Illinois General Assembly

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 Bill Status of SB0750  95th General Assembly


Short Description:  PROP TX-SCHOOL DIST

Senate Sponsors
Sen. James T. Meeks - Kimberly A. Lightford - Jacqueline Y. Collins - Rickey R. Hendon - Kwame Raoul and M. Maggie Crotty

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/5.675 new
30 ILCS 105/6z-69 new
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 5/203from Ch. 120, par. 2-203
35 ILCS 5/247 new
35 ILCS 105/2from Ch. 120, par. 439.2
35 ILCS 105/3-50 rep.from Ch. 120, par. 439.3-50
35 ILCS 110/2from Ch. 120, par. 439.32
35 ILCS 115/2from Ch. 120, par. 439.102
35 ILCS 120/1from Ch. 120, par. 440
35 ILCS 120/2-5from Ch. 120, par. 441-5
35 ILCS 120/1d rep.from Ch. 120, par. 440d
35 ILCS 120/1f rep.from Ch. 120, par. 440f
35 ILCS 200/18-178 new
35 ILCS 200/18-255
35 ILCS 200/20-15
35 ILCS 200/21-30
35 ILCS 505/2bfrom Ch. 120, par. 418b
105 ILCS 5/18-8.05
105 ILCS 5/18-8.15 new
105 ILCS 5/18-25 new


Synopsis As Introduced
Amends the State Finance Act. Creates the School District Property Tax Relief Fund. Requires annual appropriations from the education appropriation minimum to the Fund. Requires the Department of Revenue to annually certify the amounts of property tax relief grants that school districts will receive from the Fund. Sets forth procedures for appropriating these grants. Amends the Illinois Income Tax Act. Increases the tax rate for individuals, trusts, and estates from 3% to 5% and increased the tax rate for corporations from 4.8% to 8%. Includes retirement income within the definition of "base income" for certain individuals. Eliminates certain corporate exemptions. Creates the Family Tax Credit. Amends the use and occupation tax Acts. Eliminates exemptions concerning newsprint and ink and concerning manufacturing and assembling machinery. Includes certain arts, entertainment, and recreation services within the definition of "sale at retail". Amends the Property Tax Code. Requires county clerks to abate the extensions for educational purposes by the amount of the property tax relief grants. Amends the Motor Fuel Tax Law. Deletes provisions concerning certain discounts. Amends the School Code. In the State aid formula provisions, increases the foundation level of support and grant amount for supplemental general State aid. Provides for an education appropriation minimum and supplemental State aid for rapidly expanding school districts. Effective immediately.

Actions 
DateChamber Action
  2/8/2007SenateFiled with Secretary by Sen. James T. Meeks
  2/8/2007SenateChief Co-Sponsor Sen. Kimberly A. Lightford
  2/8/2007SenateChief Co-Sponsor Sen. Jacqueline Y. Collins
  2/8/2007SenateChief Co-Sponsor Sen. Rickey R. Hendon
  2/8/2007SenateChief Co-Sponsor Sen. Kwame Raoul
  2/8/2007SenateCo-Sponsor Sen. M. Maggie Crotty
  2/8/2007SenateFirst Reading
  2/8/2007SenateReferred to Rules
  2/21/2007SenateAssigned to Executive
  3/14/2007SenateRule 2-10 Committee Deadline Established As March 30, 2007
  7/9/2007SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Martin A. Sandoval
  7/9/2007SenateSenate Committee Amendment No. 1 Referred to Rules
  12/3/2007SenatePursuant to Senate Rule 3-9(b) / Referred to Rules
  1/13/2009SenateSession Sine Die

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