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Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, of the remainder of the moneys received under the Acts after certain deposits have been made, 75% shall be deposited into the General Revenue Fund and 25% shall be deposited into the Common School Fund (currently, 75% shall be paid into the State Treasury and 25% shall be reserved in a special account and used only for the transfer to the Common School Fund as part of a specified monthly transfer). Effective immediately.
Introduced
Feb 6, 2025
Last Action
Apr 11, 2025
Session
IL 104th
Sponsors
1 primary · 1 co
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Camille Y. Lilly
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Reported Back To Revenue & Finance Committee;
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000
Do Pass / Short Debate Revenue & Finance Committee; 020-000-000
Placed on Calendar 2nd Reading - Short Debate
To Tax Policy: Other Taxes Subcommittee
Assigned to Revenue & Finance Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Fred Crespo
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
Camille Y. Lilly