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November 29, 2019
State and Local Tax
This Week
I'm sending the newsletter early this week because of the Thanksgiving holiday.
Illinois General Assembly
The House and Senate will return to Springfield for the beginning of the spring legislative session on January 28.
The Governor vetoed HB 3902 on Monday. HB 3902 retroactively reinstated the sales, use and service occupation and service use tax exemption for certain materials, parts, equipment, components, and furnishings incorporated into or upon an aircraft. Here is a link to the Governor's veto message.
This could be the first veto of the Governor to be overridden by the General Assembly. HB 3902 passed the House unanimously and with only one no vote in the Senate
New legislation
No new tax-related legislation this week.
Property Tax Reform Task Force
The Task Force has missed the deadline for the issuance of their preliminary report.
Rulemaking
The Illinois Register is not published this week due to the Thanksgiving holiday.
Court cases
No new decisions were posted this week.
Tribunal
No new decisions were posted this week.
None of the new cases filed with the Tribunal raise any novel issues.
Publications
The Illinois Department of Revenue issued a number of publications:
FY 2020-12 Reporting and Paying Tax on Cannabis Sales
FY 2020-14 New Electronic Requirements for Issuers of Forms 1099-K
FY 2020-07 New Tax Requirements for Operators of Parking Areas, Spaces, or Garages
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