Bill Title: Amends the Illinois Income Tax Act. Provides that, beginning on July 1, 2020, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be equal to 1/10 of the net revenue realized from the income tax imposed on individuals, trusts, estates, and corporations during the preceding month. Effective July 1, 2020.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB3784 Detail]

Text: Latest bill text (Introduced) [HTML]

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