Bill Status of HB 6721   95th General Assembly

Short Description:  LOTTERY-SCHOOLS

House Sponsors
Rep. LaShawn K. Ford

Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 1605/2.5
20 ILCS 1605/9from Ch. 120, par. 1159
20 ILCS 1605/19from Ch. 120, par. 1169
20 ILCS 1605/20from Ch. 120, par. 1170
20 ILCS 1605/20.1from Ch. 120, par. 1170.1
20 ILCS 1605/20.2
20 ILCS 1605/20.3 new
20 ILCS 1605/27from Ch. 120, par. 1177
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 5/901from Ch. 120, par. 9-901
105 ILCS 5/2-3.148 new

Synopsis As Introduced
Amends the Illinois Lottery Law. Creates the Lottery Supports Schools Fund. Provides that certain lottery revenues shall be deposited into the Fund. Provides that moneys in the fund shall be distributed to school districts based on the district's percentage of lottery sales. Amends the Illinois Income Tax Act. Beginning with the first taxable year after the taxable year in which a Management and Concession Agreement is entered into under the Illinois Lottery Law, increases the individual rate from 3% to 3.25% and the corporate rate from 4.8% to 5.2%. Provides that 100% of the net increase in collections shall be deposited into the Common School Fund. All changes are contingent upon Senate Bill 2595, as amended by House Amendment No. 4, becoming law. Effective immediately.

Actions 
DateChamber Action
  9/29/2008HouseFiled with the Clerk by Rep. LaShawn K. Ford
  11/7/2008HouseFirst Reading
  11/7/2008HouseReferred to Rules Committee
  1/13/2009HouseSession Sine Die

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