Subject Index Taxation

Registration for real estate transfer taxes

March
2000
Illinois Law Update
, Page 128
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.

Gifts and POAs: Authorizing an Agent to Give Your Money Away

By Wendy M. Goode
February
2000
Article
, Page 100
A power of attorney without express language doesn’t allow for gifts, this author argues.

The Lawyer’s Journal

By Bonnie McGrath
January
2000
Column
, Page 10
Losing the right to a jury trial — is it malpractice?

State treasurer may create a college savings pool that involves financial institutions ; P.A. 91-607

January
2000
Illinois Law Update
, Page 16
Public Act 91-607 creates a state-administered “College Savings Pool” that provides federal tax benefits to participants.

The Environmental Remediation Tax Credit: A Primer

By Kathleen M. Hennessey
December
1999
Article
, Page 666
This new -- and underused -- state program helps developers finance brownfield cleanups.

Church property leased to entity for the sale and distribution of goods to the needy falls within tax exemption for property used for exclusively religious purposes.

October
1999
Illinois Law Update
, Page 521
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.

The Lawyer’s Journal

By Bonnie McGrath
July
1999
Column
, Page 348
Different rulings on the same-part-of-the-body rule.

Internet Filing for Illinois Income Tax Returns

May
1999
Illinois Law Update
, Page 244
On March 8, 1999, the Illinois Department of Revenue adopted several new subsections to section 106. 86 Ill Adm Code 106.

The Lawyer’s Journal

By Bonnie McGrath
March
1999
Column
, Page 126
The "Frye plus reliability'' standard.

New Tax Regulations

March
1999
Illinois Law Update
, Page 130
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.

An Illinois Lawyer’s Guide to Important Tax Aspects of Limited Liability Companies

By James A. Nepple
February
1999
Article
, Page 96
A review of state and federal tax consequences of LLC formation, operation, and termination.

Additional Conditions Apply to Delinquent Property Tax Liability of Mortgage Lenders; PA 90-575

January
1999
Illinois Law Update
, Page 13
Two additional conditions must be met before the state can hold mortgage lenders liable for delinquent property taxes.

Environmental Remediation and Tax Credit

January
1999
Illinois Law Update
, Page 13
On October 26, 1998 the Pollution Control Board adopted amendments to section 740 of its administrative rules. 35 Ill Adm Code 740.

Corporate Income Tax Formula and Individual Taxpayer Exemption Changed; P.A. 90-613

December
1998
Illinois Law Update
, Page 662
Public Act 90-613 gradually changes the three-factor Illinois corporate income tax formula to a new formula based exclusively on instate sales.

Delinquent Taxpayer Disclosure-HB 2671

December
1998
Illinois Law Update
, Page 662
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.

Reducing Real Estate Tax Assessments for Contaminated Property

By H. Alfred Ryan
December
1998
Article
, Page 680
Here's how to lower the property-tax bill for clients who own contaminated real estate.

Public Listing of Delinquent Taxpayers; PA 90-753

November
1998
Illinois Law Update
, Page 596
Subject to several conditions, the Director of Revenue may annually disclose a list of delinquent taxpayers' names, addresses, amounts owed, and other information.

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