Illinois General Assembly - Bill Status for SB0509

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Bill Status of SB0509 98th General Assembly

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Short Description: INC TX-LGDF

Senate Sponsors
Sen. Donald P. DeWitte

Last Action

Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (currently, the amount transferred is 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). Effective immediately.

Actions

Date	Chamber	Action
2/23/2021	Senate	Filed with Secretary by Sen. Donald P. DeWitte
2/23/2021	Senate	First Reading
2/23/2021	Senate	Referred to Assignments
3/3/2021	Senate	Assigned to Revenue
3/19/2021	Senate	To Revenue- Special Issues
4/16/2021	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2023	Senate	Session Sine Die

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