Illinois General Assembly - Bill Status for HB2887
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 Bill Status of HB2887  9th General Assembly

Short Description:  INC TX-PAST DUE BILLS

House Sponsors
Rep. Jeanne M Ives and Thomas Morrison

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/901from Ch. 120, par. 9-901
30 ILCS 105/5.826 new
30 ILCS 105/6z-98 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, beginning on August 1, 2013, the Department of Revenue shall certify each month to the State Comptroller and the State Treasurer an amount equal to the difference between (i) the net revenue realized from the tax imposed under the Act during the preceding month and (ii) the net revenue that would have been realized from the tax imposed under the Act during the preceding month if the tax had been imposed at the rates that were in effect for the taxable year beginning on January 1, 2010. Provides that the State Comptroller shall order transferred and the State Treasurer shall transfer from the General Revenue Fund to the State Fiscal Responsibility Fund the amount certified by the Department. Amends the State Finance Act to create the State Fiscal Responsibility Fund. Provides that moneys in the Fund shall be used to make payments to bona fide creditors of the State who: (1) have submitted a bill or invoice to the State that (A) was properly approved under rules adopted under the State Prompt Payment Act, and (B) is more than 90 days past due; or (2) are entitled to payment from State funds if the State is more than 90 days delinquent in the payment of those funds. Effective immediately.

DateChamber Action
  2/25/2013HouseFiled with the Clerk by Rep. Jeanne M Ives
  2/26/2013HouseFirst Reading
  2/26/2013HouseReferred to Rules Committee
  3/4/2013HouseAssigned to Revenue & Finance Committee
  3/11/2013HouseAdded Co-Sponsor Rep. Thomas Morrison
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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