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Amends the Downstate Public Transportation Act. Increases the amount paid into the Downstate Public Transportation Fund from 3/32 of 80% of the net revenue realized from the Retailers' Occupation Tax Act, the Service Occupation Tax Act, the Use Tax Act, and the Service Use Tax Act within any municipality or county located wholly within the boundaries of a participant to (i) 3/32 of 100% of that net revenue from July 1, 2025 through July 1, 2033 and (ii) 4/32 of 100% of that net revenue on and after July 1, 2033. Makes changes concerning the amount each participant's annual appropriation from the Downstate Public Transportation Fund. Effective immediately.
Introduced
May 6, 2025
Last Action
May 6, 2025
Session
IL 104th
Sponsors
1 primary · 0 co
Filed with Secretary by Sen. Steve Stadelman
First Reading
Referred to Assignments
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Referred to Assignments