Subject Index Taxation

In mid-May, Gov. Ryan signed the third and final piece of tax relief legislation enacted by the General Assembly during the spring session.

On January 14, 2000, the Illinois Department of Revenue adopted amendments to section 106 of the Illinois Administrative Code. 86 Ill Adm Code 106.

Public Act 91-649 permissively approves sales taxes for all nonhome rule municipalities. Previously, a nonhome rule municipality needed at least 130,000 inhabitants to pursue a sales tax, which effectively precluded most proposals.

On December 20, 1999, the Illinois Department of Revenue adopted emergency amendments and added new sections to section 500 of the Illinois Administrative Code. 86 Ill Adm Code 500.

On December 9, 1999, the Illinois Department of Revenue adopted a new section to section 120.5 of the Illinois Administrative Code. 86 Ill Adm Code 120.

Public Act 91-607 creates a state-administered “College Savings Pool” that provides federal tax benefits to participants.

On August 17, 1999, the Second District of the Illinois Appellate Court affirmed the trial court's decision to grant the plaintiff, First Presbyterian Church, an exemption from real property taxes for 1992 on a piece of property owned by the plain plaintiff.

On March 8, 1999, the Illinois Department of Revenue adopted several new subsections to section 106. 86 Ill Adm Code 106.

On December 21, 1998, the Department of Insurance enacted various new regulations specifying the calculation and applicability of certain taxes to insurance companies in Illinois.

Two additional conditions must be met before the state can hold mortgage lenders liable for delinquent property taxes.

On October 26, 1998 the Pollution Control Board adopted amendments to section 740 of its administrative rules. 35 Ill Adm Code 740.

Public Act 90-613 gradually changes the three-factor Illinois corporate income tax formula to a new formula based exclusively on instate sales.

This bill allows the director of the Department of Revenue to annually disclose a list of taxpayers who are delinquent in the payment of their tax liabilities collected by the Department of Revenue.

Subject to several conditions, the Director of Revenue may annually disclose a list of delinquent taxpayers' names, addresses, amounts owed, and other information.