Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 105/5.625 new

30 ILCS 105/6z-61 new

35 ILCS 5/201

from Ch. 120, par. 2-201

35 ILCS 5/202.5 new

35 ILCS 5/804

from Ch. 120, par. 8-804

35 ILCS 5/901

from Ch. 120, par. 9-901

35 ILCS 200/18-178 new

35 ILCS 200/18-255

35 ILCS 200/20-15

35 ILCS 200/21-30

Synopsis As Introduced
Amends the State Finance Act, the Illinois Income Tax Act, and the Property Tax Code. Beginning on July 1, 2004, increases income taxes and provides that two-thirds of the increased revenue shall be deposited into the School District Property Tax Relief Fund to fund property tax abatements and that one-third of the increased revenue shall be deposited into the Common School Fund. Provides a mechanism for property tax abatements. Effective July 1, 2004.

Actions 

Date	Chamber	Action
2/9/2004	House	Filed with the Clerk by Rep. George Scully, Jr.
2/9/2004	House	First Reading
2/9/2004	House	Referred to Rules Committee
1/11/2005	House	Session Sine Die

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