LOCAL GOV DIST FUND DEPOSIT

Amends the State Revenue Sharing Act and the Illinois Income Tax Act. Provides that, from each income tax payment that the Department of Revenue receives, the Department must deposit certain amounts directly into the Local Government Distributive Fund (currently, the Department deposits the tax payment into the General Revenue Fund and the Treasurer then transfers a percentage of the net revenue to the Local Government Distributive Fund). Amends the Illinois Income Tax Act to include appropriations from the Local Government Distributive Fund in the definition of "State spending". Effective immediately.