State and Local Tax Legislation: What Goes on Behind the Scenes
Many practices are primarily statutory-based practice; for example, State and Local Taxation begins, at its core, with Chapter 35 of the ILCS. And any time a case changes or impacts any part of that section of the statues, you can be sure that it will likely be codified into statute (or overridden) soon after. So too with most statute-based practices. Because of this, familiarity with the proposed changes to the statutes are one of the best ways to keep track of current tax trends, while gaining the roadmap you need to advise your clients on potential future issues. Likewise, being able to critically argue the proposed legislation advances the debate of public policy and allows practitioners to present arguments that might benefit both the public and their clients. Either way, knowing the statutes and their proposed changes benefits you in advancing and/or protecting the position of your clients. But how do you know the laws being proposed, or their surrounding arguments? Don’t miss this panel presentation that shows you where to find ongoing proposed tax bills and gives you the step-by-step instructions you need for providing your own input into Illinois’ tax legislation. Listen as our speakers offer an in-depth look at their own experiences in trying to influence legislation and what you can learn from their successes and failures. Additional topics include: the legislative research process – from how to find the bill number and where to review the bill status, to how to use the dates to find a transcript of each bill’s discussion; how to use “My Legislation” on the General Assembly website, including how to create an account and how to add/edit/delete bills in your My Legislation account; how to present new items you’d like to propose; and a discussion of coalition building.
Live Webcast
Thursday, October 24, 2024
9:00 – 11:05 a.m.
2.0 hours MCLE credit