IL HB1723

Requires taxing districts with aggregate property tax levies exceeding $5,000,000 to make good faith efforts to collect and electronically publish vendor and subcontractor data beginning in levy year 2021.

Mandates published data include whether vendors or subcontractors are minority-owned, women-owned, or veteran-owned businesses as defined in the Business Enterprise for Minorities, Women, and Persons with Disabilities Act.

Requires disclosure of whether vendors hold certifications in those categories or are self-certifying, and if self-certifying, whether they qualify as small businesses under federal Small Business Administration standards.

Allows taxing districts to use existing software to comply with the reporting requirement.

Exempts the state from reimbursing taxing districts for implementation costs and preempts home rule powers regarding this requirement.