<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1341         </title>
<shortdesc>INC TX-LGDF DEPOSITS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Steven M. Landek</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/901</reference><aliasreference>from Ch. 120, par. 9-901</aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>2/7/2019</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Steven M. Landek</action>
<statusdate>2/7/2019</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/7/2019</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/13/2019</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>2/21/2019</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>3/6/2019</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>3/22/2019</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As March 28, 2019</action>
<statusdate>3/28/2019</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

