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<xml>
<title>Illinois General Assembly - Bill Status for SB 2206         </title>
<shortdesc>INC TX-LGDF</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Donald P. DeWitte-Seth Lewis, Patrick J. Joyce, Craig Wilcox, Dave Syverson, Suzy Glowiak Hilton, John F. Curran, Bill Cunningham, Dale Fowler, Cristina Castro and Linda Holmes</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/901</reference><aliasreference></aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>2/10/2023</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Donald P. DeWitte</action>
<statusdate>2/10/2023</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/10/2023</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/28/2023</statusdate><chamber>Senate</chamber><action>Assigned to Appropriations</action>
<statusdate>2/28/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Seth Lewis</action>
<statusdate>3/7/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Patrick J. Joyce</action>
<statusdate>3/9/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Craig Wilcox</action>
<statusdate>3/9/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Dave Syverson</action>
<statusdate>3/10/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Suzy Glowiak Hilton</action>
<statusdate>3/10/2023</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>3/17/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. John F. Curran</action>
<statusdate>3/21/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Bill Cunningham</action>
<statusdate>3/21/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Dale Fowler</action>
<statusdate>3/29/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Cristina Castro</action>
<statusdate>5/11/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Linda Holmes</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

