Date | Chamber | Action |
1/13/2021 | House | Session Sine Die |
30 ILCS 105/5.891 new |
30 ILCS 115/2 | from Ch. 85, par. 612 |
35 ILCS 5/901 | from Ch. 120, par. 9-901 |
65 ILCS 5/8-12-3 | from Ch. 24, par. 8-12-3 |
65 ILCS 5/8-12-4 | from Ch. 24, par. 8-12-4 |
65 ILCS 5/8-12-10 | from Ch. 24, par. 8-12-10 |
65 ILCS 5/8-12-18 | from Ch. 24, par. 8-12-18 |
65 ILCS 5/8-12-24 | from Ch. 24, par. 8-12-24 |
Fiscal Note (Dept. of Revenue) | |
As written, this bill would have no income tax revenue impact, nor would it have any impact on the General Revenue Fund. Although it appears that the intention of the bill is to provide more funds to "financially distressed cities" by transferring money from the General Revenue Fund to the newly created Financially Distressed Cities Fund, the formula used to determine the amount of that transfer does not accomplish this. For any amount of money to be transferred to the Financially Distressed Cities Fund, the formula needs to be based on a percentage greater than current Local Government Distribution Fund (LGDF) diversion rates (for fiscal year 2020, the LGDF rates are 6.06 percent of net individual income tax receipts and 6.85 percent of net corporate income tax receipts). The percentage used in this bill is 0.10 percent. |
Date | Chamber | Action | 1/24/2019 | House | Filed with the Clerk by Rep. William Davis | 1/24/2019 | House | Fiscal Note Requested by Rep. William Davis | 1/24/2019 | House | Home Rule Note Requested by Rep. William Davis | 1/28/2019 | House | First Reading | 1/28/2019 | House | Referred to Rules Committee | 2/5/2019 | House | Assigned to Revenue & Finance Committee | 2/7/2019 | House | Fiscal Note Filed | 2/14/2019 | House | To Income Tax Subcommittee | 3/7/2019 | House | Added Co-Sponsor Rep. Joe Sosnowski | 3/20/2019 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. William Davis | 3/20/2019 | House | House Committee Amendment No. 1 Referred to Rules Committee | 3/21/2019 | House | House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee | 3/28/2019 | House | Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 004-002-000 | 3/28/2019 | House | Reported Back To Revenue & Finance Committee; | 3/29/2019 | House | Rule 19(a) / Re-referred to Rules Committee | 3/29/2019 | House | House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee | 3/17/2020 | House | House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee | 3/17/2020 | House | Assigned to Revenue & Finance Committee | 6/23/2020 | House | Rule 19(b) / Re-referred to Rules Committee | 6/23/2020 | House | House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee | 1/13/2021 | House | Session Sine Die |