Illinois General Assembly - Bill Status for HB0278
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 Bill Status of HB0278  100th General Assembly

Short Description:  INC TX-LGDF

House Sponsors
Rep. Anthony DeLuca - Martin J. Moylan - Kathleen Willis - Emanuel Chris Welch, Silvana Tabares, Michael Halpin, André Thapedi, Robert Rita, John C. D'Amico, William Davis, Linda Chapa LaVia, Anna Moeller, Marcus C. Evans, Jr., Camille Y. Lilly, Al Riley, Frances Ann Hurley, Thaddeus Jones, Rita Mayfield, Brandon W. Phelps, Daniel V. Beiser, Jerry Costello, II, Deb Conroy, Sue Scherer, Sonya M. Harper, Theresa Mah, Carol Sente, Lawrence Walsh, Jr., Mary E. Flowers, Jay Hoffman, Justin Slaughter, Michael J. Zalewski, Katie Stuart, Sam Yingling and Natalie A. Manley

Senate Sponsors
(Sen. Pat McGuire and Laura M. Murphy)

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/901from Ch. 120, par. 9-901


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, from February 1, 2017 through January 31, 2018, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 8.5% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.355% of the net revenue realized from the tax imposed on corporations. Provides that, from February 1, 2018 through January 31, 2019, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 9% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.57% of the net revenue realized from the tax imposed on corporations. Provides that, from February 1, 2019 through January 31, 2020, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 9.5% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.785% of the net revenue realized from the tax imposed on corporations. Provides that, beginning on February 1, 2020, the Treasurer shall transfer each month from the General Revenue Fund to the Local Government Distributive Fund an amount equal to 10% of the net revenue realized from the tax imposed on individuals, trusts, estates, and corporations during the preceding month. Effective immediately.

 Fiscal Note (Dept. of Revenue)
 Although this bill would have no effect on total revenue, the Department of Revenue estimates that deposits into the General Revenue Fund for fiscal year 2017 would be reduced by $30 million. Deposits into the General Revenue Fund for fiscal year 2018 would be reduced by $100 million. Deposits into the General Revenue Fund for fiscal year 2019 would be reduced by $175 million. Deposits into the General Revenue Fund for fiscal year 2020 would be reduced by $258 million. Deposits into the General Revenue Fund for fiscal year 2121 would be reduced by $314 million. After that, the amount of deposits into General Revenue Fund would be reduced increasingly, as individual income tax and corporate income tax revenue keep growing. This estimate was calculated by multiplying the net corporate income tax and individual income tax revenue forecasts by the difference between actual Local Government Distributive Fund transfer percentages and proposed Local Government Distributive Fund transfer percentages.

Actions 
DateChamber Action
  1/5/2017HousePrefiled with Clerk by Rep. Anthony DeLuca
  1/11/2017HouseFirst Reading
  1/11/2017HouseReferred to Rules Committee
  1/25/2017HouseAssigned to Cities & Villages Committee
  2/8/2017HouseDo Pass / Short Debate Cities & Villages Committee; 008-005-000
  2/8/2017HousePlaced on Calendar 2nd Reading - Short Debate
  2/8/2017HouseAdded Chief Co-Sponsor Rep. Martin J. Moylan
  2/8/2017HouseAdded Chief Co-Sponsor Rep. Kathleen Willis
  2/9/2017HouseAdded Co-Sponsor Rep. Silvana Tabares
  2/15/2017HouseFiscal Note Requested by Rep. Tom Demmer
  2/16/2017HouseSecond Reading - Short Debate
  2/16/2017HouseHeld on Calendar Order of Second Reading - Short Debate
  2/21/2017HouseAdded Chief Co-Sponsor Rep. Emanuel Chris Welch
  2/21/2017HouseAdded Co-Sponsor Rep. Michael Halpin
  2/22/2017HouseAdded Co-Sponsor Rep. André Thapedi
  2/22/2017HouseAdded Co-Sponsor Rep. Robert Rita
  2/22/2017HouseAdded Co-Sponsor Rep. John C. D'Amico
  2/22/2017HouseAdded Co-Sponsor Rep. William Davis
  2/22/2017HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  2/22/2017HouseAdded Co-Sponsor Rep. Anna Moeller
  2/22/2017HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
  2/22/2017HouseAdded Co-Sponsor Rep. Camille Y. Lilly
  2/22/2017HouseAdded Co-Sponsor Rep. Al Riley
  2/22/2017HouseAdded Co-Sponsor Rep. Frances Ann Hurley
  2/22/2017HouseAdded Co-Sponsor Rep. Thaddeus Jones
  2/22/2017HouseAdded Co-Sponsor Rep. Rita Mayfield
  2/22/2017HouseFiscal Note Filed
  2/23/2017HouseAdded Co-Sponsor Rep. Brandon W. Phelps
  2/23/2017HouseAdded Co-Sponsor Rep. Daniel V. Beiser
  2/23/2017HouseAdded Co-Sponsor Rep. Jerry Costello, II
  2/23/2017HouseAdded Co-Sponsor Rep. Deb Conroy
  2/23/2017HouseAdded Co-Sponsor Rep. Sue Scherer
  2/23/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  2/24/2017HouseAdded Co-Sponsor Rep. Sonya M. Harper
  2/24/2017HouseAdded Co-Sponsor Rep. Theresa Mah
  2/24/2017HouseAdded Co-Sponsor Rep. Carol Sente
  2/24/2017HouseAdded Co-Sponsor Rep. Lawrence Walsh, Jr.
  2/24/2017HouseAdded Co-Sponsor Rep. Mary E. Flowers
  2/24/2017HouseAdded Co-Sponsor Rep. Jay Hoffman
  2/24/2017HouseAdded Co-Sponsor Rep. Justin Slaughter
  2/24/2017HouseAdded Co-Sponsor Rep. Michael J. Zalewski
  2/24/2017HouseAdded Co-Sponsor Rep. Katie Stuart
  2/24/2017HouseAdded Co-Sponsor Rep. Sam Yingling
  2/24/2017HouseAdded Co-Sponsor Rep. Natalie A. Manley
  3/7/2017HouseThird Reading - Short Debate - Passed 067-047-000
  3/8/2017SenateArrive in Senate
  3/8/2017SenatePlaced on Calendar Order of First Reading
  3/8/2017SenateChief Senate Sponsor Sen. Thomas Cullerton
  3/8/2017SenateFirst Reading
  3/8/2017SenateReferred to Assignments
  11/7/2018SenateApproved for Consideration Assignments
  11/7/2018SenatePlaced on Calendar Order of 2nd Reading November 13, 2018
  11/15/2018SenateSecond Reading
  11/15/2018SenatePlaced on Calendar Order of 3rd Reading November 27, 2018
  11/15/2018SenateAdded as Alternate Co-Sponsor Sen. Laura M. Murphy
  11/28/2018SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Pat McGuire
  11/28/2018SenateSenate Floor Amendment No. 1 Referred to Assignments
  11/28/2018SenateAlternate Chief Sponsor Changed to Sen. Pat McGuire
  11/28/2018SenateSenate Floor Amendment No. 1 Be Approved for Consideration Assignments
  12/29/2018SenateSenate Floor Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
  12/29/2018SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/8/2019HouseSession Sine Die

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