Bill Title: 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.

Sponsorship: Partisan Bill (Republican 5)

Status: (Introduced - Dead) 2025-03-18 - Added as Chief Co-Sponsor Sen. Darby A. Hills [SB0136 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Introduced	2025-01-17	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB0136

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0136 currently on file.