Bill Amendment: IL SB1552 | 2019-2020 | 101st General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: REVENUE-SCHOOL DISTRICTS

Status: 2021-01-13 - Session Sine Die [SB1552 Detail]

Download: Illinois-2019-SB1552-Senate_Amendment_001.html

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Sen. Jil Tracy

Filed: 4/5/2019

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AMENDMENT TO SENATE BILL 1552
AMENDMENT NO. ______. Amend Senate Bill 1552 by replacing
everything after the enacting clause with the following:
"Section 5. The State Revenue Sharing Act is amended by
adding Section 11.3 as follows:
(30 ILCS 115/11.3 new)
Sec. 11.3. Funding of certain school districts.
(a) On July 1, 2019, or as soon as practical thereafter,
the State Board of Education shall identify to the Department
of Revenue school districts having Personal Property Tax
Replacement Fund receipts in fiscal year 2018 totaling 13% or
more of their total revenues for fiscal year 2018.
(b) In fiscal year 2020, any school district identified
under subsection (a) shall receive, in addition to its annual
distributions from the Personal Property Tax Replacement Fund,
19% of the total amount distributed to the school district from

10100SB1552sam001 - 2 - LRB101 09644 HLH 59003 a
the Personal Property Tax Replacement Fund during fiscal year
2018, provided that the total amount of additional
distributions under this Section shall not exceed $4,769,101.
If the total additional distributions exceed $4,769,101, such
distributions shall be calculated on a pro rata basis, based on
the percentage of each district's total fiscal year 2018
revenues to the total fiscal year 2018 revenues of all
districts qualifying for an additional distribution under this
Section.
Section 99. Effective date. This Act takes effect upon
becoming law.".