Illinois General Assembly - Bill Status for HB3642
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 Bill Status of HB3642  98th General Assembly


House Sponsors
Rep. Bill Mitchell

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 330/2from Ch. 127, par. 652
30 ILCS 330/7.8 new
30 ILCS 330/12from Ch. 127, par. 662
35 ILCS 105/9from Ch. 120, par. 439.9
35 ILCS 110/9from Ch. 120, par. 439.39
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/3from Ch. 120, par. 442

Synopsis As Introduced
Amends the General Obligation Bond Act. Requires the issuance of general obligation bonds in the amount of $4,000,000,000 for the purposes of school construction, transportation, and pollution control. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Requires the Department of Revenue to deposit 100% of the net revenue realized from the 6.25% general rate on the selling price of motor fuel and gasohol into the General Obligation Bond Retirement and Interest Fund until a sufficient amount has been deposited to pay the costs to retire the bonds. Effective immediately.

DateChamber Action
  6/19/2013HouseFiled with the Clerk by Rep. Bill Mitchell
  6/19/2013HouseFirst Reading
  6/19/2013HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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