Illinois Senate Bill 2036 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 20 2009 - 25% progression, died in committee
Action: 2009-04-03 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the State Finance Act. Creates the State Capital Projects Fund. Provides that the sum of $146,000,000 shall be transferred from the State Capital Projects Fund to the General Revenue Fund in January and July of each year. Provides that the balance remaining in the Fund must be used for capital projects and the payment of debt service on bonds issued for capital projects. Provides that moneys in the Road Fund may be appropriated to and expended by the Illinois Department of Transportation only. Amends the Illinois Income Tax Act. Increases the tax rate to 3.375% for individuals, trusts, and estates, and 5.4% for corporations. Provides that the additional proceeds attributable to the increase must be deposited into the State Capital Projects Fund. Amends the Illinois Vehicle Code to increase various weight limits. Effective immediately.

INC TAX-INCREASE RATE

Sen. John Sullivan [D]

Date	Chamber	Action
2009-04-03		Rule 3-9(a) / Re-referred to Assignments
2009-03-26		Postponed - Executive
2009-03-13		Rule 2-10 Committee Deadline Established As April 3, 2009
2009-03-12		To Executive Subcommittee on State And Local Government
2009-03-04		Assigned to Executive
2009-02-20		Referred to Assignments
2009-02-20		First Reading
2009-02-20		Filed with Secretary by Sen. John M. Sullivan

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2036&GAID=10&DocTypeID=SB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/SB/09600SB2036.htm