Sen. Dan McConchie

Amends the Counties Code, Township Code, and Illinois Municipal Code. Provides that a disabled veteran or the disabled veteran's caregiver shall not be charged any building permit fee for improvements to the residence of the disabled veteran if the improvements are required to accommodate a disability of the veteran. Provides that the paperwork required to obtain a building permit must still be submitted. Limits home rule powers. Effective January 1, 2024.

Amends the Illinois Pension Code. Requires the State Employees' Retirement System of Illinois to prepare and implement a defined contribution plan by July 1, 2025 that aggregates State and employee contributions in individual participant accounts that are used for payouts after retirement. Provides that a Tier 1 or Tier 2 participant may irrevocably elect to participate in the defined contribution plan instead of the defined benefit plan and may also elect to terminate all participation in the defined benefit plan and to have a specified amount credited to his or her account under the defined contribution plan. Provides that a person who first becomes an employee after the effective date of the amendatory Act is not required to participate in the System as a condition of employment. Provides that an employee may elect not to participate in the System by notifying the System in writing in a manner specified by the System. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Makes conforming and other changes. Makes related changes in the State Employees Group Insurance Act of 1971. Effective immediately.

Amends the Illinois Income Tax Act. Makes changes concerning the federal depreciation deduction and net operating losses to restore provisions that were in effect prior to Public Act 102-16. Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that no tax shall be imposed under the Act for persons dying on or after the effective date of the amendatory Act or for transfers made on or after the effective date of the amendatory Act. Amends the Business Corporation Act of 1983. Provides that provisions imposing a franchise tax on corporations are repealed on December 31, 2024. Provides that, on and after January 1, 2022 and prior to January 1, 2023, the first $10,000 in liability is exempt from the franchise tax. Provides that, on and after January 1, 2023 and prior to January 1, 2024, the first $100,000 in liability is exempt from the franchise tax. Effective immediately.

Amends the Conveyances Act. Makes a technical change in a Section concerning the Act's short title.

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a taxing district shall reduce its aggregate extension base for the purpose of lowering its limiting rate for future years upon referendum approval initiated by the submission of a petition by the voters of the district. Provides that the extension limitation shall be: (a) the lesser of 5% or the average percentage increase in the Consumer Price Index for the 10 years immediately preceding the levy year for which the extension limitation is being calculated; or (b) the rate of increase approved by the voters. Effective immediately.

Opposes a progressive income tax in Illinois. Opposes the reconsideration by the Illinois General Assembly of any constitutional amendment intended to change the flat-rate income tax language of subsection (a) of Section 3 of Article IX of the Constitution of Illinois.

Amends the Illinois Procurement Code. Provides that if the Governor, pursuant to the power granted under the Illinois Emergency Management Agency Act, suspends or waives the requirements of the Code, the Auditor General shall conduct a performance audit of purchases exempted from the provisions of the Code due to a disaster declaration. Provides that the audit requirement shall apply to any disaster declaration issued by the Governor during calendar year 2020 or 2021 for which the provisions of the Code were suspended or waived. Provides for the contents of the audit. Requires the Auditor General to commence the audit as soon as possible upon the termination of a disaster declaration, and report his or her findings and recommendations upon completion in accordance with specified provisions of the Illinois State Auditing Act. Effective immediately.

Mourns the death of Senate Republican Staff Member James Louis "Jim" Goldenstein of Springfield.

Congratulates Senator Jason Barickman on his retirement from the Illinois General Assembly after more than a decade of honorable and dedicated service.

Amends the Expressway Camera Act. Makes a technical change in a Section concerning the short title.