LEGISLATIVE COMMITTEE

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Legislative Update - November 6th

March Webcast PowerPoint

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Links:

Illinois 95th General Assembly Legislation

http://www.ilga.gov/legislation/default.asp

Illinois Municipal League Legislative Page

http://www.iml.org/dbs/legislative/

Illinois Association of Park Districts legislative update

http://www.ilparks.org/publicpolicy_prioritybills_2007.htm

Government Finance Officers Association 2007 Legislative Agenda

http://www.gfoa.org/flc/documents/2007legagendafinal.pdf (pdf)

Legislative Alert SB1429
Streamlined Sales Tax

The Streamlined Sales Tax (SST) bill, SB1429, as presented, is intended to level the playing field between retail merchants and internet sales. Once passed, Illinois would then join the interstate compact and at that point new sales tax revenues from internet sales could be realized through voluntary compliance by approximately 1,500 retailers nationally.

In order for the State of Illinois to become a member of the SST interstate compact, the State would need to change from “point of sales” to “destination” sourcing.

The concept of being able to capture sales tax from internet sales is one that the National GFOA supports and the GFOA is actually a member of the Streamlined Sales Tax Board which was structured to implement SST nationally.

Changing from “point of sale” to “destination” sourcing will generate winners and losers for municipalities throughout the State (the State itself will not be impacted). Learn about SB 1429
  

What can you do?

Review your sales tax generators and revenues to determine what the impact of this bill could mean to your municipality.

Contact your local legislators to let them know what the impact of SB1429 would be to your municipality and ask them to work towards developing a mitigation plan that properly addresses the impacts of all municipalities.

Learn More About Streamlined Sales Taxes:

GFOA Issue Brief:  Taxation of Remote Sales (pdf)

National Governors Association Report:  State and Local Sales Tax Revenue Losses from E-Commerce (pdf)

Sudan Divestment Law Update

SB 1169 Signed by Governor - August 28, 2007

SB 1169 Passes both Houses - Awaiting Governor's Action - May 31, 2007

Senator Collins legislation passes both Houses; however, local pension funds are removed from the provisions of the bill.

SB 1169 Passes the State Senate - Sitting in Rules Committee - April 9, 2007

SB 1169, sponsored by Illinois State Senator Jacqueline Collins, continues to moved to the House after passing in the Senate 54-2.

State Senator Collins Introduces Amendment with Sudan Divestment Language - March 26, 2007

Illinois State Senator Jacqueline Collins filed Senate floor amendment 1 and 2 to SB 1169.  The amendments contain Sudan divestment language and have been referred to the Rules.  To view the text of the amendments - Click Here.

Senator Durbin Introduces Sudan Divestment Bill - March 8, 2007

US Senator Dick Durbin introduced a bill that would provide support for state and local government divestment efforts in Sudan.  To read the press release for Senator Durbin's website click here.  To view the status of S. 831 click here and search for S. 831.  The IGFOA continues to track developments in the Sudan Divestment debate at the Hot Topics Page.

Sudan Bill Declared Unconstitutional - February 23, 2007

The Sudan Divestiture Act, which prohibited pension funds from investing in companies with ties to Sudan, was declared unconstitutional by a Federal District Court on Friday, February 23.  For more information on the breaking news, click here.