SB 2206

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

Inc Tx-Lgdf

Abstract

Amends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (currently, the amount transferred is equal to the sum of (i) 6.16% of the net revenue realized from the tax imposed upon individuals, trusts, and estates, (ii) 6.85% of the net revenue realized from the tax imposed upon corporations, and (iii) 6.16% of the net revenue realized from the tax imposed upon electing pass-through entities). Effective immediately.

Bill Sponsors (11)

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May 11, 2023

Senate

Added as Co-Sponsor Sen. Linda Holmes

Mar 29, 2023

Senate

Added as Co-Sponsor Sen. Cristina Castro

Mar 21, 2023

Senate

Added as Co-Sponsor Sen. Dale Fowler

Senate

Added as Co-Sponsor Sen. Bill Cunningham

Mar 17, 2023

Senate

Added as Co-Sponsor Sen. John F. Curran

Mar 10, 2023

Senate

Added as Co-Sponsor Sen. Suzy Glowiak Hilton

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 09, 2023

Senate

Added as Co-Sponsor Sen. Dave Syverson

Senate

Added as Co-Sponsor Sen. Craig Wilcox

Mar 07, 2023

Senate

Added as Co-Sponsor Sen. Patrick J. Joyce

Feb 28, 2023

Senate

Added as Chief Co-Sponsor Sen. Seth Lewis

Senate

Assigned to Appropriations

Feb 10, 2023

Senate

Filed with Secretary by Sen. Donald P. DeWitte

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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Sources

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