USE/OCC TX-PROCEEDS Senate SponsorsSen. Deanna Demuzio 1/13/2009SenateSession Sine Die 30 ILCS 105/6z-18from Ch. 127, par. 142z-1835 ILCS 115/9from Ch. 120, par. 439.10935 ILCS 120/3from Ch. 120, par. 442Amends the Service Occupation Tax Act and the Retailers' Occupation Tax Act. Requires that 28% of the tax proceeds under those Acts realized from the sale or transfer of coal be deposited to the Local Government Tax Fund, and provides that no amounts realized from the sale or transfer of coal be deposited into the County and Mass Transit District Fund. Amends the State Finance Act concerning the administration of the Local Government Tax Fund. Requires the Department of Revenue to certify the amount to be disbursed to a municipality or county that is realized from the 6.25% general rate on the selling price of coal. Limits the municipality's or county's use of that certified amount to certain economic-development purposes. Effective immediately. 2/15/2008SenateFiled with Secretary by Sen. Deanna Demuzio 2/15/2008SenateFirst Reading 2/15/2008SenateReferred to Rules 1/13/2009SenateSession Sine Die