The impact of SB0824 on state laws is minimal given its technical nature. The bill's primary function is to maintain the integrity of the legal language within the Illinois Income Tax Act. This can prevent potential misunderstandings in legal interpretations and ensure that the references to the Act remain consistent in practice. While there may not be immediate fiscal implications resulting from the bill, its passage could contribute to a clearer regulatory environment for tax compliance in Illinois.
Summary
SB0824 is a legislative bill introduced in the Illinois General Assembly, aimed at amending the Illinois Income Tax Act. Specifically, it proposes a technical change in Section 101 which concerns the short title of the Act. This bill represents a procedural effort rather than a substantial change to tax policy, as it simply seeks to clarify the language within the existing legislation without altering the legal or financial implications for taxpayers. By enhancing the clarity of the Act's short title, the bill aims to improve the consistency and accuracy of tax-related documentation and references within state law.
Contention
Since SB0824 predominantly involves technical amendments, there are no notable points of contention surrounding its provisions. This lack of controversy may derive from the bill's straightforward purpose and the expectation that such technical clarifications are necessary for the clarity of the tax code. However, as is common with any piece of legislation, it requires approval from both the Senate and the House, and its ultimate fate will depend on legislative priorities and the ongoing discussions about Illinois' tax structure.