Sen. Jil Tracy

Filed: 4/5/2019





10100SB1552sam001LRB101 09644 HLH 59003 a


2    AMENDMENT NO. ______. Amend Senate Bill 1552 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The State Revenue Sharing Act is amended by
5adding Section 11.3 as follows:
6    (30 ILCS 115/11.3 new)
7    Sec. 11.3. Funding of certain school districts.
8    (a) On July 1, 2019, or as soon as practical thereafter,
9the State Board of Education shall identify to the Department
10of Revenue school districts having Personal Property Tax
11Replacement Fund receipts in fiscal year 2018 totaling 13% or
12more of their total revenues for fiscal year 2018.
13    (b) In fiscal year 2020, any school district identified
14under subsection (a) shall receive, in addition to its annual
15distributions from the Personal Property Tax Replacement Fund,
1619% of the total amount distributed to the school district from



10100SB1552sam001- 2 -LRB101 09644 HLH 59003 a

1the Personal Property Tax Replacement Fund during fiscal year
22018, provided that the total amount of additional
3distributions under this Section shall not exceed $4,769,101.
4If the total additional distributions exceed $4,769,101, such
5distributions shall be calculated on a pro rata basis, based on
6the percentage of each district's total fiscal year 2018
7revenues to the total fiscal year 2018 revenues of all
8districts qualifying for an additional distribution under this
10    Section 99. Effective date. This Act takes effect upon
11becoming law.".