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Amends the Illinois Income Tax Act. In provisions concerning transfers of surplus moneys from the Income Tax Refund Fund to the General Revenue Fund, provides that "surplus" means the cash balance in the Income Tax Refund Fund at the end of the applicable fiscal year, less amounts attributable to certain specified transfers. Effective immediately.
Introduced
Feb 4, 2025
Last Action
Apr 11, 2025
Session
IL 104th
Sponsors
1 primary · 0 co
Rule 19(a) / Re-referred to Rules Committee
Chief Sponsor Changed to Rep. Amy Briel
Chief Sponsor Changed to Rep. Anthony DeLuca
Held on Calendar Order of Second Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Revenue & Finance Committee; 020-000-000
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 004-000-000
Reported Back To Revenue & Finance Committee;
To Tax Policy: Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Stephanie A. Kifowit
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 19(a) / Re-referred to Rules Committee
Amy Briel