HB 901 - Police and Fire Protection Tax
Amends the Illinois Municipal Code. Provides that beginning in taxable year 2000, a municipality may impose taxes for police and fire protection at a rate not to exceed .60% (the current rate is .40%) of the value of the taxable property in the municipality after holding a referendum. P.A. 91-299; effective 7-29-99.

HB 1334 - Government Lien Foreclosure
Amends the Property Tax Code. Provides that when a county or municipality acquires property through the foreclosure of a lien or through a judicial deed (now through the foreclosure of a lien or a judicial deed for demolition, repair, enclosure, or removal costs), all unpaid property taxes and existing tax liens are void. Provides that property taxes and existing liens become void when a county or municipality acquires property by acceptance of a deed of conveyance in lieu of foreclosing any lien (now in lieu foreclosing any receivership certificate lien or other lien). P.A. 91-305; effective 1-1-2000.

HB 1362 - Fire Protection District/Property Tax
Provides that an annexing municipality must pay real estate tax moneys to the fire protection district from which territory is annexed for a period of five years. Provides that the amount of real estate tax moneys paid to the fire protection district shall be an amount equal to a certain percentage of the real estate tax collected on the property in the disconnected territory by the fire protection district in the tax year immediately preceding the year in which the disconnection took effect. Provides that the moneys shall be paid on a sliding scale. P.A. 91-307; effective 1-1-2000.

SB 40 - Economic Development for a Growing Economy (Edge) Tax Credit
Creates the Economic Development for a Growing Economy Tax Credit. Provides that DCCA, in cooperation with the Department of Revenue, shall grant income tax credits to applicants creating new jobs in Illinois. The credit may be stated as a percentage of the new employees' income tax withholdings attributable to the applicant's project. The 10 percent county and municipal share of the Illinois income tax will be proportionately reduced by all income tax credits granted under the EDGE program. (1) Art. 5. Economic Development for a Growing Economy Tax Credit Act will appear at 35 ILCS 10/. (2) Art. 15. Illinois Business Regulatory Review Act will appear at 20 ILCS 3966/. (3) Art. 20. State and Regional Development Strategy Act will appear at 20 ILCS 695/. P.A. 91-476; effective 8-11-99.

SB 134 - Property Tax - Veterans Organization - EAV Freeze
Would freeze the assessed value of a primary VFW facility at 15% of the 1999 assured value. P.A. 91-635; effective 8-20-99.

SB 144 - Government Tax Reform Validation Act
Creates the Governmental Tax Reform Validation Act. Amends various Acts to re-enact or re-repeal the provisions of Public Act 85-1135 that related to taxation. Provides that all actions taken before the effective date of this Act in reliance on or pursuant to these provisions, as set forth in Public Act 85-1135 or subsequently amended, are validated. Creates a rebuttable presumption that certain actions were taken in reliance. Directs the Department of Revenue to apply P.A. 85-1135, as amended, when administering matters arising under that Act. Will appear at 35 ILCS 165/. P.A. 91-51; effective 6-30-99.

SB 145 - Water Revolving Fund
Amends and re-enacts Title IV-A of the Environmental Protection Act (originally enacted by Public Act 85-1135), relating to the Water Revolving Fund and loan programs for wastewater treatment facilities and public water supply projects. Validates actions taken in reliance on those provisions. Affirms obligations arising under loan agreements. Includes statements of findings and purpose. Also re-enacts and amends a related Section of the State Finance Act. Amends the Build Illinois Bond Act to re-authorize certain deposits into the Water Pollution Control Revolving Fund. P.A. 91-52; effective 6-30-99.

SB 376 - Cook County Truth-in-Taxation
Requires Cook County taxing districts, including home rule units, to disclose by publication and to hold a public hearing on their intention to adopt an aggregate levy. Sets uniform dates for the public hearings. P.A. 91-523; effective 1-1-2000.

SB 932 - Bond Issue Notification
Makes certain changes to the Bond Issue Notification Act, including provisions for the bond issue public hearing. Provides that the notice of the hearing shall be published not more than 30 (now 21) days before the hearing. P.A. 91-595; effective 8-14-99.

SB 1080 - Illinois First Implementation
This bill authorizes the making of loans and grants to units of local government out of the newly created Fund for Illinois' Future (the title for the fund receiving some of the bond and other proceeds for Illinois FIRST - Funding for Infrastructure, Roads, Schools and Transit). Amends the Build Illinois Act to authorize the making of loans and grants out of the fund for the Fund for Illinois' Future. P.A. 91-34; effective 7-1-99.