Bill Title: Amends the Illinois Income Tax Act. Provides that the State Treasurer shall transfer each month from the General Revenue Fund to the Local Government Distributive Fund an amount equal to 1/10 of the net revenue realized under Act during the preceding month. Removes language pertaining to the amount of transfers from the General Revenue Fund to the Local Government Distributive Fund beginning February 1, 2015. Effective immediately.

Sponsorship: Partisan Bill (Republican 1)

Status: (Failed) 2013-01-08 - Session Sine Die [HB5077 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2012-02-07	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5077

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5077 currently on file.