§ 1-101 This Act shall be known and may be cited as the “Illinois …
§ 1-102 As used in this Act, unless the context otherwise requires, the terms …
§ 1-102.5 “Asset” means, for the purposes of Sections 4A-102 and 4A-103, an …
§ 1-104 “Compensation” means any money, thing of value, or economic benefit …
§ 1-104.3 “Creditor” means, for the purposes of Sections 4A-102 and 4A-103, an …
§ 1-104.4 “Debt” means, for the purposes of Sections 4A-102 and 4A-103, any …
§ 1-104.5 “Diversified funds” means investment products, such as mutual funds, …
§ 1-105 “Economic opportunity” means any purchase, sale, lease, contract, …
§ 1-105.2 “Economic relationship” means, for the purposes of Sections 4A-102 …
§ 1-105.3 “Family” means, for the purposes of Sections 4A-102 and 4A-103, a …
§ 1-105.5 “Filer” means, for the purposes of Sections 4A-102 and 4A-103, a …
§ 1-105.6 “Income” means, for the purposes of Sections 4A-102 and 4A-103, …
§ 1-105.7 “Investment real estate” means any real property, other than a …
§ 1-106 “Legislative interest” means a substantial economic interest, …
§ 1-107 “Legislative matter” means any bill, resolution, nomination, or other …
§ 1-108 “Legislator” means a member or member-elect of the General Assembly
§ 1-109 “Lobbying” means engaging in activities that require registration …
§ 1-110 “Lobbyist” means an individual who is required to be registered to …
§ 1-111 “Person” or “entity” means an individual, proprietorship, …
§ 1-112 “Person with whom the legislator maintains a close economic …
§ 1-112.5 “Personal residence” means, for the purposes of Sections 4A-102 and …
§ 1-113 “Representation case” means the professional representation of any …
§ 1-113.6 “Sector funds” means mutual funds or exchange traded funds invested …
§ 1-113.7 “Spouse” means a party to a marriage, a party to a civil union, or a …
§ 1-114 “State agency” means any department, office, commission, board or …
§ 1-115 “Instrument of Ownership” means deeds, common or preferred stock …
§ 1-116 “Professional services” means services rendered in the practice of …
§ 1-120 Unit of local government
§ 1-121 Public utility

Terms Used In Illinois Compiled Statutes > 5 ILCS 420 > Article 1 - Short Title. Definitions

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Air rifle: means and includes any air gun, air pistol, spring gun, spring pistol, B-B gun, paint ball gun, pellet gun or any implement that is not a firearm which impels a breakable paint ball containing washable marking colors or, a pellet constructed of hard plastic, steel, lead or other hard materials with a force that reasonably is expected to cause bodily harm. See Illinois Compiled Statutes 720 ILCS 5/24.8-0.1
  • Allegation: something that someone says happened.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Audit: means an agreed-upon procedures engagement in accordance with Statements on Standards for Attestation Engagements (AICPA Professional Standards, AT-C Section 315 (Compliance Attestation)). See Illinois Compiled Statutes 50 ILCS 355/10-15
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Certification program: means an instructional curriculum, examination, and process for certification, recertification, and revocation of certification of certified public accountants that is administered by the Department with the assistance of the Illinois CPA Society and that is officially approved by the Department to ensure that a certified public accountant possesses the necessary skills and abilities to successfully perform an attestation engagement for a limited-scope tax compliance review in a certified audit project under this Act. See Illinois Compiled Statutes 50 ILCS 355/10-15
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Dealer: means any person, copartnership, association or corporation engaged in the business of selling at retail or renting any of the articles included in the definition of "air rifle". See Illinois Compiled Statutes 720 ILCS 5/24.8-0.1
  • Department: means the Department of Revenue. See Illinois Compiled Statutes 50 ILCS 355/5-5
  • Department: means the Department of Revenue. See Illinois Compiled Statutes 50 ILCS 355/10-15
  • Deposition: An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
  • Docket: A log containing brief entries of court proceedings.
  • Donor: The person who makes a gift.
  • Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Family member: means the following, whether by whole blood, half-blood, or adoption:
             (1) a parent or step-parent;
             (2) a child or step-child;
             (3) a grandparent or step-grandparent;
             (4) an aunt, uncle, great-aunt, or great-uncle;
             (4. See Illinois Compiled Statutes 50 ILCS 355/5-5
  • Family member: means the following, whether by whole blood, half-blood, or adoption:
             (1) a parent or step-parent;
             (2) a child or step-child;
             (3) a grandparent or step-grandparent;
             (4) an aunt, uncle, great-aunt, or great-uncle;
             (4. See Illinois Compiled Statutes 50 ILCS 355/10-15
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Financial information: means the information provided to the municipality or county by the Department under Section 11 of the Retailers' Occupation Tax Act that is reported to the Department by a business located in a given municipality or county. See Illinois Compiled Statutes 50 ILCS 355/5-5
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • Germane: On the subject of the pending bill or other business; a strict standard of relevance.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • In forma pauperis: In the manner of a pauper. Permission given to a person to sue without payment of court fees on claim of indigence or poverty.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Misallocation: means tax paid by the taxpayer and allocated to one unit of local government that should have been allocated to a different unit of local government. See Illinois Compiled Statutes 50 ILCS 355/10-15
  • Monitoring disbursements: means keeping track of payments from the Department by a municipality, county, or third party for the limited purpose of tracking previous misallocations. See Illinois Compiled Statutes 50 ILCS 355/5-5
  • Month: means a calendar month, and the word "year" a calendar year unless otherwise expressed; and the word "year" alone, is equivalent to the expression "year of our Lord. See Illinois Compiled Statutes 5 ILCS 70/1.10
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Participating taxpayer: means any person subject to the revenue laws administered by the Department who is the subject of a tax compliance referral by a municipality, county, or third party, who enters into an engagement with a qualified practitioner for a limited-scope tax compliance review under this Act, and who is approved by the Department under the local government revenue recapture certified audit pilot project. See Illinois Compiled Statutes 50 ILCS 355/10-15
  • Person: means an individual, sole proprietorship, corporation, registered limited liability partnership, limited liability company, partnership, professional service corporation, or any other form of organization. See Illinois Compiled Statutes 50 ILCS 355/5-5
  • Petty offense: A federal misdemeanor punishable by six months or less in prison. Source: U.S. Courts
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Qualified practitioner: means a certified public accountant who is licensed or registered to perform accountancy activities in Illinois under Section 8. See Illinois Compiled Statutes 50 ILCS 355/10-15
  • Quorum: The number of legislators that must be present to do business.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Subpoena: A command to a witness to appear and give testimony.
  • Subpoena duces tecum: A command to a witness to produce documents.
  • subways: as used in this Division 121, includes all tunnels, entrances, exits, passageways, connections, approaches, inclines, elevators, stations, and other structures, equipment, appliances, or appurtenant property, appropriate to a system of such subways. See Illinois Compiled Statutes 65 ILCS 5/11-121-1
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Third party: means a person, partnership, corporation, or other entity or individual registered to do business in Illinois who contracts with a municipality or county to review financial information related to the disbursement of local taxes by the Department to the municipality or county. See Illinois Compiled Statutes 50 ILCS 355/5-5
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • Venue: The geographical location in which a case is tried.
  • Verdict: The decision of a petit jury or a judge.