92nd General Assembly
Status of SB0299
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BURZYNSKI.

   New Act                                                                     
   30 ILCS 105/5.545 new                                                       
   30 ILCS 105/5.546 new                                                       
   35 ILCS 5/512             from Ch. 120, par. 5-512                          
   35 ILCS 200/18-45                                                           
   35 ILCS 200/18-182 new                                                      
   35 ILCS 200/18-185                                                          
   105 ILCS 5/18-8.05                                                          

        Creates the Local Option  School  District  Income  Tax  Act  and      
   amends the School Code, the State Finance Act, the Illinois Income Tax      
   Act,  and  the  Property  Tax  Code.  Authorizes  school  districts by      
   referendum to impose an income tax  on  individuals  resident  of  the      
   district.   Provides  that  with  referendum  approval, the income tax      
   shall be levied at an annual  rate,  adjusted  each  year,  that  will      
   produce  for  distribution  to  the  district in each calendar year an      
   amount equal to the corresponding 50% reduction that is required to be      
   made in the annual extension of  the  real  property  taxes  that  are      
   levied  by  the district against residential property for educational,      
   operations and maintenance, and transportation purposes and  that  are      
   collected and distributed to the district in the same calendar year in      
   which  the corresponding income tax revenues are distributed. Provides      
   for a referendum repeal of the  tax.    Provides  for  the  manner  of      
   levying  and  collecting  the  tax  and  for deposit of the income tax      
   revenues  in  the  educational,  operations   and   maintenance,   and      
   transportation  funds  of the district in proportion to the respective      
   amounts by which the taxes in those funds are abated.    Provides  for      
   disbursement  of  the  tax to school districts by the State Treasurer.      
   Amends the Property Tax Extension Limitation Law to exclude  from  the      
   definition  of  "aggregate  extension"  school district levies made to      
   cover amounts lost because of the repeal of the local income  tax  for      
   schools  as  formerly  imposed  by the district under the Local Option      
   School  District  Income  Tax  Act.  Amends  the  State  aid   formula      
   provisions  of the School Code.  Provides that the adoption or failure      
   to adopt a local income tax for schools and any disbursement of  funds      
   or  any  tax abatement required under the Local Option School District      
   Income Tax Act shall not affect the  computation  or  distribution  of      
   State aid for school districts.  Effective immediately.                     
   FEB-20-2001  S  FIRST READING                                                  
   FEB-20-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-21-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   MAY-31-2001  S            RULED EXEMPT UNDER SENATE RULE 3-9(B)        SRUL    
   MAY-31-2001  S                                           NOVEMBER 1, 2001.     
   MAY-31-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   NOV-02-2001  S  REFER TO RULES/PURSUANT SEN RULE 3-9 (B) RULES         SRUL    
   JAN-07-2003  S  SESSION SINE DIE                                               

   END OF INQUIRY 



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