Synopsis As Introduced Creates the Athletic Shoe Retailer Tax Act. Provides that, beginning on July 1, 2013, a tax is imposed upon any person engaged in business as a retailer of athletic shoes in the State at the rate of $0.25 for each pair of athletic shoes sold in the course of such business in this State. Provides that the proceeds of the tax collected under the Act shall be deposited into the Youthbuild Support Fund. Amends the State Finance Act to create the Fund. Provides that moneys in the Youthbuild Support Fund shall be used by the Department of Human Services for the purpose of making grants to Youthbuild programs as approved under the Illinois Youthbuild Act. Effective immediately.
State Debt Impact Note (Government Forecasting & Accountability)
HB 978 would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness.