Bill Text: IL HR0842 | 2013-2014 | 98th General Assembly | Enrolled


Bill Title: Sets forth the amounts of general funds estimated by the House of Representatives to be available during State fiscal year 2015.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Passed) 2014-02-25 - Resolution Adopted as Amended 112-000-000 [HR0842 Detail]

Download: Illinois-2013-HR0842-Enrolled.html


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1
HOUSE RESOLUTION 842
2 WHEREAS, Under subsection (b) of Section 2 of Article VIII
3of the Illinois Constitution, appropriations for a fiscal year
4shall not exceed funds estimated by the General Assembly to be
5available during that year; therefore, be it
6 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
7NINETY-EIGHTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
8the House of Representatives estimates the general funds to be
9available during State fiscal year 2015 as follows:
10Revenue Sources House Estimate
(in millions)
11State Taxes
12Personal Income Tax (net of refunds)$14,649
13Corporate Income Tax (net of
14refunds)$2,810
15Sales Tax$7,842
16Public Utility (regular)$995
17Cigarette Tax$355
18Liquor Gallonage Taxes$165
19Vehicle Use Tax$29
20Inheritance Tax (gross)$205
21Insurance Taxes & Fees$330
22Corporate Franchise Tax & Fees$205

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1Interest on State Funds &
2Investments$25
3Cook County Intergovernmental
4Transfer$244
5Other Sources$486
6Subtotal$28,340
7
8Transfers
9Lottery$682
10Riverboat transfers and receipts$310
11Other$890
12Total State Sources$30,222
13
14Federal Sources$4,273
15
16Total Federal & State Sources$34,495