5 ILCS 420/4A-102
2021 Illinois Compiled Statutes|Chapter 5 - GENERAL PROVISIONS|5 ILCS 420/ - Illinois Governmental Ethics Act.|Article 4A - Disclosure of Economic Interests

 (from Ch. 127, par. 604A-102)(Text of Section from P.A. 102-662)Sec. 4A-102. The statement of economic interests required by this Article  shall include the economic interests of the person making the statement as  provided in this Section.  The interest (if constructively controlled by the  person making the statement) of a spouse or any other party, shall be  considered to be the same as the interest of the person making the  statement.  Campaign receipts shall not be included in this statement.(a) The following interests shall be listed by all     persons required to file:(1) The name, address and type of practice of any         professional organization or individual professional practice in which the person making the statement was an officer, director, associate, partner or proprietor, or served in any advisory capacity, from which income in excess of $1200 was derived during the preceding calendar year;(2) The nature of professional services (other         than services rendered to the unit or units of government in relation to which the person is required to file) and the nature of the entity to which they were rendered if fees exceeding $5,000 were received during the preceding calendar year from the entity for professional services rendered by the person making the statement.(3) The identity (including the address or legal         description of real estate) of any capital asset from which a capital gain of $5,000 or more was realized in the preceding calendar year.(4) The name of any unit of government which has         employed the person making the statement during the preceding calendar year other than the unit or units of government in relation to which the person is required to file.(5) The name of any entity from which a gift or         gifts, or honorarium or honoraria, valued singly or in the aggregate in excess of $500, was received during the preceding calendar year.(b) The following interests shall also be listed by     persons listed in items (a) through (f), item (l), item (n), and item (p) of Section 4A-101:(1) The name and instrument of ownership in any         entity doing business in the State of Illinois, in which an ownership interest held by the person at the date of filing is in excess of $5,000 fair market value or from which dividends of in excess of $1,200 were derived during the preceding calendar year. (In the case of real estate, location thereof shall be listed by street address, or if none, then by legal description). No time or demand deposit in a financial institution, nor any debt instrument need be listed;(2) Except for professional service entities, the         name of any entity and any position held therein from which income of in excess of $1,200 was derived during the preceding calendar year, if the entity does business in the State of Illinois. No time or demand deposit in a financial institution, nor any debt instrument need be listed.(3) The identity of any compensated lobbyist with         whom the person making the statement maintains a close economic association, including the name of the lobbyist and specifying the legislative matter or matters which are the object of the lobbying activity, and describing the general type of economic activity of the client or principal on whose behalf that person is lobbying.(c) The following interests shall also be listed by     persons listed in items (a) through (c) and item (e) of Section 4A-101.5:(1) The name and instrument of ownership in any         entity doing business with a unit of local government in relation to which the person is required to file if the ownership interest of the person filing is greater than $5,000 fair market value as of the date of filing or if dividends in excess of $1,200 were received from the entity during the preceding calendar year. (In the case of real estate, location thereof shall be listed by street address, or if none, then by legal description). No time or demand deposit in a financial institution, nor any debt instrument need be listed.(2) Except for professional service entities, the         name of any entity and any position held therein from which income in excess of $1,200 was derived during the preceding calendar year if the entity does business with a unit of local government in relation to which the person is required to file. No time or demand deposit in a financial institution, nor any debt instrument need be listed.(3) The name of any entity and the nature of the         governmental action requested by any entity which has applied to a unit of local government in relation to which the person must file for any license, franchise or permit for annexation, zoning or rezoning of real estate during the preceding calendar year if the ownership interest of the person filing is in excess of $5,000 fair market value at the time of filing or if income or dividends in excess of $1,200 were received by the person filing from the entity during the preceding calendar year.(d) The following interest shall also be listed by     persons listed in items (a) through (f) of Section 4A-101: the name of any spouse or immediate family member living with such person employed by a public utility in this State and the name of the public utility that employs such person.For the purposes of this Section, the unit of local government in relation to which a person is required to file under item (e) of Section 4A-101.5 shall be the unit of local government that contributes to the pension fund of which such person is a member of the board. (Source: P.A. 101-221, eff. 8-9-19; 102-662, eff. 9-15-21.)(Text of Section from P.A. 102-664)Sec. 4A-102. The statement of economic interests required by this Article  shall include the economic interests of the person making the statement as  provided in this Section.(a) The interest (if constructively controlled by the  person making the statement) of a spouse or any other party, shall be  considered to be the same as the interest of the person making the  statement.  Campaign receipts shall not be included in this statement. The following interests shall be listed by all persons required to file:(1) each asset that has a value of more than $10,000     as of the end of the preceding calendar year and is: (i) held in the filer's name, (ii) held jointly by the filer with his or her spouse, or (iii) held jointly by the filer with his or her minor child or children. For a beneficial interest in a trust, the value is based on the total value of the assets either subject to the beneficial interest, or from which income is to be derived for the benefit of the beneficial interest, regardless of whether any distributions have been made for the benefit of the beneficial interest;(2) excluding the income from the position that     requires the filing of a statement of economic interests under this Act, each source of income in excess of $7,500 during the preceding calendar year (as required to be reported on the filer's federal income tax return covering the preceding calendar year) for the filer and his or her spouse and, if the sale or transfer of an asset produced more than $7,500 in capital gains during the preceding calendar year, the transaction date on which that asset was sold or transferred;(3) each creditor of a debt in excess of $10,000     that, during the preceding calendar year, was: (i) owed by the filer, (ii) owed jointly by the filer with his or her spouse or (iii) owed jointly by the filer with his or her minor child or children;(4) the name of each unit of government of which the     filer or his or her spouse was an employee, contractor, or office holder during the preceding calendar year other than the unit or units of government in relation to which the person is required to file and the title of the position or nature of the contractual services;(5) each person known to the filer to be registered     as a lobbyist with any unit of government in the State of Illinois: (i) with whom the filer maintains an economic relationship, or (ii)  who is a member of the filer's family; and(6) each source and type of gift or gifts, or     honorarium or honoraria, valued singly or in the aggregate in excess of $500 that was received during the preceding calendar year, excluding any gift or gifts from a member of the filer's family that was not known to the filer to be registered as a lobbyist with any unit of government in the State of Illinois.For the purposes of this Section, the unit of local government in relation to which a person is required to file under item (e) of Section 4A-101.5 shall be the unit of local government that contributes to the pension fund of which such person is a member of the board.(b) Beginning December 1, 2025, and for every 5 years thereafter, the Secretary of State shall adjust the amounts specified under this Section that prompt disclosure under this Act for purposes of inflation as determined by the Consumer Price Index for All Urban Consumers as issued by the United States Department of Labor and rounded to the nearest $100. The Secretary shall publish this information on the official website of the Secretary of State, and make changes to the statement of economic interests form to be completed for the following year.(c) The Secretary of State shall develop and make publicly available on his or her website written guidance relating to the completion and filing of the statement of economic interests upon which a filer may reasonably and in good faith rely.(Source: P.A. 101-221, eff. 8-9-19; 102-664, eff. 1-1-22.)