Date	Chamber	Action
1/9/2019	Senate	Session Sine Die

Statutes Amended In Order of Appearance

New Act

30 ILCS 105/5.878 new

30 ILCS 105/5.879 new

30 ILCS 105/6z-102 new

35 ILCS 5/901

from Ch. 120, par. 9-901

Synopsis As Introduced
Creates the Individual Income Tax Bond Act. Authorizes the State to issue, sell, and provide for the retirement of limited obligation bonds in the total principal amount of $6,000,000,000. Provides that the proceeds of those bonds shall be issued for the purposes of providing financial relief to vendors who do business with the State. Amends the State Finance Act to create the Individual Income Tax Bond Proceeds Fund and the Individual Income Tax Bond Retirement and Interest Fund. Amends the Illinois Income Tax Act to provide for the transfer of certain income tax proceeds into the Individual Income Tax Bond Proceeds Fund.

Actions 

Date	Chamber	Action
3/28/2017	Senate	Filed with Secretary by Sen. William E. Brady
3/28/2017	Senate	First Reading
3/28/2017	Senate	Referred to Assignments
3/29/2017	Senate	Added as Chief Co-Sponsor Sen. Karen McConnaughay
1/9/2019	Senate	Session Sine Die

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