IL HB0278 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Democrat 35-0)
Status: Engrossed on March 7 2017 - 50% progression
Action: 2017-03-08 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

Amends the Illinois Income Tax Act. Provides that, from February 1, 2017 through January 31, 2018, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 8.5% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.355% of the net revenue realized from the tax imposed on corporations. Provides that, from February 1, 2018 through January 31, 2019, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 9% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.57% of the net revenue realized from the tax imposed on corporations. Provides that, from February 1, 2019 through January 31, 2020, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 9.5% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.785% of the net revenue realized from the tax imposed on corporations. Provides that, beginning on February 1, 2020, the Treasurer shall transfer each month from the General Revenue Fund to the Local Government Distributive Fund an amount equal to 10% of the net revenue realized from the tax imposed on individuals, trusts, estates, and corporations during the preceding month. Effective immediately.

Tracking Information

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Title

INC TX-LGDF

Sponsors


Roll Calls

2017-03-07 - House - Third Reading in House (Y: 67 N: 47 NV: 2 Abs: 0) [PASS]

History

DateChamberAction
2017-03-08SenateReferred to Assignments
2017-03-08SenateFirst Reading
2017-03-08SenateChief Senate Sponsor Sen. Thomas Cullerton
2017-03-08SenatePlaced on Calendar Order of First Reading
2017-03-08SenateArrive in Senate
2017-03-07HouseThird Reading - Short Debate - Passed 067-047-000
2017-02-24HouseAdded Co-Sponsor Rep. Natalie A. Manley
2017-02-24HouseAdded Co-Sponsor Rep. Sam Yingling
2017-02-24HouseAdded Co-Sponsor Rep. Katie Stuart
2017-02-24HouseAdded Co-Sponsor Rep. Michael J. Zalewski
2017-02-24HouseAdded Co-Sponsor Rep. Justin Slaughter
2017-02-24HouseAdded Co-Sponsor Rep. Jay Hoffman
2017-02-24HouseAdded Co-Sponsor Rep. Mary E. Flowers
2017-02-24HouseAdded Co-Sponsor Rep. Lawrence Walsh, Jr.
2017-02-24HouseAdded Co-Sponsor Rep. Carol Sente
2017-02-24HouseAdded Co-Sponsor Rep. Theresa Mah
2017-02-24HouseAdded Co-Sponsor Rep. Sonya M. Harper
2017-02-23HousePlaced on Calendar Order of 3rd Reading - Short Debate
2017-02-23HouseAdded Co-Sponsor Rep. Sue Scherer
2017-02-23HouseAdded Co-Sponsor Rep. Deb Conroy
2017-02-23HouseAdded Co-Sponsor Rep. Jerry Costello, II
2017-02-23HouseAdded Co-Sponsor Rep. Daniel V. Beiser
2017-02-23HouseAdded Co-Sponsor Rep. Brandon W. Phelps
2017-02-22HouseFiscal Note Filed
2017-02-22HouseAdded Co-Sponsor Rep. Rita Mayfield
2017-02-22HouseAdded Co-Sponsor Rep. Thaddeus Jones
2017-02-22HouseAdded Co-Sponsor Rep. Frances Ann Hurley
2017-02-22HouseAdded Co-Sponsor Rep. Al Riley
2017-02-22HouseAdded Co-Sponsor Rep. Camille Y. Lilly
2017-02-22HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
2017-02-22HouseAdded Co-Sponsor Rep. Anna Moeller
2017-02-22HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
2017-02-22HouseAdded Co-Sponsor Rep. William Davis
2017-02-22HouseAdded Co-Sponsor Rep. John C. D'Amico
2017-02-22HouseAdded Co-Sponsor Rep. Robert Rita
2017-02-22HouseAdded Co-Sponsor Rep. André Thapedi
2017-02-21HouseAdded Co-Sponsor Rep. Michael Halpin
2017-02-21HouseAdded Chief Co-Sponsor Rep. Emanuel Chris Welch
2017-02-16HouseHeld on Calendar Order of Second Reading - Short Debate
2017-02-16HouseSecond Reading - Short Debate
2017-02-15HouseFiscal Note Requested by Rep. Tom Demmer
2017-02-09HouseAdded Co-Sponsor Rep. Silvana Tabares
2017-02-08HouseAdded Chief Co-Sponsor Rep. Kathleen Willis
2017-02-08HouseAdded Chief Co-Sponsor Rep. Martin J. Moylan
2017-02-08HousePlaced on Calendar 2nd Reading - Short Debate
2017-02-08HouseDo Pass / Short Debate Cities & Villages Committee; 008-005-000
2017-01-25HouseAssigned to Cities & Villages Committee
2017-01-11HouseReferred to Rules Committee
2017-01-11HouseFirst Reading
2017-01-05HousePrefiled with Clerk by Rep. Anthony DeLuca

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355901Amended CodeCitation Text

Illinois State Sources


Bill Comments

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