91st General Assembly
Status of SB1639
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LINK-JACOBS-DELEO-VIVERITO.

   New Act                                                                     
   30 ILCS 105/5.541 new                                                       
   30 ILCS 105/5.542 new                                                       
   30 ILCS 105/5.543 new                                                       
   30 ILCS 105/5.540 rep.                                                      
   30 ILCS 105/6z-43 rep.                                                      
   35 ILCS 130/2             from Ch. 120, par. 453.2                          

        Creates the Tobacco  Settlement  Proceeds  Distribution  Act  and      
   amends  the  State  Finance  Act and the Cigarette Tax Act.  Creates 3      
   special funds in the State  treasury:  the  Tobacco  Settlement  Trust      
   Fund,  the  Tobacco  Settlement  Taxpayer Rebate Fund, and the Tobacco      
   Settlement Health Fund.  Provides that on  July  1,  2000,  the  State      
   Comptroller  shall order the State Treasurer to transfer all moneys in      
   the Tobacco Settlement Recovery Fund into the Tobacco Settlement Trust      
   Fund.  Provides that  the  State  Treasurer  shall  deposit  into  the      
   Tobacco Settlement Trust Fund all moneys paid to the State pursuant to      
   a tobacco settlement agreement as well as any other moneys as provided      
   by law.  Provides for transfers from the Tobacco Settlement Trust Fund      
   into  the  Tobacco  Settlement  Taxpayer  Rebate  Fund and the Tobacco      
   Settlement Health Fund. Provides  for  a  rebate  payment  to  persons      
   filing  an Illinois income tax return. Provides that 35% of the moneys      
   that are received by the State pursuant to the Cigarette Tax  Act  and      
   the  Cigarette  Use Tax Act and that are paid into the General Revenue      
   Fund shall be transferred into the  Tobacco  Settlement  Health  Fund.      
   Effective July 1, 2000.                                                     
   00-02-02  S  FIRST READING                                                  
   00-02-02  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   01-01-09  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary