Illinois General Assembly - Bill Status for SB0134

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Bill Status of SB0134 97th General Assembly

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Short Description: INC TX-INCREASE LGDF

Senate Sponsors
Sen. Martin A. Sandoval

Last Action

Date	Chamber	Action
1/8/2013	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/901

from Ch. 120, par. 9-901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that beginning on the first day of the first month to occur not less than 30 days after the effective date of the amendatory Act, the State Comptroller and the State Treasurer shall transfer each month from the General Revenue Fund to the Local Government Distributive Fund an amount equal to 1/10 of the income tax proceeds collected during the previous month, minus certain amounts paid as refunds (now, the amount transferred is a specified percentage based on the year the tax is collected and the rate of tax). Effective immediately.

Actions

Date	Chamber	Action
1/27/2011	Senate	Filed with Secretary by Sen. Martin A. Sandoval
1/27/2011	Senate	First Reading
1/27/2011	Senate	Referred to Assignments
2/9/2011	Senate	Assigned to Revenue
2/15/2011	Senate	To Revenue Subcommittee on Special Issues
3/18/2011	Senate	Rule 3-9(a) / Re-referred to Assignments
1/8/2013	Senate	Session Sine Die

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