Sen. Doris Turner

Filed: 4/20/2021

 

 


 

 


 
10200SB0855sam001LRB102 04689 RJF 25462 a

1
AMENDMENT TO SENATE BILL 855

2    AMENDMENT NO. ______. Amend Senate Bill 855 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The State Revenue Sharing Act is amended by
5changing Section 1 as follows:
 
6    (30 ILCS 115/1)  (from Ch. 85, par. 611)
7    Sec. 1. Local Government Distributive Fund. Through June
830, 1994, as soon as may be after the first day of each month
9the Department of Revenue shall certify to the Treasurer an
10amount equal to 1/12 of the net revenue realized from the tax
11imposed by subsections (a) and (b) of Section 201 of the
12Illinois Income Tax Act during the preceding month. Beginning
13July 1, 1994, and continuing through June 30, 1995, as soon as
14may be after the first day of each month, the Department of
15Revenue shall certify to the Treasurer an amount equal to 1/11
16of the net revenue realized from the tax imposed by

 

 

10200SB0855sam001- 2 -LRB102 04689 RJF 25462 a

1subsections (a) and (b) of Section 201 of the Illinois Income
2Tax Act during the preceding month. Beginning July 1, 1995, as
3soon as may be after the first day of each month, the
4Department of Revenue shall certify to the Treasurer an amount
5equal to the amounts calculated pursuant to subsection (b) of
6Section 901 of the Illinois Income Tax Act based on the net
7revenue realized from the tax imposed by subsections (a) and
8(b) of Section 201 of the Illinois Income Tax Act during the
9preceding month. Net revenue realized for a month shall be
10defined as the revenue from the tax imposed by subsections (a)
11and (b) of Section 201 of the Illinois Income Tax Act which is
12deposited in the General Revenue Fund, the Education
13Assistance Fund and the Income Tax Surcharge Local Government
14Distributive Fund during the month minus the amount paid out
15of the General Revenue Fund in State warrants during that same
16month as refunds to taxpayers for overpayment of liability
17under the tax imposed by subsections (a) and (b) of Section 201
18of the Illinois Income Tax Act. Upon receipt of such
19certification, the Treasurer shall transfer from the General
20Revenue Fund to a special fund in the State treasury, to be
21known as the "Local Government Distributive Fund", the amount
22shown on such certification.
23    Beginning on the effective date of this amendatory Act of
24the 98th General Assembly, the Comptroller shall perform the
25transfers required by this Section no later than 60 days after
26he or she receives the certification from the Treasurer.

 

 

10200SB0855sam001- 3 -LRB102 04689 RJF 25462 a

1    All amounts paid into the Local Government Distributive
2Fund in accordance with this Section and allocated pursuant to
3this Act are appropriated on a continuing basis.
4    Notwithstanding any provision of law to the contrary, for
5fiscal year 2022, no amounts paid into the Local Government
6Distributive Fund shall be withheld from any municipality or
7county entitled to such funding under this Act.
8(Source: P.A. 98-1052, eff. 8-26-14.)".