Bill Title: Amends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (currently, the amount transferred is equal to the sum of (i) 6.16% of the net revenue realized from the tax imposed upon individuals, trusts, and estates, (ii) 6.85% of the net revenue realized from the tax imposed upon corporations, and (iii) 6.16% of the net revenue realized from the tax imposed upon electing pass-through entities). Effective immediately.

Spectrum: Bipartisan Bill

Status: (Introduced) 2023-05-11 - Added as Co-Sponsor Sen. Linda Holmes [SB2206 Detail]

Text: Latest bill text (Introduced) [HTML]

---

Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Donald DeWitte [R]	Primary	Sponsored Bills	SD-033	FollowTheMoney	Ballotpedia	VoteSmart
Senator Seth Lewis [R]	Cosponsor	Sponsored Bills	SD-024	FollowTheMoney	Ballotpedia	VoteSmart
Senator Patrick Joyce [D]	Cosponsor	Sponsored Bills	SD-040	FollowTheMoney	Ballotpedia	VoteSmart
Senator Craig Wilcox [R]	Cosponsor	Sponsored Bills	SD-032	FollowTheMoney	Ballotpedia	VoteSmart
Senator Dave Syverson [R]	Cosponsor	Sponsored Bills	SD-035	FollowTheMoney	Ballotpedia	VoteSmart
Senator Suzanne Glowiak Hilton [D]	Cosponsor	Sponsored Bills	SD-023	FollowTheMoney	Ballotpedia	VoteSmart
Senator John Curran [R]	Cosponsor	Sponsored Bills	SD-041	FollowTheMoney	Ballotpedia	VoteSmart
Senator William Cunningham [D]	Cosponsor	Sponsored Bills	SD-018	FollowTheMoney	Ballotpedia	VoteSmart
Senator Dale Fowler [R]	Cosponsor	Sponsored Bills	SD-059	FollowTheMoney	Ballotpedia	VoteSmart
Senator Cristina Castro [D]	Cosponsor	Sponsored Bills	SD-022	FollowTheMoney	Ballotpedia	VoteSmart
Senator Linda Holmes [D]	Cosponsor	Sponsored Bills	SD-042	FollowTheMoney	Ballotpedia	VoteSmart

Social Comments on IL SB2206