INC TX-LGDF IF RATE REDUCED House SponsorsRep. Sidney H. Mathias-Dwight Kay-Mike Bost-Richard Morthland 1/8/2013HouseSession Sine Die 35 ILCS 5/901from Ch. 120, par. 9-901 Amends the Illinois Income Tax Act. Provides that, if the rate of tax is reduced because the State has exceeded the State spending limit, then, beginning with the first distribution to occur after the effective date of the reduction, the State Comptroller shall order transferred and the State Treasurer shall transfer each month from the General Revenue Fund to the Local Government Distributive Fund an amount equal to 1/10 of the net revenue realized under the Act during the preceding month. Effective immediately. 2/16/2012HouseFiled with the Clerk by Rep. Sidney H. Mathias 2/16/2012HouseFirst Reading 2/16/2012HouseReferred to Rules Committee 2/24/2012HouseAdded Chief Co-Sponsor Rep. Dwight Kay 2/24/2012HouseAdded Chief Co-Sponsor Rep. Mike Bost 2/24/2012HouseAdded Chief Co-Sponsor Rep. Richard Morthland 1/8/2013HouseSession Sine Die