Taxpayers Federation of Illinois Advisory Committees One of the
most valuable benefits of choosing to participate in the Federations
activities is the ability to be involved in any or all of the four
continuous advisory committees Income/Franchise Tax; Property Tax;
Sales and Excise Tax; and, Fiscal Policy.
These committees have been
established to scrutinize current and proposed legislation; relevant
regulations; and, administrative practices. The work and findings of
the committees allow the Federation to be fully engaged with Illinois
policy makers and to provide them with sound and trusted advice to
address the important fiscal policy issues in the forefront.
The
committees were formed to address the major areas of revenues, spending
and government structure. Each committee is responsible for proposing
policy positions to the Federations Board of Trustees for consideration.
The Board ultimately adopts policy positions on a broad array of issues.
The Income/Franchise Tax Advisory Committee assesses and proposes
modifications or reacts to others proposed modifications to Illinois
income and corporate franchise tax laws. This committee looks at the tax
base, unitary group, membership provisions, apportionment/allocation of
the tax base, and nexus standards.
The Property Tax Advisory Committee
focuses on valuation determination and methods; valuation protest
procedures; equalization procedures; exemptions and assessment freezes;
plus, tax levy and extension procedures and limitations.
The Sales and
Excise Tax Advisory Committee evaluates and proposes modifications,
regulations and administrative interpretations as they relate to Illinois
sales and excise tax laws. Issues include the tax base, plus property and
services; exemptions from the tax base; rate of tax; local authority to
impose tax; sourcing rules; and, nexus standards.
The Fiscal Policy Advisory
Committee evaluates the programs and services of state government as well
as the structure of Illinois state and local governments. The committee
also evaluates the levels and purposes of expenditures of state funds and
reviews the accounting methods and budget procedures. The goal is to provide
a high level of transparency over government expenditures.
The committees
generally meet four times a year. The meetings are predominately held in the
Chicago area. However, telephone conference calls are provided for those
participants who can not physically be present.
The committees often create
sub-committees to develop background information and action options on
identified issues. The sub-committees normally use teleconferencing to
develop their report. Once complete, the findings become a significant
portion of committee agenda items.
These advisory committees provide you
and your associates a voice in steering the state of Illinois tax and
spending decisions.
For more information on committee participation and
activities contact the Federation at tfi@iltaxwatch.org or by calling 217.522.6818.
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