HB3121ham002 99TH GENERAL ASSEMBLY

Rep. Tom Demmer

Filed: 4/22/2015

09900HB3121ham002 LRB099 09692 HLH 34648 a

AMENDMENT TO HOUSE BILL 3121

AMENDMENT NO. ______. Amend House Bill 3121 on page 3, by replacing lines 4 through 25 with the following:

"The furnishing of financial information to a municipality or county, upon request of the chief executive officer or chairman Chief Executive thereof, as appropriate, is an official purpose within the meaning of this Section, provided the municipality or county agrees in writing to the requirements of this Section. Information provided to municipalities and counties under this paragraph shall be limited to: (1) the business name; (2) the business address; (3) the standard classification number assigned to the business; (4) net revenue distributed to the requesting municipality or county that is directly related to the requesting municipality's or county's local share of the proceeds under the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act distributed from the Local Government Tax Fund, and, if applicable, any locally imposed retailers' occupation tax or service occupation tax; and (5) (4) a listing of all businesses within the requesting municipality or county by account identification number and address. On and after July 1, 2015, the furnishing of financial information to municipalities or counties under this paragraph may be by electronic means.

Information so provided shall be subject to all confidentiality provisions of this Section. The written agreement shall provide for reciprocity, limitations on access, disclosure, and procedures for requesting information. Only the chief executive officer or chairman of the municipality or county, as appropriate, may initiate the written agreement with the Department. The chief executive officer or chairman of the municipality or county, as appropriate, shall provide the Department with a list of names and official titles of municipal or county employees, as appropriate, designated by the him or her as persons exclusively authorized to request return information, view return information, or receive related information on his or her behalf. This list shall be restricted solely to municipal or county employees, as appropriate, who are directly involved in the financial operations of the municipality or county, and the financial information provided by the Department shall not be viewed by or shared with anyone who is not approved by the Department. The written agreement may be canceled by either the Department or the chief executive officer or chairman, as appropriate, of the municipality or county at any time and shall be canceled in the event of any unauthorized use or disclosure of State tax return information obtained pursuant to the written agreement, or in the event of a failure to abide by the procedures set forth in the agreement by the Department for safeguarding the confidentiality of such return information.".