Illinois General Assembly - Bill Status for HB4759
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 Bill Status of HB4759  95th General Assembly


House Sponsors
Rep. Ronald A. Wait

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.708 new
35 ILCS 200/18-45
105 ILCS 5/17-11from Ch. 122, par. 17-11
105 ILCS 5/18-8.05

Synopsis As Introduced
Creates the School District Income Tax Act. Allows school districts to tax income after referendum approval of district residents and record owners of property in the district. Provides for additional levies, administration and distribution of the tax, and penalties for violations. Applies only to income earned following 120 days after certification of the results of the referendum. Creates a credit against the tax in an amount not to exceed $500 equal to 5% of the amounts spent by the taxpayer on monthly rent for the taxpayer's residence. Amends the Property Tax Code to provide for abatement of residential, farm, and small business property. Amends the School Code to require that school districts certify income tax levies and amounts realized for property tax abatement purposes and to coordinate the calculation of school aid with the income tax levies by adjusting the operating tax rate accordingly. Amends the State Finance Act to create the School District Income Tax Fund. Effective immediately.

DateChamber Action
  2/4/2008HouseFiled with the Clerk by Rep. Ronald A. Wait
  2/6/2008HouseFirst Reading
  2/6/2008HouseReferred to Rules Committee
  2/26/2008HouseAssigned to Revenue Committee
  3/14/2008HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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