SB0042sam003 100TH GENERAL ASSEMBLY

Sen. Andy Manar

Filed: 5/23/2017

10000SB0042sam003 LRB100 04925 JWD 26904 a

AMENDMENT TO SENATE BILL 42

AMENDMENT NO. ______. Amend Senate Bill 42, AS AMENDED, with reference to page and line numbers of Senate Amendment No. 2, on page 36, deletes line 10; and

replaces from line 19, on page 108, through line 16, on page 109, with the following:

"(2) Except as otherwise provided in paragraph (4), on On the first day of the month following the effective date of this amendatory Act of the 95th General Assembly and each month thereafter, upon certification by the Department of Revenue, the Comptroller shall order transferred and the Treasurer shall transfer from the General Revenue Fund to the Public Transportation Fund an amount equal to 5% of the net revenue, before the deduction of the serviceman and retailer discounts pursuant to Section 9 of the Service Occupation Tax Act and Section 3 of the Retailers' Occupation Tax Act, realized from any tax imposed by the Authority pursuant to Sections 4.03 and 4.03.1 and certified by the Department of Revenue under Section 4.03(n) of this Act to be paid to the Authority and 5% of the amounts deposited into the Regional Transportation Authority tax fund created by Section 4.03 of this Act from the County and Mass Transit District Fund as provided in Section 6z-20 of the State Finance Act, and 5% of the amounts deposited into the Regional Transportation Authority Occupation and Use Tax Replacement Fund from the State and Local Sales Tax Reform Fund as provided in Section 6z-17 of the State Finance Act, and 5% of the revenue realized by the Chicago Transit Authority as financial assistance from the City of Chicago from the proceeds of any tax imposed by the City of Chicago under Section 8-3-19 of the Illinois Municipal Code.".