Bill Title: Amends the Illinois Income Tax Act. Provides that the following amounts shall be deposited into the Local Government Distributive Fund as the revenue is realized from the specified taxes: (i) 8% of the net revenue realized from the tax imposed under the Act upon individuals, trusts, and estates; (ii) 8% of the net revenue realized from the tax imposed by the Act upon electing pass-through entities; and (iii) 9.11% of the net revenue realized from the tax imposed by the Act upon corporations. Amends the State Revenue Sharing Act to provide that amounts paid into the Local Government Distributive Fund are appropriated on a continuing basis. Effective July 1, 2023.

Spectrum: Bipartisan Bill

Status: (Introduced) 2023-05-24 - Added Co-Sponsor Rep. Jason Bunting [HB2087 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Anthony DeLuca [D]	Primary	Sponsored Bills	HD-080	FollowTheMoney	Ballotpedia	VoteSmart
Representative Nicholas Smith [D]	Cosponsor	Sponsored Bills	HD-034	FollowTheMoney	Ballotpedia	VoteSmart
Representative Matt Hanson [D]	Cosponsor	Sponsored Bills	HD-083	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jenn Ladisch Douglass [D]	Cosponsor	Sponsored Bills	HD-045	FollowTheMoney	Ballotpedia	N/A
Representative Robert Rita [D]	Cosponsor	Sponsored Bills	HD-028	FollowTheMoney	Ballotpedia	VoteSmart
Representative Martin Moylan [D]	Cosponsor	Sponsored Bills	HD-055	FollowTheMoney	Ballotpedia	VoteSmart
Representative Michael Kelly [D]	Cosponsor	Sponsored Bills	HD-015	N/A	Ballotpedia	VoteSmart
Representative Jennifer Sanalitro [R]	Cosponsor	Sponsored Bills	HD-048	FollowTheMoney	Ballotpedia	N/A
Representative Debbie Meyers-Martin [D]	Cosponsor	Sponsored Bills	HD-038	FollowTheMoney	Ballotpedia	VoteSmart
Representative Joe Sosnowski [R]	Cosponsor	Sponsored Bills	HD-069	FollowTheMoney	Ballotpedia	VoteSmart
Representative Amy Grant [R]	Cosponsor	Sponsored Bills	HD-047	FollowTheMoney	Ballotpedia	VoteSmart
Representative Suzanne Ness [D]	Cosponsor	Sponsored Bills	HD-066	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jackie Haas [R]	Cosponsor	Sponsored Bills	HD-079	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dan Ugaste [R]	Cosponsor	Sponsored Bills	HD-065	FollowTheMoney	Ballotpedia	VoteSmart
Representative Bradley Stephens [R]	Cosponsor	Sponsored Bills	HD-020	FollowTheMoney	Ballotpedia	VoteSmart
Representative Norma Hernandez [D]	Cosponsor	Sponsored Bills	HD-077	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jason Bunting [R]	Cosponsor	Sponsored Bills	HD-106	FollowTheMoney	Ballotpedia	N/A

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