Public Act 90-0317 of the 90th General Assembly
Public Act 90-0317
SB591 Enrolled LRB9002823LDdv
AN ACT to amend the Title Insurance Act by adding
Sections 3.1 and 15.1.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Title Insurance Act is amended by adding
Sections 3.1 and 15.1 as follows:
(215 ILCS 155/3.1 new)
Sec. 3.1. Public policy. It is declared to be the
public policy of this State, pursuant to subsection (h) of
Section 6 of Article VII of the Illinois Constitution of
1970, that any power or function set forth in this Act to be
exercised by the State is an exclusive State power or
function. Such power or function shall not be exercised
concurrently, either directly or indirectly, by any unit of
local government, including home rule units, except as
otherwise provided in this Act. The fees, charges, and taxes
provided for by this Act shall, as provided in Section 15.1
of this Act, be in lieu of all license fees or privilege or
occupation taxes or other fees levied or assessed by any home
rule unit.
(215 ILCS 155/15.1 new)
Sec. 15.1. No taxes to be imposed by political
subdivisions. The fees, charges, and taxes provided for by
this Act shall be in lieu of all license fees or privilege or
occupation taxes or other fees levied or assessed by any
municipality, county, or other political subdivision of this
State. No municipality, county, or other political
subdivision of this State shall impose any license fee or
privilege or occupation tax or fee upon any domestic,
foreign, or alien company, or upon any of its agents, for the
privilege of doing insurance business therein. This Section
shall not be construed to prohibit the levy and collection of
State, county, or municipal taxes upon the real and personal
property of the company, including the tax imposed by
subsections (c) and (d) of Section 201 of the Illinois Income
Tax Act. This Section 15.1 is declared to be a denial and
limitation of the powers of home rule units pursuant to
paragraph (g) of Section 6 of Article VII of the Illinois
Constitution of 1970.
Section 99. Effective date. This Act takes effect upon
becoming law.