The implications of this bill are relatively minor as it focuses on a technical specification rather than establishing new tax provisions or altering existing ones significantly. By clarifying the citation of the Income Tax Act, the bill intends to streamline legal references to this piece of legislation, potentially aiding in legal clarity and reducing ambiguity in bureaucratic communications regarding the Act.
Summary
House Bill 1705, introduced by Representative Tony M. McCombie, aims to amend the Illinois Income Tax Act by making a technical change in the section regarding the short title of the Act. Specifically, it proposes a modification to Section 101 of the Income Tax Act, which defines how the Act can be cited. While the bill's text is concise, the amendment reflects a procedural adjustment rather than a substantial overhaul of the existing tax law.
Conclusion
Overall, HB 1705 serves to improve the legislative framework of Illinois’ tax system through administrative clarity without imposing new regulatory burdens or altering fundamental tax structures.
Contention
As a technical change, HB 1705 does not appear to be contentious in nature; however, its introduction reflects ongoing efforts in the legislature to ensure that tax statutes are accurately represented and facilitate proper legislative oversight. Since the bill does not introduce substantial changes to tax policy, it is unlikely to attract significant opposition or debate.