Bill Status of HB0158  101st General Assembly

Short Description:  INC TX-LGDF

House Sponsors
Rep. Anthony DeLuca - Emanuel Chris Welch - Debbie Meyers-Martin, Margo McDermed, Terra Costa Howard, Stephanie A. Kifowit, Barbara Hernandez and Diane Pappas

Last Action
DateChamber Action
  1/13/2021HouseSession 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, from February 1, 2020 through January 31, 2021, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 8.5% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.355% of the net revenue realized from the tax imposed on corporations. Provides that, from February 1, 2021 through January 31, 2022, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 9% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.57% of the net revenue realized from the tax imposed on corporations. Provides that, from February 1, 2022 through January 31, 2023, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 9.5% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.785% of the net revenue realized from the tax imposed on corporations. Provides that, beginning on February 1, 2023, the Treasurer shall transfer each month from the General Revenue Fund to the Local Government Distributive Fund an amount equal to 10% of the net revenue realized from the tax imposed on individuals, trusts, estates, and corporations during the preceding month. Effective immediately.

 Fiscal Note (Dept. of Revenue)
 Although increasing the Local Government Distributive Fund (LGDF) diversion rate would have no effect on gross corporate or individual income taxes, there would be a decrease to the amount deposited into the General Revenue Fund and a corresponding increase to the amount deposited into the LGDF. Because the diversion rate would increase in February of each calendar year for four consecutive years beginning in 2020, the additional amount of money deposited into the LGDF would increase gradually for each of the next several fiscal years.

Actions 
DateChamber Action
  12/11/2018HousePrefiled with Clerk by Rep. Anthony DeLuca
  1/9/2019HouseFirst Reading
  1/9/2019HouseReferred to Rules Committee
  2/5/2019HouseAssigned to Cities & Villages Committee
  2/8/2019HouseAdded Chief Co-Sponsor Rep. Emanuel Chris Welch
  2/13/2019HouseDo Pass / Short Debate Cities & Villages Committee; 010-000-000
  2/14/2019HousePlaced on Calendar 2nd Reading - Short Debate
  2/19/2019HouseFiscal Note Requested by Rep. Tom Demmer
  2/19/2019HouseAdded Chief Co-Sponsor Rep. Debbie Meyers-Martin
  2/26/2019HouseSecond Reading - Short Debate
  2/26/2019HouseHeld on Calendar Order of Second Reading - Short Debate
  2/26/2019HouseAdded Co-Sponsor Rep. Margo McDermed
  2/27/2019HouseFiscal Note Filed
  3/6/2019HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/15/2019HouseAdded Co-Sponsor Rep. Terra Costa Howard
  4/10/2019HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  4/11/2019HouseAdded Co-Sponsor Rep. Barbara Hernandez
  4/12/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/28/2020HouseApproved for Consideration Rules Committee; 003-001-000
  1/28/2020HousePlaced on Calendar Order of 3rd Reading - Short Debate
  2/5/2020HouseAdded Co-Sponsor Rep. Diane Pappas
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die