Sen. John J. Cullerton
Filed: 5/31/2012
 
 

 

 

 
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1
AMENDMENT TO HOUSE BILL 5342




2    AMENDMENT NO. ______. Amend House Bill 5342, AS AMENDED, 
3with reference to page and line numbers of Senate Amendment No. 
41, on page 12, by replacing lines 9 through 14 with the 
5following:


6"State Treasury.  On July 1, 2012, and by July 1 of each year 
7thereafter, the State Comptroller shall order transferred and 
8the State Treasurer shall transfer the sum of $100,000,000 from 
9the General Revenue Fund to the Education Assistance Fund.  This 
10transfer is a result of the changes made to Section 1501 of 
11this Act by this amendatory Act of the 97th General Assembly. 
12Beginning July 1, 1991,
and continuing through January"; and
 
13on page 63, by replacing lines 5 through 13 with the following:
14        "used in this paragraph, for taxable years ending 
15        before December 31, 2012, the phrase "United States" 
16        means only the 50 states and the District of Columbia, 
17        but does not include any territory or possession of the 
 
 
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1        United States or any area over which the United States 
2        has asserted jurisdiction or claimed exclusive rights 
3        with respect to the exploration for or exploitation of 
4        natural resources.  For taxable years ending on or after 
5        December 31, 2012, the phrase "United States" means 
6        only the 50 states, the District of Columbia, and any 
7        area over which the United States has asserted 
8        jurisdiction or claimed exclusive rights with respect 
9        to the exploration for or exploitation of natural 
10        resources, but does not include any territory or 
11        possession of the United States.".