IL HB4062 | 2023-2024 | 103rd General Assembly


Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on May 2 2023 - 25% progression
Action: 2023-05-10 - Added Co-Sponsor Rep. Jennifer Sanalitro
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]


Amends the Illinois Income Tax Act. Provides that the following amounts shall be deposited into the Local Government Distributive Fund as the revenue is realized from the specified taxes: (i) 10% of the net revenue realized from the tax imposed under the Act upon individuals, trusts, and estates; (ii) 10% of the net revenue realized from the tax imposed by the Act upon electing pass-through entities; and (iii) 10% of the net revenue realized from the tax imposed by the Act upon corporations. Amends the State Revenue Sharing Act to provide that amounts paid into the Local Government Distributive Fund are appropriated on a continuing basis. Effective immediately.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.





2023-05-10HouseAdded Co-Sponsor Rep. Jennifer Sanalitro
2023-05-02HouseReferred to Rules Committee
2023-05-02HouseFirst Reading
2023-05-02HouseAdded Chief Co-Sponsor Rep. John Egofske
2023-05-02HouseAdded Chief Co-Sponsor Rep. Anthony DeLuca
2023-05-02HouseAdded Chief Co-Sponsor Rep. Brad Stephens
2023-05-02HouseAdded Chief Co-Sponsor Rep. Tony M. McCombie
2023-05-02HouseFiled with the Clerk by Rep. Ryan Spain

Code Citations

ChapterArticleSectionCitation TypeStatute Text
301152Amended CodeCitation Text
355901Amended CodeCitation Text

Illinois State Sources

Bill Comments