The Latest Regulatory & Legislative News for Illinois CPAs
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Capitol Dispatch
Marty Green's Legislative Update
NOVEMBER: Illinois Government Transition Underway
The Illinois General Assembly concluded its final week of a scheduled veto session where gubernatorial-vetoed bills were considered for override. Over 70 vetoed items were considered, ranging from peer-to-peer ride sharing and teacher minimum wage to increased age restrictions for buying cigarettes. Both chambers overrode a number of the governor's veto actions with straight vetoes and amendatory vetoes. We're closely monitoring bills of interest to the CPA profession.

Now in the post-election environment, Illinois government is in transition. Governor-elect J.B. Pritzker has formed his transition team and more than 40 newly elected members of the General Assembly have started their orientation in preparation to take their seats in January. The 101st General Assembly will be inaugurated on Jan. 9, 2019 and Pritzker on Jan. 14, 2019.

A housekeeping note: By now, you should have renewed your CPA license/registration, which expired on Sept. 30 and Nov. 30 for firm licenses.
General Bills Tax Bills Public Acts GA Updates
ICPAS Concerned With Occupational Board Reform Act
SB 3646 creates the Occupational Board Reform Act that resets occupational and professional licensure processes. The legislation allows applicants to submit a preliminary application for an occupational license, requires a standing committee of the General Assembly to review 20 percent of occupational regulations, and adopts a least restrictive regulation philosophy. ICPAS has concerns with this legislation as introduced and will work with the legislative sponsor. Status: Pending in Senate.
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Professional Licensure Review and Regulation Bills Pending
HB 5212 SA-1 / SB 2776 creates the Regulatory Sunrise Review Act, an initiative of the Illinois Department of Financial and Professional Regulation to create a more comprehensive process of review for proposals to regulate professions and occupations. Status: HB 5212 pending in House; SB 2776 pending in Senate.
Workers' Compensation Updates
HB 3452 SA-3 revises legislation to SB 904 amending the Workers' Compensation Act. HB 3452 prevents a medical provider from bypassing the Workers' Compensation System of payment of claims and limits the Circuit Court's jurisdiction to enforcing payment of interest of unpaid claims as required by the Workers Compensation Act. HB 200 SA-1 requires the employer or insurer to provide written notification of the denial to the provider and to the employee, or his or her designee, in the form of an explanation of benefits. Status: HB 3452 HA-1 pending House; SB 904 amendatory veto overriden; HB 200 SA-1 pending House.
Secure Choice Savings Program Mandated Again
HB 4923 makes changes to the Illinois Secure Choice Savings Program Act. Gov. Rauner previously vetoed HB 4923, making the employer mandated participation optional. The General Assembly failed to accept the governor's amendatory changes, thereby reinstating the original 2014 legislation mandating employers with more than 25 employees to either provide a retirement plan or participate in the Secure Choice plan.
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Local Government Distributive Fund Formula Modified
HB 278 modifies the formula for which income tax receipts are distributed to local governments. Status: Third reading, Senate.
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Court of Claims Awards Limit Removed
SB 2481 removes the limitation of $100,000 maximum judgment by the Illinois Court of Claims in tort claims against the State of Illinois. Status: Amendatory veto overridden.
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IDOR Proposes Excise Tax Overpayment Change
SB 3445 is a Department of Revenue initiative to amend various excise taxes to provide that overpayments can be used as a credit against taxes due in the following month as opposed to the taxpayer affirmatively filing a claim for refund. Status: Passed both chambers.
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Illinois Tax Tribunal Judge Nominated
AM 459 presents the gubernatorial nomination of Michael Pieczonka to be a Judge on the Illinois Tax Tribunal. Status: Pending confirmation, Senate.
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State Budget Forecasts FY 2019 Deficit
The Illinois Governor's Office of Management and Budget has released its five-year budget projections highlighting that spending continues to outpace revenues by a large margin. It is estimated that the FY 2019 State Operating Budget is projecting a $500 million deficit and possibly another $500 million more if the state is required to implement the AFSCME Step Increase.
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ABLE Savings Program Notice
Illinois State Treasurer Mike Frerichs administers the ABLE (Achieving a Better Life Experience) savings program, allowing individuals with disabilities and their families to save for many disability-related expenses on a tax-deferred basis without limiting their ability to benefit from supplemental security income (SSI), Medicaid, or other federal programs.
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2019 PTIN Renewal Season Opens
Tax return preparers must renew their Federal Preparer Tax Identification Numbers (PTIN) for 2019. All current PTINs will expire Dec. 31, 2018.
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We Want You ... to Be Heard
Our combined voices can create advocacy success.
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Poll Says State Is Going in the Wrong Direction
The University of Illinois-Springfield and NPR Illinois poll found nearly 75 percent of Illinois voters think the state is on the wrong track, while only 14 percent say its headed in the right direction.
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