The implications of HB 0799 are minimal in terms of fiscal impact, as it does not recommend changes in tax rates or introduce new taxes. Instead, its passage is expected to enhance the readability and understanding of the Income Tax Act for taxpayers, legal practitioners, and legislators. By clarifying the terminology and reference points within the Act, the bill aims to facilitate better compliance and enforcement of tax provisions going forward.
Summary
House Bill 0799, introduced by Representative Emanuel 'Chris' Welch, aims to amend the Illinois Income Tax Act by making a technical change to the section concerning the short title of the Act. The bill primarily focuses on clarity and precision within the legislative text and seeks to ensure that the title reflects the intended purpose of the statute without introducing substantial changes to the existing tax structure. This bill represents a housekeeping measure intended to tidy up the statutory language without altering any policies or revenue implications significantly.
Contention
Since this bill is primarily technical in nature, it faces little opposition or contention from members of the General Assembly. The focus is on procedural and linguistic precision, which has generally been supported across party lines. Any debates surrounding the bill are likely to center on the efficacy of such technical amendments and the prioritization of legislative time for non-substantive changes, especially in the context of broader fiscal and tax-related issues currently facing the state.