Illinois General Assembly - Bill Status for SB1550
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of SB1550  102nd General Assembly


Short Description:  INC TX-LGDF

Senate Sponsors
Sen. Donald P. DeWitte, Jil Tracy and John F. Curran

Last Action
DateChamber Action
  1/13/2021SenateSession 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 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) 6.06% of the net revenue realized from the tax imposed upon individuals, trusts, and estates and (ii) 6.85% of the net revenue realized from the tax imposed upon corporations).

Actions 
DateChamber Action
  2/15/2019SenateFiled with Secretary by Sen. Donald P. DeWitte
  2/15/2019SenateFirst Reading
  2/15/2019SenateReferred to Assignments
  2/27/2019SenateAssigned to Revenue
  3/6/2019SenatePostponed - Revenue
  3/22/2019SenateRule 3-9(a) / Re-referred to Assignments
  2/25/2020SenateAdded as Co-Sponsor Sen. Jil Tracy
  2/27/2020SenateAdded as Co-Sponsor Sen. John F. Curran
  1/13/2021SenateSession Sine Die

Back To Top