IllinoisSB0136104th General Assembly (2025–2026)Senate

INC TX-LGDF

Sponsored By: Donald P. DeWitte (Republican)

In Committee

Summary

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) 6.47% of the net revenue realized from the tax imposed upon individuals, trusts, and estates during the preceding month; (ii) 6.85% of the net revenue realized from the tax imposed upon corporations during the preceding month; and (iii) 6.47% of the net revenue realized from the tax imposed upon electing pass-through entities). Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Donald P. DeWitte

    Republican • Senate

Cosponsors

  • Chris Balkema

    Republican • Senate

  • Darby A. Hills

    Republican • Senate

  • Li Arellano, Jr.

    Republican • Senate

  • Sally J. Turner

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Chief Co-Sponsor Sen. Darby A. Hills

    3/18/2025Senate
  2. Added as Co-Sponsor Sen. Sally J. Turner

    3/5/2025Senate
  3. Added as Co-Sponsor Sen. Li Arellano, Jr.

    3/5/2025Senate
  4. Added as Co-Sponsor Sen. Chris Balkema

    1/28/2025Senate
  5. Referred to Assignments

    1/17/2025Senate
  6. First Reading

    1/17/2025Senate
  7. Filed with Secretary by Sen. Donald P. DeWitte

    1/17/2025Senate

Bill Text

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