Bill Status of SB0136

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SB0136 - 104th General Assembly

INC TX-LGDF
Last Action
1/17/2025 - Senate: Referred to Assignments
Statutes Amended In Order of Appearance
35 ILCS 5/901
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (currently, the amount transferred is equal to the sum of (i) 6.47% of the net revenue realized from the tax imposed upon individuals, trusts, and estates during the preceding month; (ii) 6.85% of the net revenue realized from the tax imposed upon corporations during the preceding month; and (iii) 6.47% of the net revenue realized from the tax imposed upon electing pass-through entities). Effective immediately.
Actions
Date Chamber Action
1/17/2025 Senate Filed with Secretary by Sen. Donald P. DeWitte
1/17/2025 Senate First Reading
1/17/2025 Senate Referred to Assignments
1/28/2025 Senate Added as Co-Sponsor Sen. Chris Balkema
3/05/2025 Senate Added as Co-Sponsor Sen. Li Arellano, Jr.
3/05/2025 Senate Added as Co-Sponsor Sen. Sally J. Turner
3/18/2025 Senate Added as Chief Co-Sponsor Sen. Darby A. Hills