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SB 1341 Illinois Senate · 101st Regular Session

INC TX-LGDF DEPOSITS

Summary
Amends the Illinois Income Tax Act. Provides that, beginning on July 1, 2019, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be equal to 1/10 of the net revenue realized from the income tax imposed on individuals, trusts, estates, and corporations during the preceding month (currently, 6.06% of the net revenue realized from the income tax imposed upon individuals, trusts, and estates and 6.85% of the net revenue realized from the income tax imposed upon corporations). Effective July 1, 2019.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2019
Committee Review
Floor Vote
Governor
Introduced Feb 7, 2019 Last action Mar 28, 2019
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
8
Key actions
1
Committee
4
Mar 28, 2019
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Mar 22, 2019
Upper · Passed
Rule 2-10 Committee Deadline Established As March 28, 2019
upper
Feb 13, 2019
Committee
Assigned to Revenue
upper
Feb 7, 2019
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.