Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/901

from Ch. 120, par. 9-901

30 ILCS 105/5.826 new

30 ILCS 105/6z-98 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, beginning on August 1, 2013, the Department of Revenue shall certify each month to the State Comptroller and the State Treasurer an amount equal to the difference between (i) the net revenue realized from the tax imposed under the Act during the preceding month and (ii) the net revenue that would have been realized from the tax imposed under the Act during the preceding month if the tax had been imposed at the rates that were in effect for the taxable year beginning on January 1, 2010. Provides that the State Comptroller shall order transferred and the State Treasurer shall transfer from the General Revenue Fund to the State Fiscal Responsibility Fund the amount certified by the Department. Amends the State Finance Act to create the State Fiscal Responsibility Fund. Provides that moneys in the Fund shall be used to make payments to bona fide creditors of the State who: (1) have submitted a bill or invoice to the State that (A) was properly approved under rules adopted under the State Prompt Payment Act, and (B) is more than 90 days past due; or (2) are entitled to payment from State funds if the State is more than 90 days delinquent in the payment of those funds. Effective immediately.

Actions 

Date	Chamber	Action
2/25/2013	House	Filed with the Clerk by Rep. Jeanne M Ives
2/26/2013	House	First Reading
2/26/2013	House	Referred to Rules Committee
3/4/2013	House	Assigned to Revenue & Finance Committee
3/11/2013	House	Added Co-Sponsor Rep. Thomas Morrison
3/22/2013	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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