Bill Amendment: IL SB1285 | 2017-2018 | 100th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: REVENUE-VARIOUS

Status: 2019-01-09 - Session Sine Die [SB1285 Detail]

Download: Illinois-2017-SB1285-Senate_Amendment_003.html

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Sen. Pamela J. Althoff

Filed: 4/25/2017

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AMENDMENT TO SENATE BILL 1285
AMENDMENT NO. ______. Amend Senate Bill 1285 on page 22, by
replacing lines 1 through 16 with the following:
"Comptroller, equal to the excess of the sum of the amount
of refunds resulting from overpayment of tax liability
under subsections (c) and (d) of Section 201 of this Act
paid from the Income Tax Refund Fund during the fiscal year
plus the amount of such refund claims received but neither
paid nor denied as of the end of the fiscal year over the
amount collected pursuant to subsections (c) and (d) of
Section 201 of this Act deposited into the Income Tax
Refund Fund during the fiscal year.
(4.5) As soon as possible after the end of fiscal year
1999 and of each fiscal year thereafter, the Director shall
order transferred and the State Treasurer and State
Comptroller shall transfer from the Income Tax Refund Fund
to the General Revenue Fund any surplus remaining in the
Income Tax Refund Fund as of the end of such fiscal year

10000SB1285sam003 - 2 - LRB100 08067 HLH 25445 a
(such surplus shall be net of the amount of refund claims
received but neither paid nor denied as of the end of the
fiscal year); excluding for fiscal years 2000, 2001, and
2002 amounts attributable to transfers under item (3) of
subsection (c) less refunds resulting from the earned
income tax credit."; and
on page 186, line 17, by replacing "Sections 8-35, 17-20, and
17-40" with "Sections 8-35 and 17-40"; and
by deleting everything from line 13 on page 189 through line 11
on page 190.