Bill Status of HB3391  93rd General Assembly

Short Description:  INC TAX & PROP TAX-EDUCATION

House Sponsors
Rep. George Scully, Jr.

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

Statutes Amended In Order of Appearance
30 ILCS 105/5.595 new
30 ILCS 105/6z-59 new
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 5/202.5 new
35 ILCS 5/804from Ch. 120, par. 8-804
35 ILCS 5/901from Ch. 120, par. 9-901
35 ILCS 200/18-178 new
35 ILCS 200/18-255
35 ILCS 200/20-15
35 ILCS 200/21-30

Synopsis As Introduced
Amends the State Finance Act, the Illinois Income Tax Act, and the Property Tax Code. Beginning on July 1, 2003, increases income taxes and provides that two-thirds of the increased revenue shall be deposited into the School District Property Tax Relief Fund to fund property tax abatements and that one-third of the increased revenue shall be deposited into the Common School Fund. Provides a mechanism for property tax abatements. Effective July 1, 2003.

DateChamber Action
  2/28/2003HouseFiled with the Clerk by Rep. George Scully, Jr.
  2/28/2003HouseFirst Reading
  2/28/2003HouseReferred to Rules Committee
  3/5/2003HouseAssigned to Revenue Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die