91st General Assembly
Status of HB0375
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Summary
WIRSING-WINTERS, LAWFER AND KOSEL.

   New Act                                                                     
   30 ILCS 105/5.490 new                                                       
   30 ILCS 105/5.491 new                                                       
   35 ILCS 5/512             from Ch. 120, par. 5-512                          
   35 ILCS 200/18-45                                                           
   35 ILCS 200/18-182 new                                                      
   35 ILCS 200/18-185                                                          
   105 ILCS 5/18-8.05                                                          

        Creates the Local Option  School  District  Income  Tax  Act  and      
   amends the School Code, the State Finance Act, the Illinois Income Tax      
   Act,  and  the  Property  Tax  Code.  Authorizes  school  districts by      
   referendum to impose an income tax  on  individuals  resident  of  the      
   district.   Provides  that  with  referendum  approval, the income tax      
   shall be levied at an annual  rate,  adjusted  each  year,  that  will      
   produce  for  distribution  to  the  district in each calendar year an      
   amount equal to the corresponding 50% reduction that is required to be      
   made in the annual extension of  the  real  property  taxes  that  are      
   levied  by  the district against residential property for educational,      
   operations and maintenance, and transportation purposes and  that  are      
   collected and distributed to the district in the same calendar year in      
   which  the corresponding income tax revenues are distributed. Provides      
   for a referendum repeal of the  tax.    Provides  for  the  manner  of      
   levying  and  collecting  the  tax  and  for deposit of the income tax      
   revenues  in  the  educational,  operations   and   maintenance,   and      
   transportation  funds  of the district in proportion to the respective      
   amounts by which the taxes in those funds are abated.    Provides  for      
   disbursement  of  the  tax to school districts by the State Treasurer.      
   Amends the Property Tax Extension Limitation Law in the Property Tax        
   Code to exclude from the definition of "aggregate extension" school         
   district levies made to cover amounts lost because of the repeal of         
   the local income tax for schools as formerly imposed by the district        
   under the Local Option School District Income Tax Act. Amends the           
   State aid formula provisions of the School Code. Provides that the          
   adoption of or failure to adopt a local income tax for school and any       
   disbursement of funds or any tax abatement required under the Local         
   Option School District Income Tax Act shall not affect the computation      
   or distribution of State aid for school districts. Effective                
   immediately.                                                                
   99-01-28  H  FILED WITH CLERK                                               
   99-01-28  H  FIRST READING                                                  
   99-01-28  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-02-02  H       ASSIGNED TO COMMITTEE               REVENUE               
   99-02-08  H  ADDED AS A JOINT SPONSOR                 WINTERS               
   99-02-09  H  ADDED AS A CO-SPONSOR                    LAWFER                
   99-02-09  H  ADDED AS A CO-SPONSOR                    KOSEL                 
   99-03-05  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   01-01-09  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary