for publication on the Comptroller's website. Effective immediately.

A BILL FOR

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Property Tax Code is amended by changing Section 18-50.2 as follows:

(35 ILCS 200/18-50.2)

Sec. 18-50.2. Vendor information reporting. Beginning in levy year 2022, each taxing district that has an aggregate property tax levy of more than $5,000,000 for the applicable levy year shall make a good faith effort to collect and electronically publish data from all vendors and subcontractors doing business with the taxing district as to: (1) whether the vendor or subcontractor is a minority-owned, women-owned, or veteran-owned business, as defined in the Business Enterprise for Minorities, Women, and Persons with Disabilities Act; and (2) whether the vendor or subcontractor holds any certifications for those categories or if they are self-certifying; if the vendor self-certifies, then the taxing district shall publish whether the vendor qualifies as a small business under federal Small Business Administration standards. At least once for each levy year, each taxing district that is required to collect and publish data under this Section shall compile that data into a report and submit that report to the Comptroller's Local Government Division for publication on the Comptroller's website. The Comptroller shall accept and publish those reports. This Section is a denial and limitation of home rule powers and functions under subsection (i) of Section 6 of Article VII of the Illinois Constitution on the concurrent exercise by home rule units of powers and functions exercised by the State.

The taxing district may use existing software to comply with this Section.

(Source: P.A. 102-265, eff. 8-6-21.)

Section 99. Effective date. This Act takes effect upon becoming law.