OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

HB 3859 - Requires Publication of Reduced Tax Rates under the EDGE Program - Illinois Key Vote

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Title: Requires Publication of Reduced Tax Rates under the EDGE Program

Signed by Governor Pat Quinn


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Title: Requires Publication of Reduced Tax Rates under the EDGE Program

Vote Smart's Synopsis:

Vote to pass a bill that requires publication of reduced tax rates under the EDGE Program.

Highlights:

  • Requires any county or municipality that enters into an agreement to share or rebate any portion of retailers' occupation taxes to file a report with the Department of Revenue within 30 days of the agreement (Secs. 10 & 15).
  • Requires the report to disclose certain details, including, but not limited to, the following (Secs. 10 & 15):
    • The terms of the tax agreement;
    • The name of any business that directly or indirectly receives the reduced tax rates; and
    • How the amount of retailer’s occupation tax being shared, rebated, or refunded is calculated each year.
  • Requires the Department of Revenue to publish a redacted agreement report on its website no more than 6 months after its receipt (Secs. 10 & 15).

Full Bill Text

Title: Requires Publication of Reduced Tax Rates under the EDGE Program

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