Bill Status of SB 2790   98th General Assembly

Short Description:  USE/OCC TAX-ROADS-BRIDGES

Senate Sponsors
Sen. Kirk W. Dillard

Last Action  View All Actions

DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/5.855 new
30 ILCS 105/6z-18from Ch. 127, par. 142z-18
30 ILCS 105/6z-20from Ch. 127, par. 142z-20
30 ILCS 105/6z-100 new
30 ILCS 330/2from Ch. 127, par. 652
30 ILCS 330/4from Ch. 127, par. 654
35 ILCS 105/3-10
35 ILCS 105/9from Ch. 120, par. 439.9
35 ILCS 110/3-10from Ch. 120, par. 439.33-10
35 ILCS 110/9from Ch. 120, par. 439.39
35 ILCS 115/3-10from Ch. 120, par. 439.103-10
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/2-10
35 ILCS 120/3from Ch. 120, par. 442

Synopsis As Introduced
Amends the General Obligation Bond Act. Provides that the State may issue an additional $1,000,000,000 in bonded indebtedness for certain transportation and infrastructure purposes. Provides that, beginning on January 1, 2015, the taxes on motor fuel and gasohol shall be imposed at the rate of 3.426%. Makes changes concerning the distribution of proceeds. Provides that, each month, the Department shall pay into the Distressed Roads and Bridges Fund the sum of $8,340,000 from the proceeds of the taxes collected under those Acts during the preceding month from the sale and use of motor fuel and gasohol. Amends the State Finance Act to create the Distressed Roads and Bridges Fund. Provides that moneys in the Fund shall be used for the purpose of paying the principal and interest on bonded indebtedness incurred for transportation and infrastructure. Effective immediately.

Actions 
DateChamber Action
  1/30/2014SenateFiled with Secretary by Sen. Kirk W. Dillard
  1/30/2014SenateFirst Reading
  1/30/2014SenateReferred to Assignments
  3/13/2014SenateAssigned to Revenue
  3/14/2014SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Kirk W. Dillard
  3/14/2014SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/20/2014SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  3/21/2014SenateTo Subcommittee on Special Issues (RV)
  3/28/2014SenateRule 3-9(a) / Re-referred to Assignments
  3/28/2014SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

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