IL SB0136 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Republican 5)
Status: Introduced on January 17 2025 - 25% progression, died in committee
Action: 2025-03-18 - Added as Chief Co-Sponsor Sen. Darby A. Hills
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 17 2025 - 25% progression, died in committee
Action: 2025-03-18 - Added as Chief Co-Sponsor Sen. Darby A. Hills
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (currently, the amount transferred is equal to the sum of (i) 6.47% of the net revenue realized from the tax imposed upon individuals, trusts, and estates during the preceding month; (ii) 6.85% of the net revenue realized from the tax imposed upon corporations during the preceding month; and (iii) 6.47% of the net revenue realized from the tax imposed upon electing pass-through entities). Effective immediately.
Title
INC TX-LGDF
Sponsors
| Sen. Donald DeWitte [R] | Sen. Darby Hills [R] | Sen. Chris Balkema [R] | Sen. Li Arellano [R] |
| Sen. Sally Turner [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-03-18 | Senate | Added as Chief Co-Sponsor Sen. Darby A. Hills |
| 2025-03-05 | Senate | Added as Co-Sponsor Sen. Sally J. Turner |
| 2025-03-05 | Senate | Added as Co-Sponsor Sen. Li Arellano, Jr. |
| 2025-01-28 | Senate | Added as Co-Sponsor Sen. Chris Balkema |
| 2025-01-17 | Senate | Referred to Assignments |
| 2025-01-17 | Senate | First Reading |
| 2025-01-17 | Senate | Filed with Secretary by Sen. Donald P. DeWitte |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 901 | Amended Code | Citation Text |
