LOTTERY-SCHOOLS House SponsorsRep. LaShawn K. Ford 1/13/2009HouseSession Sine Die 20 ILCS 1605/2.520 ILCS 1605/9from Ch. 120, par. 115920 ILCS 1605/19from Ch. 120, par. 116920 ILCS 1605/20from Ch. 120, par. 117020 ILCS 1605/20.1from Ch. 120, par. 1170.120 ILCS 1605/20.220 ILCS 1605/20.3 new20 ILCS 1605/27from Ch. 120, par. 117735 ILCS 5/201from Ch. 120, par. 2-20135 ILCS 5/901from Ch. 120, par. 9-901105 ILCS 5/2-3.148 new Amends the Illinois Lottery Law. Creates the Lottery Supports Schools Fund. Provides that certain lottery revenues shall be deposited into the Fund. Provides that moneys in the fund shall be distributed to school districts based on the district's percentage of lottery sales. Amends the Illinois Income Tax Act. Beginning with the first taxable year after the taxable year in which a Management and Concession Agreement is entered into under the Illinois Lottery Law, increases the individual rate from 3% to 3.25% and the corporate rate from 4.8% to 5.2%. Provides that 100% of the net increase in collections shall be deposited into the Common School Fund. All changes are contingent upon Senate Bill 2595, as amended by House Amendment No. 4, becoming law. Effective immediately. 9/29/2008HouseFiled with the Clerk by Rep. LaShawn K. Ford 11/7/2008HouseFirst Reading 11/7/2008HouseReferred to Rules Committee 1/13/2009HouseSession Sine Die