98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB1376
 
Introduced , by Rep. Daniel V. Beiser
 
SYNOPSIS AS INTRODUCED:
 

 
  
30 ILCS 105/6z-17  from Ch. 127, par. 142z-17

     Amends the State Finance Act.  Provides that moneys paid to the Madison County Mass Transit
District from the State and Local Sales Tax Reform
Fund  shall be paid subject to appropriation to the Department of Revenue (instead of the Department of Transportation).  Effective immediately.
  


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FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB1376LRB098 07434 HLH 37502 b


  
1    AN ACT concerning finance.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The State Finance Act is amended  by changing 
5Section 6z-17 as follows:
 



6    (30 ILCS 105/6z-17)  (from Ch. 127, par. 142z-17)


7    Sec. 6z-17. Of the money paid into the State and Local 
8Sales Tax Reform
Fund: (i) subject to appropriation to the 
9Department of Revenue,
Municipalities having 1,000,000 or more 
10inhabitants shall
receive 20% and may expend such amount to 
11fund and establish a program for
developing and coordinating 
12public and private resources targeted to meet
the affordable 
13housing needs of low-income and very low-income households

14within such municipality, (ii) 10% shall be transferred into 
15the Regional
Transportation Authority Occupation and Use Tax 
16Replacement Fund, a special
fund in the State treasury which is 
17hereby created, (iii) until July 1, 2013, subject to

18appropriation to the Department of Transportation, the The 
19Madison County Mass Transit
District shall receive .6%, and 
20beginning on July 1, 2013, subject to appropriation to the 
21Department of Revenue, 0.6% shall be distributed each month out 
22of the Fund to the Madison County Mass Transit District, (iv)

23the following amounts, plus any cumulative deficiency in such 


 
 
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1transfers for
prior months, shall be transferred monthly into 
2the Build Illinois
Fund and credited to the Build Illinois Bond 
3Account therein:





























4Fiscal YearAmount
51990$2,700,000
619911,850,000
719922,750,000
819932,950,000
9    From Fiscal Year 1994 through Fiscal Year 2025 the transfer 
10shall total
$3,150,000 monthly, plus any cumulative deficiency 
11in such transfers for
prior months, and (v) the remainder of 
12the money paid into the State and
Local Sales Tax Reform Fund 
13shall be
transferred into the Local Government Distributive 
14Fund and, except for
municipalities with 1,000,000 or more 
15inhabitants which shall receive no
portion of such remainder, 
16shall be distributed, subject to appropriation,
in the manner 
17provided by Section 2 of "An Act in relation to State revenue

18sharing with local government entities", approved July 31, 
191969, as now or
hereafter amended.  Municipalities with more 
20than 50,000 inhabitants
according to the 1980 U.S. Census and 
21located within the Metro East Mass
Transit District receiving 
22funds pursuant to provision (v) of this
paragraph may expend 
23such amounts to fund and establish a program for
developing and 
24coordinating public and private resources targeted to meet
the 
25affordable housing needs of low-income and very low-income 
26households
within such municipality.

 
 
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1(Source: P.A. 95-708, eff. 1-18-08.)

 
 
2    Section 99. Effective date. This Act takes effect upon 
3becoming law.