Bill Status of HB1297  93rd General Assembly

Short Description:  SCHOOL DISTRICT INCOME TAX ACT

House Sponsors
Rep. Ronald A. Wait - Rosemary Kurtz

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.595 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.

Actions 
DateChamber Action
  2/5/2003HouseFiled with the Clerk by Rep. Ronald A. Wait
  2/5/2003HouseFirst Reading
  2/5/2003HouseReferred to Rules Committee
  2/6/2003HouseAssigned to Revenue Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  5/21/2003HouseAdded Chief Co-Sponsor Rep. Rosemary Kurtz
  1/11/2005HouseSession Sine Die