The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein.
Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet.
The English language version is always the official and authoritative version of this website.
NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window.
Synopsis As Introduced Amends the Downstate Public Transportation Act, the Retailers' Occupation Tax Act, the Service Occupation Tax Act, the Use Tax Act, and the Service Use Tax Act. Beginning July 1, 2018, instead of use and occupation tax collections being deposited into the General Revenue Fund and then transferred monthly by the Comptroller from the General Revenue Fund to the Downstate Public Transportation Fund, requires the Department of Revenue to deposit the designated fraction of the net revenue realized from those collections directly into the Downstate Public Transportation Fund. Effective July 1, 2018.
Fiscal Note (Office of the Comptroller)
Provisions of HB 2453 would require the deposit of transit funds derived from sales taxes directly into the Downstate Public Transportation Fund that would amount to an estimated $205 million annually. Currently, the Office of the Comptroller makes transfers from the General Revenue Fund into the Downstate Public Transportation Fund as available balances in the GRF allows throughout the fiscal year while facing a general funds backlog of bills at $12.6 billion. This legislation would essentially remove the Comptroller's discretion for making such payments for downstate transit districts from cash management criteria used by the Comptroller in balancing payments for all the other pending obligations such as for education, medical programs, certain human service programs, debt service and State payrolls. As of March 24, 2017 the pending backlog for the Downstate transit programs was estimated at $70 million.
This site is maintained for the Illinois General Assembly
by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706
Contact ILGA Webmaster