Illinois General Assembly - Bill Status for HB5120
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 Bill Status of HB5120  102nd General Assembly


Short Description:  PROPERTY TAX DISTRIBUTION

House Sponsors
Rep. Mark Batinick

Last Action
DateChamber Action
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
30 ILCS 115/12from Ch. 85, par. 616
35 ILCS 200/20-37 new
55 ILCS 5/3-10014.5 new
55 ILCS 5/3-10014.6 new
105 ILCS 5/4-13 new
105 ILCS 5/10-19.05


Synopsis As Introduced
Amends the State Revenue Sharing Act. Provides for an even distribution of the moneys in the Personal Property Tax Replacement Fund between currently specified entities and Countywide Personal Property Tax Distribution Funds. Amends the Property Tax Code. Provides for a distribution of the moneys collected by the county collector from holders of commercial and industrial property to Countywide Commercial and Industrial Property Tax Funds. Amends the Counties Code. Provides that each county treasurer shall create and maintain a separate Countywide Personal Property Tax Distribution Fund and Countywide Commercial and Industrial Property Tax Fund. Provides that each Fund shall serve as a distribution fund for the distribution of specified revenues on a countywide, per-pupil basis. Provides further duties of the county treasurer concerning each Fund and the allocation of moneys therein. Amends the School Code. Requires each school board to provide the county treasurer with the daily pupil attendance calculation on a monthly basis. Requires each county board to ensure compliance of the county treasurer with duties concerning the Countywide Personal Property Tax Distribution Fund and the Countywide Commercial and Industrial Property Tax Fund and the allocation of moneys therein.

Actions 
DateChamber Action
  1/27/2022HouseFiled with the Clerk by Rep. Mark Batinick
  1/27/2022HouseFirst Reading
  1/27/2022HouseReferred to Rules Committee
  2/9/2022HouseAssigned to Revenue & Finance Committee
  2/15/2022HouseTo Property Tax Subcommittee
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee

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