Illinois General Assembly - Bill Status for HB0538
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 Bill Status of HB0538  95th General Assembly

Short Description:  NCAA RECEIPTS TAX ACT

House Sponsors
Rep. Chapin Rose and Kurt M. Granberg

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

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.675 new

Synopsis As Introduced
Creates the NCAA Receipts Tax Act and amends the State Finance Act. Imposes a tax on the NCAA at a rate of 10% of its Illinois gross receipts. Sets forth procedures and requirements for tax returns and the quarterly payments of estimated taxes. Sets forth the powers and duties of the Department of Revenue in administering and collecting the tax. Prohibits the NCAA from using the tax imposed under this Act as a basis for reducing the amount of payments for any reason to member-schools in Illinois. Requires the Department to deposit the tax proceeds into the Collegiate Athletic Revenue Fund, a special fund in the State treasury. Requires the Board of Higher Education to distribute the moneys in the Fund, subject to appropriation, to each State university pro rata based on the number of students enrolled in each university. Effective immediately.

DateChamber Action
  1/31/2007HouseFiled with the Clerk by Rep. Chapin Rose
  2/1/2007HouseFirst Reading
  2/1/2007HouseReferred to Rules Committee
  2/7/2007HouseAssigned to Revenue Committee
  2/23/2007HouseAdded Co-Sponsor Rep. Kurt M. Granberg
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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