News from the ITA

March 8, 2019

 

Legislative Update

The House and Senate were in session this week. A number of bills affecting the telecommunications industry were scheduled for committee hearings with the Senate deadline for bills to be approved by legislative committees coming up March 22 and the House committee deadline the following week March 29.

HB 2736 (Right-to-Know Act), HB 2871 (Data Broker Registration Act) and HB 3024 (Biometric Information - Electrocardio were all assigned to the Broadband Access and IT Assurance Subcommittee by House Cybersecurity, Data Analytics &IT Committee Chair Jaime Andrade.

Senate Joint Resolution 18, establishing the Auto Dialing Task Force to address the abuse of robocalls and spoofing passed the full Senate on a unanimous vote.

The House and Senate are both scheduled to be in session next week, March 12-14.

Pritzker Unveils Graduated Income Tax Proposal

Governor JB Pritzker outlined his proposal yesterday to shift the income tax in Illinois from a flat tax to a graduated income tax. In order to move to a graduated income tax, voters would have to approve a Constitutional Amendment. In announcing his proposal, Pritzker said that 97 percent of income-earners would get tax relief. The announcement also included a document outlining the tax rates and arguments for a graduated income tax.

Under the proposal:

  • Single and Joint filers earning a net income of $10,000 or under would see a slight decrease in their income tax rate from 4.95% to 4.75%
  • Single and Joint filers earning a net income between $10,001 - $100,000 would see a slight decrease in their income tax rate from 4.95% to 4.90%
  • Single and Joint filers earning a net income between $100,001 - $250,000 would see  their income tax rate remain at 4.95%
  • Single and Joint filers earning a net income between $250,001 - $500,000 would see an increase in their income tax rate from 4.95% to 7.75%
  • Single and Joint filers earning a net income between $500,001 - $1,000,000 would see an increase in their income tax rate from 4.95% to 7.85%
  • Single and Joint filers earning a net income of $1 million and above would see an increase in their income tax rate from 4.95% to 7.95%

The new income tax rates would apply to the net income earned within that bracket with the exception of earners with net income of $1 million or more. Once a filers net income reaches $1 million, the entire income is taxed at the top rate of 7.95%. The Corporate income tax rate would also increase from 7.25% to 7.95%. 


2019 Annual Convention Registration Opens Next Week!!!

The 114th Annual Convention is three months away and this year we'll be at the new  Margaritaville Lake Resort (formerly Tan-Tar-A) in Osage Beach, MO - June 9-11, 2019. An email will be sent out next week when registration is officially open!  

 


 Telecom Headlines

Illinois Ag Director Wants Money For Rural Broadband (NPR Illinois)

Illinois Ag Secretary Sullivan sees need for high-speed internet in rural areas (Herald- Whig)

Huawei fights back against U.S. blackout with Texas lawsuit (Reuters)

Growing Malware, Malicious Insider Attacks Contributing to $13M Avg Company Cybersecurity Costs (Telecompetitor)

Democrats tackle net neutrality with 'Save the Internet Act (Fierce Telecom)


Thanks to our 2019 Gigabit Partners 

 

For more information or to become an ITA Partner click here

Illinois Telecommunications Association

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           Springfield, IL 62701             

 (217) 572-1262

www.il-ita.com