Illinois General Assembly - Bill Status for HB4542
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 Bill Status of HB4542  101st General Assembly


Short Description:  INC TX-LGDF DISTRIBUTIONS

House Sponsors
Rep. Emanuel Chris Welch

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/901


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, beginning on July 1, 2020, the Treasurer shall transfer each month from the General Revenue Fund to the Local Government Distributive Fund an amount equal to 10% of the net revenue realized from the income tax imposed upon individuals, trusts, estates, and corporations during the preceding month. Effective immediately.

Actions 
DateChamber Action
  2/4/2020HouseFiled with the Clerk by Rep. Emanuel Chris Welch
  2/5/2020HouseFirst Reading
  2/5/2020HouseReferred to Rules Committee
  1/13/2021HouseSession Sine Die

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