Bill Title: Amends the State Revenue Sharing Act. Provides that, in fiscal year 2018, each school district having Personal Property Tax Replacement Fund receipts totaling 13% or more of its total revenues in fiscal year 2016 shall receive an additional amount equal to 11% of the total amount distributed to the school district from the Personal Property Tax Replacement Fund during fiscal year 2016. Requires the State Board of Education to identify those school districts to the Department of Revenue. Provides that the total amount of additional distributions shall not exceed $4,353,136. Effective immediately.

Spectrum: Slight Partisan Bill (Republican 11-7)

Status: (Failed) 2019-01-09 - Session Sine Die [SB2260 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2018-04-11	HTML/Text	Link	View
Introduced	2017-11-01	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2260

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2260 currently on file.

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