HB 2087

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Lgdf

Abstract

Amends the Illinois Income Tax Act. Provides that the following amounts shall be deposited into the Local Government Distributive Fund as the revenue is realized from the specified taxes: (i) 8% of the net revenue realized from the tax imposed under the Act upon individuals, trusts, and estates; (ii) 8% of the net revenue realized from the tax imposed by the Act upon electing pass-through entities; and (iii) 9.11% of the net revenue realized from the tax imposed by the Act upon corporations. Amends the State Revenue Sharing Act to provide that amounts paid into the Local Government Distributive Fund are appropriated on a continuing basis. Effective July 1, 2023.

Bill Sponsors (17)

Votes


No votes to display

Actions


May 24, 2023

House

Added Co-Sponsor Rep. Jason Bunting

May 09, 2023

House

Added Co-Sponsor Rep. Norma Hernandez

Apr 06, 2023

House

Added Co-Sponsor Rep. Brad Stephens

Mar 22, 2023

House

Added Co-Sponsor Rep. Jackie Haas

House

Added Co-Sponsor Rep. Dan Ugaste

Mar 21, 2023

House

Removed Co-Sponsor Rep. Hoan Huynh

House

Added Co-Sponsor Rep. Suzanne M. Ness

House

Added Co-Sponsor Rep. Hoan Huynh

Mar 20, 2023

House

Removed Co-Sponsor Rep. Tim Ozinga

House

Added Co-Sponsor Rep. Tim Ozinga

Mar 16, 2023

House

Added Co-Sponsor Rep. Amy L. Grant

Mar 15, 2023

House

Added Co-Sponsor Rep. Joe C. Sosnowski

Mar 10, 2023

House

Rule 19(a) / Re-referred to Rules Committee

Mar 09, 2023

House

To Revenue-Income Tax Subcommittee

Mar 08, 2023

House

Added Co-Sponsor Rep. Debbie Meyers-Martin

Mar 01, 2023

House

Added Co-Sponsor Rep. Jennifer Sanalitro

Feb 28, 2023

House

Assigned to Revenue & Finance Committee

Feb 27, 2023

House

Added Co-Sponsor Rep. Michael J. Kelly

Feb 16, 2023

House

Added Chief Co-Sponsor Rep. Nicholas K. Smith

Feb 15, 2023

House

Added Co-Sponsor Rep. Jenn Ladisch Douglass

House

Added Co-Sponsor Rep. Martin J. Moylan

House

Added Co-Sponsor Rep. Robert "Bob" Rita

Feb 14, 2023

House

Added Co-Sponsor Rep. Matt Hanson

Feb 07, 2023

House

First Reading

House

Referred to Rules Committee

Feb 02, 2023

House

Filed with the Clerk by Rep. Anthony DeLuca

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.