The impact of HB 0796 is limited to a technical correction within the Illinois Income Tax Act. Since the bill does not alter tax rates or introduce new taxes, its effects on state revenue are expected to be negligible. The amendment's focal point is procedural clarity, which may aid in the enforcement and understanding of the existing provisions of the income tax laws. Lawmakers and tax professionals involved in the interpretation and application of tax laws may benefit from this technical update.
Summary
House Bill 0796, introduced by Representative Emanuel 'Chris' Welch during the 104th General Assembly of Illinois, aims to amend the Illinois Income Tax Act. Specifically, this bill focuses on making a technical change to the section concerning the short title of the Income Tax Act. The changes proposed are primarily administrative and do not introduce new tax policies or significant alterations to existing tax regulations. As such, the primary intent of the bill appears to be clarifying or correcting the statutory language without any substantive changes to the tax framework itself.
Contention
Notably, there do not appear to be significant points of contention surrounding HB 0796, as the nature of the bill is largely technical. Its lack of substantive changes could lead to broad bipartisan support. However, discussions on administrative bills like this can occasionally reveal concerns regarding the accuracy of legislative language and potential implications for future interpretations of the law. Given the technical nature of this bill, it is unlikely to prompt intense debate or opposition.