Illinois General Assembly - Bill Status for SB0509
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 Bill Status of SB0509  102nd General Assembly

Short Description:  INC TX-LGDF

Senate Sponsors
Sen. Donald P. DeWitte

Last Action
DateChamber Action
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (currently, the amount transferred is equal to the sum of (i) 6.06% of the net revenue realized from the tax imposed upon individuals, trusts, and estates and (ii) 6.85% of the net revenue realized from the tax imposed upon corporations). Effective immediately.

DateChamber Action
  2/23/2021SenateFiled with Secretary by Sen. Donald P. DeWitte
  2/23/2021SenateFirst Reading
  2/23/2021SenateReferred to Assignments
  3/3/2021SenateAssigned to Revenue
  3/19/2021SenateTo Revenue- Special Issues
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

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