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| | HJ0124 | | LRB100 21722 ALS 39393 r |
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| 1 | | HOUSE JOINT RESOLUTION
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| 2 | | WHEREAS, 25 ILCS 155/4 states that the House and Senate, by |
| 3 | | joint resolution, shall adopt or modify revenue estimates |
| 4 | | provided for by the Commission on Government Forecasting and |
| 5 | | Accountability and the Governor's Office of Management and |
| 6 | | Budget; and
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| 7 | | WHEREAS, The statute provides that the joint resolution |
| 8 | | shall constitute the General Assembly's estimate, under |
| 9 | | paragraph (b) of Section 2 of Article VIII of the Constitution, |
| 10 | | of the funds estimated to be available during the next fiscal |
| 11 | | year; and
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| 12 | | WHEREAS, Under subsection (b) of Section 2 of Article VIII |
| 13 | | of the Illinois Constitution, appropriations for a fiscal year |
| 14 | | shall not exceed funds estimated by the General Assembly to be |
| 15 | | available during that year; therefore, be it
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| 16 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE |
| 17 | | HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE SENATE |
| 18 | | CONCURRING HEREIN, that the Illinois House of Representatives |
| 19 | | estimates the general funds to be available during State fiscal |
| 20 | | year 2019 as follows:
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| 21 | | Revenue Sources | | House Estimate | (in millions) | |
| 2 | | State Taxes | | | |
| 3 | | Personal Income Tax (net of refunds & | | 4 | | LGDF) | | $17,873 | |
| 5 | | Corporate Income Tax (net of refunds & | | 6 | | LGDF) | | $2,060 | |
| 7 | | Sales Tax (net of PTF & DPTF) | | $7,972 | |
| 8 | | Public Utility (regular) | | $878 | |
| 9 | | Cigarette Tax | | $353 | |
| 10 | | Liquor Gallonage Taxes | | $174 | |
| 11 | | Vehicle Use Tax | | $29 | |
| 12 | | Inheritance Tax (gross) | | $290 | |
| 13 | | Insurance Taxes & Fees | | $405 | |
| 14 | | Corporate Franchise Tax & Fees | | $205 | |
| 15 | | Interest on State Funds & | | 16 | | Investments | | $100 | |
| 17 | | Cook County Intergovernmental | | 18 | | Transfer | | $244 | |
| 19 | | Other Sources | | $975 | |
| 20 | | Subtotal | | $31,558 | | | | 21 | | | | |
| 22 | | Transfers | | | |
| 23 | | Lottery | | $733 | |
| 24 | | Riverboat transfers and receipts | | $266 | |
| 25 | | Proceeds from Sale of 10th License | | $10 | |
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