IL HB0453

Beginning in levy year 2022, taxing districts with aggregate property tax levies exceeding $5,000,000 must make good faith efforts to collect and electronically publish vendor and subcontractor information.

Taxing districts must report whether vendors and subcontractors are minority-owned, women-owned, or veteran-owned businesses as defined under the Business Enterprise for Minorities, Women, and Persons with Disabilities Act.

Taxing districts must disclose whether vendors hold certifications for minority/women/veteran-owned status or are self-certifying, and must publish if self-certifying vendors qualify as small businesses under federal Small Business Administration standards.

Taxing districts may use existing software to comply with the reporting requirements.

The State will not reimburse taxing districts for implementation costs under the State Mandates Act.