Bill Title: Amends the Service Occupation Tax Act and the Retailers' Occupation Tax Act. Requires that 28% of the tax proceeds under those Acts realized from the sale or transfer of coal be deposited to the Local Government Tax Fund, and provides that no amounts realized from the sale or transfer of coal be deposited into the County and Mass Transit District Fund. Amends the State Finance Act concerning the administration of the Local Government Tax Fund. Requires the Department of Revenue to certify the amount to be disbursed to a municipality or county that is realized from the 6.25% general rate on the selling price of coal. Limits the municipality's or county's use of that certified amount to certain economic-development purposes. Effective immediately.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2010-03-08 - Rule 3-9(a) / Re-referred to Assignments [SB2998 Detail]

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Bill Drafts

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Introduced	Not Avail	HTML/Text	Link	View

Amendments

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No bill amendments currently on file for Illinois SB2998

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2998 currently on file.