(30 ILCS 105/6z-17) (from Ch. 127, par. 142z-17)
Sec. 6z-17. State and Local Sales Tax Reform Fund.
(a) After deducting the amount transferred to the Tax Compliance and Administration Fund under subsection (b), of the money paid into the State and Local Sales Tax Reform
Fund: (i) subject to appropriation to the Department of Revenue,
Municipalities having 1,000,000 or more inhabitants shall
receive 20% and may expend such amount to fund and establish a program for
developing and coordinating public and private resources targeted to meet
the affordable housing needs of low-income and very low-income households
within such municipality, (ii) 10% shall be transferred into the Regional
Transportation Authority Occupation and Use Tax Replacement Fund, a special
fund in the State treasury which is hereby created, (iii) until July 1, 2013, subject to
appropriation to the Department of Transportation, the Madison County Mass Transit
District shall receive .6%, and beginning on July 1, 2013, subject to appropriation to the Department of Revenue, 0.6% shall be distributed each month out of the Fund to the Madison County Mass Transit District, (iv)
the following amounts, plus any cumulative deficiency in such transfers for
prior months, shall be transferred monthly into the Build Illinois
Fund and credited to the Build Illinois Bond Account therein:
|
Fiscal Year |
Amount |
1990 |
$2,700,000 |
1991 |
1,850,000 |
1992 |
2,750,000 |
1993 |
2,950,000 |
|
From Fiscal Year 1994 through Fiscal Year 2025 the transfer shall total
$3,150,000 monthly, plus any cumulative deficiency in such transfers for
prior months, and (v) the remainder of the money paid into the State and
Local Sales Tax Reform Fund shall be
transferred into the Local Government Distributive Fund and, except for
municipalities with 1,000,000 or more inhabitants which shall receive no
portion of such remainder, shall be distributed, subject to appropriation,
in the manner provided by Section 2 of "An Act in relation to State revenue
sharing with local government entities", approved July 31, 1969, as now or
hereafter amended. Municipalities with more than 50,000 inhabitants
according to the 1980 U.S. Census and located within the Metro East Mass
Transit District receiving funds pursuant to provision (v) of this
paragraph may expend such amounts to fund and establish a program for
developing and coordinating public and private resources targeted to meet
the affordable housing needs of low-income and very low-income households
within such municipality.
Moneys transferred from the Grocery Tax Replacement Fund to the State and Local Sales Tax Reform Fund under Section 6z-130 shall be treated under this Section in the same manner as if they had been remitted with the return on which they were reported.
(b) Beginning on the first day of the first calendar month to occur on or after the effective date of this amendatory Act of the 98th General Assembly, each month the Department of Revenue shall certify to the State Comptroller and the State Treasurer, and the State Comptroller shall order transferred and the State Treasurer shall transfer from the State and Local Sales Tax Reform Fund to the Tax Compliance and Administration Fund, an amount equal to 1/12 of 5% of 20% of the cash receipts collected during the preceding fiscal year by the Audit Bureau of the Department of Revenue under the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, and associated local occupation and use taxes administered by the Department. The amount distributed under subsection (a) each month shall first be reduced by the amount transferred to the Tax Compliance and Administration Fund under this subsection (b). Moneys transferred to the Tax Compliance and Administration Fund under this subsection (b) shall be used, subject to appropriation, to fund additional auditors and compliance personnel at the Department of Revenue.
(Source: P.A. 102-700, eff. 4-19-22.)
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