Illinois General Assembly - Bill Status for HB4169
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 Bill Status of HB4169  102nd General Assembly


Short Description:  INC TX-LGDF

House Sponsors
Rep. Anthony DeLuca, Steven Reick, Daniel Didech, Jonathan Carroll, Seth Lewis, Fred Crespo and David A. Welter

Last Action
DateChamber Action
  10/19/2021HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
30 ILCS 115/2from Ch. 85, par. 612
35 ILCS 5/901


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that an amount equal to the sum of (i) 8% of the net revenue realized from the tax imposed upon individuals, trusts, and estates and (ii) 9.11% of the net revenue realized from the tax imposed upon corporations shall be deposited into the Local Government Distributive Fund (currently, an amount 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 shall be deposited into the Local Government Distributive Fund). Amends the State Revenue Sharing Act to provide that amounts paid into the Local Government Distributive Fund are appropriated on a continuing basis. Effective July 1, 2022.

Actions 
DateChamber Action
  10/8/2021HouseFiled with the Clerk by Rep. Anthony DeLuca
  10/12/2021HouseAdded Co-Sponsor Rep. Steven Reick
  10/12/2021HouseAdded Co-Sponsor Rep. Daniel Didech
  10/13/2021HouseAdded Co-Sponsor Rep. Jonathan Carroll
  10/18/2021HouseAdded Co-Sponsor Rep. Seth Lewis
  10/19/2021HouseFirst Reading
  10/19/2021HouseReferred to Rules Committee
  10/20/2021HouseAdded Co-Sponsor Rep. Fred Crespo
  10/20/2021HouseAdded Co-Sponsor Rep. David A. Welter

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