SB1552sam001 101ST GENERAL ASSEMBLY
Sen. Jil Tracy
Filed: 4/5/2019
 
 

 

 

 
10100SB1552sam001LRB101 09644 HLH 59003 a



1
AMENDMENT TO SENATE BILL 1552 




2    AMENDMENT NO. ______. Amend Senate Bill 1552 by replacing 
3everything after the enacting clause with the following:


 
 
4    "Section 5. The State Revenue Sharing Act is amended  by 
5adding Section 11.3 as follows:
 
6    (30 ILCS 115/11.3 new)
7    Sec. 11.3. Funding of certain school districts.
8    (a) On July 1, 2019, or as soon as practical thereafter, 
9the State Board of Education shall identify to the Department 
10of Revenue school districts having Personal Property Tax 
11Replacement Fund receipts in fiscal year 2018 totaling 13% or 
12more of their total revenues for fiscal year 2018. 
13    (b) In fiscal year 2020, any school district identified 
14under subsection (a) shall receive, in addition to its annual 
15distributions from the Personal Property Tax Replacement Fund, 
1619% of the total amount distributed to the school district from 
 
 
10100SB1552sam001- 2 -LRB101 09644 HLH 59003 a

1the Personal Property Tax Replacement Fund during fiscal year 
22018, provided that the total amount of additional 
3distributions under this Section shall not exceed $4,769,101. 
4If the total additional distributions exceed $4,769,101, such 
5distributions shall be calculated on a pro rata basis, based on 
6the percentage of each district's total fiscal year 2018 
7revenues  to the total fiscal year 2018 revenues of all 
8districts qualifying for an additional distribution under this 
9Section. 
 
 
10    Section 99. Effective date. This Act takes effect upon 
11becoming law.".