98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB1376

 

Introduced , by Rep. Daniel V. Beiser

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 105/6z-17  from Ch. 127, par. 142z-17

    Amends the State Finance Act. Provides that moneys paid to the Madison County Mass Transit District from the State and Local Sales Tax Reform Fund shall be paid subject to appropriation to the Department of Revenue (instead of the Department of Transportation). Effective immediately.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

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1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Finance Act is amended by changing
5Section 6z-17 as follows:
 
6    (30 ILCS 105/6z-17)  (from Ch. 127, par. 142z-17)
7    Sec. 6z-17. Of the money paid into the State and Local
8Sales Tax Reform Fund: (i) subject to appropriation to the
9Department of Revenue, Municipalities having 1,000,000 or more
10inhabitants shall receive 20% and may expend such amount to
11fund and establish a program for developing and coordinating
12public and private resources targeted to meet the affordable
13housing needs of low-income and very low-income households
14within such municipality, (ii) 10% shall be transferred into
15the Regional Transportation Authority Occupation and Use Tax
16Replacement Fund, a special fund in the State treasury which is
17hereby created, (iii) until July 1, 2013, subject to
18appropriation to the Department of Transportation, the The
19Madison County Mass Transit District shall receive .6%, and
20beginning on July 1, 2013, subject to appropriation to the
21Department of Revenue, 0.6% shall be distributed each month out
22of the Fund to the Madison County Mass Transit District, (iv)
23the following amounts, plus any cumulative deficiency in such

 

 

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1transfers for prior months, shall be transferred monthly into
2the Build Illinois Fund and credited to the Build Illinois Bond
3Account therein:
4Fiscal YearAmount
51990$2,700,000
619911,850,000
719922,750,000
819932,950,000
9    From Fiscal Year 1994 through Fiscal Year 2025 the transfer
10shall total $3,150,000 monthly, plus any cumulative deficiency
11in such transfers for prior months, and (v) the remainder of
12the money paid into the State and Local Sales Tax Reform Fund
13shall be transferred into the Local Government Distributive
14Fund and, except for municipalities with 1,000,000 or more
15inhabitants which shall receive no portion of such remainder,
16shall be distributed, subject to appropriation, in the manner
17provided by Section 2 of "An Act in relation to State revenue
18sharing with local government entities", approved July 31,
191969, as now or hereafter amended. Municipalities with more
20than 50,000 inhabitants according to the 1980 U.S. Census and
21located within the Metro East Mass Transit District receiving
22funds pursuant to provision (v) of this paragraph may expend
23such amounts to fund and establish a program for developing and
24coordinating public and private resources targeted to meet the
25affordable housing needs of low-income and very low-income
26households within such municipality.

 

 

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1(Source: P.A. 95-708, eff. 1-18-08.)
 
2    Section 99. Effective date. This Act takes effect upon
3becoming law.