Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/901

from Ch. 120, par. 9-901

Synopsis As Introduced
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.

Fiscal Note (Dept. of Revenue)

Although this bill would have no effect on total revenue, the Department of Revenue estimates that deposits into the General Revenue Fund for fiscal year 2017 would be reduced by $30 million. Deposits into the General Revenue Fund for fiscal year 2018 would be reduced by $100 million. Deposits into the General Revenue Fund for fiscal year 2019 would be reduced by $175 million. Deposits into the General Revenue Fund for fiscal year 2020 would be reduced by $258 million. Deposits into the General Revenue Fund for fiscal year 2121 would be reduced by $314 million. After that, the amount of deposits into General Revenue Fund would be reduced increasingly, as individual income tax and corporate income tax revenue keep growing. This estimate was calculated by multiplying the net corporate income tax and individual income tax revenue forecasts by the difference between actual Local Government Distributive Fund transfer percentages and proposed Local Government Distributive Fund transfer percentages.

Actions 

Date	Chamber	Action
1/5/2017	House	Prefiled with Clerk by Rep. Anthony DeLuca
1/11/2017	House	First Reading
1/11/2017	House	Referred to Rules Committee
1/25/2017	House	Assigned to Cities & Villages Committee
2/8/2017	House	Do Pass / Short Debate Cities & Villages Committee; 008-005-000
2/8/2017	House	Placed on Calendar 2nd Reading - Short Debate
2/8/2017	House	Added Chief Co-Sponsor Rep. Martin J. Moylan
2/8/2017	House	Added Chief Co-Sponsor Rep. Kathleen Willis
2/9/2017	House	Added Co-Sponsor Rep. Silvana Tabares
2/15/2017	House	Fiscal Note Requested by Rep. Tom Demmer
2/16/2017	House	Second Reading - Short Debate
2/16/2017	House	Held on Calendar Order of Second Reading - Short Debate
2/21/2017	House	Added Chief Co-Sponsor Rep. Emanuel Chris Welch
2/21/2017	House	Added Co-Sponsor Rep. Michael Halpin
2/22/2017	House	Added Co-Sponsor Rep. André Thapedi
2/22/2017	House	Added Co-Sponsor Rep. Robert Rita
2/22/2017	House	Added Co-Sponsor Rep. John C. D'Amico
2/22/2017	House	Added Co-Sponsor Rep. William Davis
2/22/2017	House	Added Co-Sponsor Rep. Linda Chapa LaVia
2/22/2017	House	Added Co-Sponsor Rep. Anna Moeller
2/22/2017	House	Added Co-Sponsor Rep. Marcus C. Evans, Jr.
2/22/2017	House	Added Co-Sponsor Rep. Camille Y. Lilly
2/22/2017	House	Added Co-Sponsor Rep. Al Riley
2/22/2017	House	Added Co-Sponsor Rep. Frances Ann Hurley
2/22/2017	House	Added Co-Sponsor Rep. Thaddeus Jones
2/22/2017	House	Added Co-Sponsor Rep. Rita Mayfield
2/22/2017	House	Fiscal Note Filed
2/23/2017	House	Added Co-Sponsor Rep. Brandon W. Phelps
2/23/2017	House	Added Co-Sponsor Rep. Daniel V. Beiser
2/23/2017	House	Added Co-Sponsor Rep. Jerry Costello, II
2/23/2017	House	Added Co-Sponsor Rep. Deb Conroy
2/23/2017	House	Added Co-Sponsor Rep. Sue Scherer
2/23/2017	House	Placed on Calendar Order of 3rd Reading - Short Debate
2/24/2017	House	Added Co-Sponsor Rep. Sonya M. Harper
2/24/2017	House	Added Co-Sponsor Rep. Theresa Mah
2/24/2017	House	Added Co-Sponsor Rep. Carol Sente
2/24/2017	House	Added Co-Sponsor Rep. Lawrence Walsh, Jr.
2/24/2017	House	Added Co-Sponsor Rep. Mary E. Flowers
2/24/2017	House	Added Co-Sponsor Rep. Jay Hoffman
2/24/2017	House	Added Co-Sponsor Rep. Justin Slaughter
2/24/2017	House	Added Co-Sponsor Rep. Michael J. Zalewski
2/24/2017	House	Added Co-Sponsor Rep. Katie Stuart
2/24/2017	House	Added Co-Sponsor Rep. Sam Yingling
2/24/2017	House	Added Co-Sponsor Rep. Natalie A. Manley
3/7/2017	House	Third Reading - Short Debate - Passed 067-047-000
3/8/2017	Senate	Arrive in Senate
3/8/2017	Senate	Placed on Calendar Order of First Reading
3/8/2017	Senate	Chief Senate Sponsor Sen. Thomas Cullerton
3/8/2017	Senate	First Reading
3/8/2017	Senate	Referred to Assignments
11/7/2018	Senate	Approved for Consideration Assignments
11/7/2018	Senate	Placed on Calendar Order of 2nd Reading November 13, 2018
11/15/2018	Senate	Second Reading
11/15/2018	Senate	Placed on Calendar Order of 3rd Reading November 27, 2018
11/15/2018	Senate	Added as Alternate Co-Sponsor Sen. Laura M. Murphy
11/28/2018	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Pat McGuire
11/28/2018	Senate	Senate Floor Amendment No. 1 Referred to Assignments
11/28/2018	Senate	Alternate Chief Sponsor Changed to Sen. Pat McGuire
11/28/2018	Senate	Senate Floor Amendment No. 1 Be Approved for Consideration Assignments
12/29/2018	Senate	Senate Floor Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
12/29/2018	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
1/8/2019	House	Session Sine Die

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