Bill Sponsors: IL HB0278 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Illinois Income Tax Act. Provides that, from February 1, 2017 through January 31, 2018, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 8.5% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.355% of the net revenue realized from the tax imposed on corporations. Provides that, from February 1, 2018 through January 31, 2019, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 9% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.57% of the net revenue realized from the tax imposed on corporations. Provides that, from February 1, 2019 through January 31, 2020, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 9.5% of the net revenue realized from the tax imposed on individuals, trusts, and estates, and (ii) 9.785% of the net revenue realized from the tax imposed on corporations. Provides that, beginning on February 1, 2020, the Treasurer shall transfer each month from the General Revenue Fund to the Local Government Distributive Fund an amount equal to 10% of the net revenue realized from the tax imposed on individuals, trusts, estates, and corporations during the preceding month. Effective immediately.

Spectrum: Partisan Bill (Democrat 35-0)

Status: (Engrossed) 2018-11-07 - Placed on Calendar Order of 2nd Reading November 13, 2018 [HB0278 Detail]

Text: Latest bill text (Engrossed) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Anthony DeLuca [D]PrimarySponsored BillsHD-080FollowTheMoneyBallotpediaVoteSmart
Representative Martin Moylan [D]CosponsorSponsored BillsHD-055FollowTheMoneyBallotpediaVoteSmart
Representative Kathleen Willis [D]CosponsorSponsored BillsHD-077FollowTheMoneyBallotpediaVoteSmart
Representative Emanuel Welch [D]CosponsorSponsored BillsHD-007FollowTheMoneyBallotpediaVoteSmart
Representative Silvana Tabares [D]CosponsorSponsored BillsHD-021FollowTheMoneyBallotpediaVoteSmart
Representative Michael Halpin [D]CosponsorSponsored BillsHD-072FollowTheMoneyBallotpediaVoteSmart
Representative Andre Thapedi [D]CosponsorSponsored BillsHD-032FollowTheMoneyBallotpediaVoteSmart
Representative Robert Rita [D]CosponsorSponsored BillsHD-028FollowTheMoneyBallotpediaVoteSmart
Representative John D'Amico [D]CosponsorSponsored BillsHD-015FollowTheMoneyBallotpediaVoteSmart
Representative William Davis [D]CosponsorSponsored BillsHD-030FollowTheMoneyBallotpediaVoteSmart
Representative Linda LaVia [D]CosponsorSponsored BillsHD-083FollowTheMoneyBallotpediaVoteSmart
Representative Anna Moeller [D]CosponsorSponsored BillsHD-043FollowTheMoneyBallotpediaVoteSmart
Representative Marcus Evans [D]CosponsorSponsored BillsHD-033FollowTheMoneyBallotpediaVoteSmart
Representative Camille Lilly [D]CosponsorSponsored BillsHD-078FollowTheMoneyBallotpediaVoteSmart
Representative Al Riley [D]CosponsorSponsored BillsHD-038FollowTheMoneyBallotpediaVoteSmart
Representative Frances Hurley [D]CosponsorSponsored BillsHD-035FollowTheMoneyBallotpediaVoteSmart
Representative Thaddeus Jones [D]CosponsorSponsored BillsHD-029FollowTheMoneyBallotpediaVoteSmart
Representative Rita Mayfield [D]CosponsorSponsored BillsHD-060FollowTheMoneyBallotpediaVoteSmart
Representative Brandon Phelps [D]CosponsorSponsored BillsHD-118FollowTheMoneyBallotpediaVoteSmart
Representative Daniel Beiser [D]CosponsorSponsored BillsHD-111FollowTheMoneyBallotpediaVoteSmart
Representative Jerry Costello [D]CosponsorSponsored BillsHD-116FollowTheMoneyBallotpediaVoteSmart
Representative Deborah Conroy [D]CosponsorSponsored BillsHD-046FollowTheMoneyBallotpediaVoteSmart
Representative Sue Scherer [D]CosponsorSponsored BillsHD-096FollowTheMoneyBallotpediaVoteSmart
Representative Sonya Harper [D]CosponsorSponsored BillsHD-006FollowTheMoneyBallotpediaVoteSmart
Representative Theresa Mah [D]CosponsorSponsored BillsHD-002FollowTheMoneyBallotpediaVoteSmart
Representative Carol Sente [D]CosponsorSponsored BillsHD-059FollowTheMoneyBallotpediaVoteSmart
Representative Lawrence Walsh [D]CosponsorSponsored BillsHD-086FollowTheMoneyBallotpediaVoteSmart
Representative Mary Flowers [D]CosponsorSponsored BillsHD-031FollowTheMoneyBallotpediaVoteSmart
Representative Jay Hoffman [D]CosponsorSponsored BillsHD-113FollowTheMoneyBallotpediaVoteSmart
Representative Justin Slaughter [D]CosponsorSponsored BillsHD-027FollowTheMoneyBallotpediaVoteSmart
Representative Michael Zalewski [D]CosponsorSponsored BillsHD-023FollowTheMoneyBallotpediaVoteSmart
Representative Katie Stuart [D]CosponsorSponsored BillsHD-112FollowTheMoneyBallotpediaVoteSmart
Representative Sam Yingling [D]CosponsorSponsored BillsHD-062FollowTheMoneyBallotpediaVoteSmart
Representative Natalie Manley [D]CosponsorSponsored BillsHD-098FollowTheMoneyBallotpediaVoteSmart
Senator Thomas Cullerton [D]PrimarySponsored BillsSD-023FollowTheMoneyBallotpediaVoteSmart

Social Comments on IL HB0278

feedback