Illinois General Assembly - Full Text of SB0687
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Full Text of SB0687  101st General Assembly

SB0687ham001 101ST GENERAL ASSEMBLY

Rep. Michael J. Zalewski

Filed: 5/28/2019

 

 


 

 


 
10100SB0687ham001LRB101 04448 HLH 61175 a

1
AMENDMENT TO SENATE BILL 687

2    AMENDMENT NO. ______. Amend Senate Bill 687 by replacing
3everything from line 26 on page 53 through line 6 on page 54
4with the following:
5"preceding month. Beginning February 1, 2021, the Treasurer
6shall transfer each month from the General Revenue Fund to the
7Local Government Distributive Fund an amount equal to the sum
8of (i) 5.32% of the net revenue realized from the tax imposed
9by subsections (a) and (b) of Section 201 of this Act upon
10individuals, trusts, and estates during the preceding month and
11(ii) 6.16% of the net revenue realized from the tax imposed by
12subsections (a) and (b) of Section 201 of this Act upon
13corporations during the preceding month. Net revenue realized
14for a month".