Bill Status of SB 134   97th General Assembly


Short Description:  INC TX-INCREASE LGDF

Senate Sponsors
Sen. Martin A. Sandoval

Last Action  View All Actions

DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/901from Ch. 120, par. 9-901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that beginning on the first day of the first month to occur not less than 30 days after the effective date of the amendatory Act, the State Comptroller and the State Treasurer shall transfer each month from the General Revenue Fund to the Local Government Distributive Fund an amount equal to 1/10 of the income tax proceeds collected during the previous month, minus certain amounts paid as refunds (now, the amount transferred is a specified percentage based on the year the tax is collected and the rate of tax). Effective immediately.

Actions 
DateChamber Action
  1/27/2011SenateFiled with Secretary by Sen. Martin A. Sandoval
  1/27/2011SenateFirst Reading
  1/27/2011SenateReferred to Assignments
  2/9/2011SenateAssigned to Revenue
  2/15/2011SenateTo Revenue Subcommittee on Special Issues
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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