Bill Status of SB2658

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SB2658 - 104th General Assembly

DOWNSTATE TRANSPORT-FUNDS
Last Action
5/06/2025 - Senate: Referred to Assignments
Senate Sponsors
Sen. Steve Stadelman
Statutes Amended In Order of Appearance
30 ILCS 740/2-3from Ch. 111 2/3, par. 663
30 ILCS 740/2-7from Ch. 111 2/3, par. 667
Synopsis As Introduced
Amends the Downstate Public Transportation Act. Increases the amount paid into the Downstate Public Transportation Fund from 3/32 of 80% of the net revenue realized from the Retailers' Occupation Tax Act, the Service Occupation Tax Act, the Use Tax Act, and the Service Use Tax Act within any municipality or county located wholly within the boundaries of a participant to (i) 3/32 of 100% of that net revenue from July 1, 2025 through July 1, 2033 and (ii) 4/32 of 100% of that net revenue on and after July 1, 2033. Makes changes concerning the amount each participant's annual appropriation from the Downstate Public Transportation Fund. Effective immediately.
Actions
Date Chamber Action
5/06/2025 Senate Filed with Secretary by Sen. Steve Stadelman
5/06/2025 Senate First Reading
5/06/2025 Senate Referred to Assignments