IL SB3160

Creates a uniform statement of economic interest form required for all persons filing under the Illinois Governmental Ethics Act, replacing prior separate forms.

Establishes new disclosure thresholds and definitions: assets over $25,000, income sources exceeding $10,000, debts over $25,000, and gifts/honoraria valued over $1,000 must be reported.

Authorizes the Secretary of State and county clerks to establish electronic filing systems for statements of economic interests with password-protected websites and electronic verification capabilities.

Expands the definition of "asset" to include stocks, bonds, sector funds, commodity futures, and investment real estate while excluding personal residences, vehicles, diversified mutual funds, and retirement accounts.

Effective January 1, 2019 for statements filed in 2020 and thereafter, with applicability clause allowing prior years to follow former law.