SB2146 Summary

• Creates a uniform statement of economic interests form for all filers under the Illinois Governmental Ethics Act, replacing multiple form versions.

• Defines key disclosure terms including assets (stocks, bonds, real estate over $25,000), debts (excluding standard mortgages/student loans over $25,000), income sources over $10,000, and creditor/debtor relationships.

• Simplifies required disclosures to six categories: assets over $25,000, income sources over $10,000, debts over $25,000, debtors owed over $25,000, lobbyist relationships, and gifts/honoraria over $1,000.

• Excludes from disclosure personal residences, vehicles, diversified mutual funds, government bonds, retirement accounts, and standard consumer debts made on terms available to the general public.

• Repeals the separate form for county clerk filings and establishes that the new provisions apply to statements filed in 2022 and thereafter, with earlier filings governed by prior law; effective immediately.