Bill Status of SB 136   104th General Assembly

Short Description:  INC TX-LGDF

Senate Sponsors
Sen. Donald P. DeWitte, Chris Balkema, Li Arellano, Jr. and Sally J. Turner-Darby A. Hills

Last Action  View All Actions

DateChamber Action
  1/17/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (currently, the amount transferred is equal to the sum of (i) 6.47% of the net revenue realized from the tax imposed upon individuals, trusts, and estates during the preceding month; (ii) 6.85% of the net revenue realized from the tax imposed upon corporations during the preceding month; and (iii) 6.47% of the net revenue realized from the tax imposed upon electing pass-through entities). Effective immediately.

Actions 
DateChamber Action
  1/17/2025SenateFiled with Secretary by Sen. Donald P. DeWitte
  1/17/2025SenateFirst Reading
  1/17/2025SenateReferred to Assignments
  1/28/2025SenateAdded as Co-Sponsor Sen. Chris Balkema
  3/5/2025SenateAdded as Co-Sponsor Sen. Li Arellano, Jr.
  3/5/2025SenateAdded as Co-Sponsor Sen. Sally J. Turner
  3/18/2025SenateAdded as Chief Co-Sponsor Sen. Darby A. Hills

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