IL HB6158 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Reduces the rate of tax on motor fuel to 1.25%. Amends the Motor Fuel Tax Law. Increases the amount of the tax to 34 cents per gallon beginning on July 1, 2012. Provides that, on July 1, 2013, and on July 1 of each year thereafter, the rate of tax shall be adjusted according to the percentage increase, if any, in the Consumer Price Index during the preceding 12-month calendar year. Provides that, of the proceeds collected under the Motor Fuel Tax Law, 15 cents per gallon shall be deposited into the Pension Stabilization Fund. Amends the Budget Stabilization Act. Makes changes concerning transfers from the General Revenue Fund to the Pension Stabilization Fund. Amends the Illinois Pension Code. In provisions concerning funding for the following systems: the General Assembly Retirement System; the State Employees' Retirement System; the State Universities Retirement System; the Teachers' Retirement System of the State of Illinois; and the Judges Retirement System of Illinois, provides that the minimum State contribution to the System for each fiscal year shall be an amount determined by the System to be sufficient to bring the total assets of the System up to 100% (instead of 90%) of the total actuarial liabilities of the System by the end of State fiscal year 2043 (instead of 2045). Provides that the State is contractually obligated to the each of those systems to pay the Annual Required State Contribution. Contains provisions requiring the systems to bring a Mandamus action in the Circuit Court of Champaign County against the State to compel the State to make any installment of the Annual Required State Contribution. 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.

Title

MOTOR FUEL-PENSION

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2012-05-30HouseAdded Chief Co-Sponsor Rep. Michael W. Tryon
2012-05-01HouseAdded Chief Co-Sponsor Rep. Sandra M. Pihos
2012-04-24HouseReferred to Rules Committee
2012-04-24HouseFirst Reading
2012-04-20HouseFiled with the Clerk by Rep. Mike Fortner

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3012220Amended CodeCitation Text
3012225Amended CodeCitation Text
351053-10Amended CodeCitation Text
351103-10Amended CodeCitation Text
351153-10Amended CodeCitation Text
351202-10Amended CodeCitation Text
355052Amended CodeCitation Text
355058Amended CodeCitation Text
40514-131Amended CodeCitation Text
40515-155Amended CodeCitation Text
40516-158Amended CodeCitation Text
40518-131Amended CodeCitation Text
4052-124Amended CodeCitation Text

Illinois State Sources


Bill Comments

feedback