Illinois 2023-2024 Regular Session

Illinois House Bill HB4062 Compare Versions

Only one version of the bill is available at this time.

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1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4062 Introduced , by Rep. Ryan Spain SYNOPSIS AS INTRODUCED: 30 ILCS 115/2 from Ch. 85, par. 612 35 ILCS 5/901 Amends the Illinois Income Tax Act. Provides that the following amounts shall be deposited into the Local Government Distributive Fund as the revenue is realized from the specified taxes: (i) 10% of the net revenue realized from the tax imposed under the Act upon individuals, trusts, and estates; (ii) 10% of the net revenue realized from the tax imposed by the Act upon electing pass-through entities; and (iii) 10% of the net revenue realized from the tax imposed by the Act upon corporations. Amends the State Revenue Sharing Act to provide that amounts paid into the Local Government Distributive Fund are appropriated on a continuing basis. Effective immediately. LRB103 32179 HLH 61323 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4062 Introduced , by Rep. Ryan Spain SYNOPSIS AS INTRODUCED: 30 ILCS 115/2 from Ch. 85, par. 612 35 ILCS 5/901 30 ILCS 115/2 from Ch. 85, par. 612 35 ILCS 5/901 Amends the Illinois Income Tax Act. Provides that the following amounts shall be deposited into the Local Government Distributive Fund as the revenue is realized from the specified taxes: (i) 10% of the net revenue realized from the tax imposed under the Act upon individuals, trusts, and estates; (ii) 10% of the net revenue realized from the tax imposed by the Act upon electing pass-through entities; and (iii) 10% of the net revenue realized from the tax imposed by the Act upon corporations. Amends the State Revenue Sharing Act to provide that amounts paid into the Local Government Distributive Fund are appropriated on a continuing basis. Effective immediately. LRB103 32179 HLH 61323 b LRB103 32179 HLH 61323 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4062 Introduced , by Rep. Ryan Spain SYNOPSIS AS INTRODUCED:
3	3	30 ILCS 115/2 from Ch. 85, par. 612 35 ILCS 5/901 30 ILCS 115/2 from Ch. 85, par. 612 35 ILCS 5/901
4	4	30 ILCS 115/2 from Ch. 85, par. 612
5	5	35 ILCS 5/901
6	6	Amends the Illinois Income Tax Act. Provides that the following amounts shall be deposited into the Local Government Distributive Fund as the revenue is realized from the specified taxes: (i) 10% of the net revenue realized from the tax imposed under the Act upon individuals, trusts, and estates; (ii) 10% of the net revenue realized from the tax imposed by the Act upon electing pass-through entities; and (iii) 10% of the net revenue realized from the tax imposed by the Act upon corporations. Amends the State Revenue Sharing Act to provide that amounts paid into the Local Government Distributive Fund are appropriated on a continuing basis. Effective immediately.
7	7	LRB103 32179 HLH 61323 b LRB103 32179 HLH 61323 b
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9	9	A BILL FOR
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12	12	1 AN ACT concerning revenue.
13	13	2 Be it enacted by the People of the State of Illinois,
14	14	3 represented in the General Assembly:
15	15	4 Section 5. The State Revenue Sharing Act is amended by
16	16	5 changing Section 2 as follows:
17	17	6 (30 ILCS 115/2) (from Ch. 85, par. 612)
18	18	7 Sec. 2. Allocation and Disbursement.
19	19	8 (a) As soon as may be after the first day of each month,
20	20	9 the Department of Revenue shall allocate among the several
21	21	10 municipalities and counties of this State the amount available
22	22	11 in the Local Government Distributive Fund and in the Income
23	23	12 Tax Surcharge Local Government Distributive Fund, determined
24	24	13 as provided in Sections 1 and 1a above. Except as provided in
25	25	14 Sections 13 and 13.1 of this Act, the Department shall then
26	26	15 certify such allocations to the State Comptroller, who shall
27	27	16 pay over to the several municipalities and counties the
28	28	17 respective amounts allocated to them. The amount of such Funds
29	29	18 allocable to each such municipality and county shall be in
30	30	19 proportion to the number of individual residents of such
31	31	20 municipality or county to the total population of the State,
32	32	21 determined in each case on the basis of the latest census of
33	33	22 the State, municipality or county conducted by the Federal
34	34	23 government and certified by the Secretary of State and for
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38	38	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4062 Introduced , by Rep. Ryan Spain SYNOPSIS AS INTRODUCED:
39	39	30 ILCS 115/2 from Ch. 85, par. 612 35 ILCS 5/901 30 ILCS 115/2 from Ch. 85, par. 612 35 ILCS 5/901
40	40	30 ILCS 115/2 from Ch. 85, par. 612
41	41	35 ILCS 5/901
42	42	Amends the Illinois Income Tax Act. Provides that the following amounts shall be deposited into the Local Government Distributive Fund as the revenue is realized from the specified taxes: (i) 10% of the net revenue realized from the tax imposed under the Act upon individuals, trusts, and estates; (ii) 10% of the net revenue realized from the tax imposed by the Act upon electing pass-through entities; and (iii) 10% of the net revenue realized from the tax imposed by the Act upon corporations. Amends the State Revenue Sharing Act to provide that amounts paid into the Local Government Distributive Fund are appropriated on a continuing basis. Effective immediately.
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45	45	A BILL FOR
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51	51	30 ILCS 115/2 from Ch. 85, par. 612
52	52	35 ILCS 5/901
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71	71	1 annexations to municipalities, the latest Federal, State or
72	72	2 municipal census of the annexed area which has been certified
73	73	3 by the Department of Revenue. Allocations to the City of
74	74	4 Chicago under this Section are subject to Section 6 of the
75	75	5 Hotel Operators' Occupation Tax Act. For the purpose of this
76	76	6 Section, the number of individual residents of a county shall
77	77	7 be reduced by the number of individuals residing therein in
78	78	8 municipalities, but the number of individual residents of the
79	79	9 State, county and municipality shall reflect the latest census
80	80	10 of any of them. The amounts transferred into the Local
81	81	11 Government Distributive Fund pursuant to Section 9 of the Use
82	82	12 Tax Act, Section 9 of the Service Use Tax Act, Section 9 of the
83	83	13 Service Occupation Tax Act, and Section 3 of the Retailers'
84	84	14 Occupation Tax Act, each as now or hereafter amended, pursuant
85	85	15 to the amendments of such Sections by Public Act 85-1135,
86	86	16 shall be distributed as provided in said Sections.
87	87	17 (b) It is the intent of the General Assembly that
88	88	18 allocations made under this Section shall be made in a fair and
89	89	19 equitable manner. Accordingly, the clerk of any municipality
90	90	20 to which territory has been annexed, or from which territory
91	91	21 has been disconnected, shall notify the Department of Revenue
92	92	22 in writing of that annexation or disconnection and shall (1)
93	93	23 state the number of residents within the territory that was
94	94	24 annexed or disconnected, based on the last census conducted by
95	95	25 the federal, State, or municipal government and certified by
96	96	26 the Illinois Secretary of State, and (2) furnish therewith a
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107	107	1 certified copy of the plat of annexation or, in the case of
108	108	2 disconnection, the ordinance, final judgment, or resolution of
109	109	3 disconnection together with an accurate depiction of the
110	110	4 territory disconnected. The county in which the annexed or
111	111	5 disconnected territory is located shall verify that the number
112	112	6 of residents stated on the written notice that is to be sent to
113	113	7 the Department of Revenue is true and accurate. The verified
114	114	8 statement of the county shall accompany the written notice.
115	115	9 However, if the county does not respond to the municipality's
116	116	10 request for verification within 30 days, this verification
117	117	11 requirement shall be waived. The written notice shall be
118	118	12 provided to the Department of Revenue (1) within 30 days after
119	119	13 the effective date of this amendatory Act of the 96th General
120	120	14 Assembly for disconnections occurring after January 1, 2007
121	121	15 and before the effective date of this amendatory Act of the
122	122	16 96th General Assembly or (2) within 30 days after the
123	123	17 annexation or disconnection for annexations or disconnections
124	124	18 occurring on or after the effective date of this amendatory
125	125	19 Act of the 96th General Assembly. For purposes of this
126	126	20 Section, a disconnection or annexation through court order is
127	127	21 deemed to be effective 30 days after the entry of a final
128	128	22 judgment order, unless stayed pending appeal. Thereafter, the
129	129	23 monthly allocation made to the municipality and to any other
130	130	24 municipality or county affected by the annexation or
131	131	25 disconnection shall be adjusted in accordance with this
132	132	26 Section to reflect the change in residency of the residents of
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143	143	1 the territory that was annexed or disconnected. The adjustment
144	144	2 shall be made no later than 30 days after the Department of
145	145	3 Revenue's receipt of the written notice of annexation or
146	146	4 disconnection described in this Section.
147	147	5 (c) All amounts paid into the Local Government
148	148	6 Distributive Fund in accordance with this Section and
149	149	7 allocated pursuant to this Act are appropriated on a
150	150	8 continuing basis.
151	151	9 (Source: P.A. 96-1040, eff. 7-14-10.)
152	152	10 Section 10. The Illinois Income Tax Act is amended by
153	153	11 changing Section 901 as follows:
154	154	12 (35 ILCS 5/901)
155	155	13 Sec. 901. Collection authority.
156	156	14 (a) In general. The Department shall collect the taxes
157	157	15 imposed by this Act. The Department shall collect certified
158	158	16 past due child support amounts under Section 2505-650 of the
159	159	17 Department of Revenue Law of the Civil Administrative Code of
160	160	18 Illinois. Except as provided in subsections (b), (c), (e),
161	161	19 (f), (g), and (h) of this Section, money collected pursuant to
162	162	20 subsections (a) and (b) of Section 201 of this Act shall be
163	163	21 paid into the General Revenue Fund in the State treasury;
164	164	22 money collected pursuant to subsections (c) and (d) of Section
165	165	23 201 of this Act shall be paid into the Personal Property Tax
166	166	24 Replacement Fund, a special fund in the State Treasury; and
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177	177	1 money collected under Section 2505-650 of the Department of
178	178	2 Revenue Law of the Civil Administrative Code of Illinois shall
179	179	3 be paid into the Child Support Enforcement Trust Fund, a
180	180	4 special fund outside the State Treasury, or to the State
181	181	5 Disbursement Unit established under Section 10-26 of the
182	182	6 Illinois Public Aid Code, as directed by the Department of
183	183	7 Healthcare and Family Services.
184	184	8 (b) Local Government Distributive Fund.
185	185	9 Beginning August 1, 2017 and continuing through July 31,
186	186	10 2022, the Treasurer shall transfer each month from the General
187	187	11 Revenue Fund to the Local Government Distributive Fund an
188	188	12 amount equal to the sum of: (i) 6.06% (10% of the ratio of the
189	189	13 3% individual income tax rate prior to 2011 to the 4.95%
190	190	14 individual income tax rate after July 1, 2017) of the net
191	191	15 revenue realized from the tax imposed by subsections (a) and
192	192	16 (b) of Section 201 of this Act upon individuals, trusts, and
193	193	17 estates during the preceding month; (ii) 6.85% (10% of the
194	194	18 ratio of the 4.8% corporate income tax rate prior to 2011 to
195	195	19 the 7% corporate income tax rate after July 1, 2017) of the net
196	196	20 revenue realized from the tax imposed by subsections (a) and
197	197	21 (b) of Section 201 of this Act upon corporations during the
198	198	22 preceding month; and (iii) beginning February 1, 2022, 6.06%
199	199	23 of the net revenue realized from the tax imposed by subsection
200	200	24 (p) of Section 201 of this Act upon electing pass-through
201	201	25 entities.
202	202	26 Beginning August 1, 2022 and until June 30, 2023, the
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213	213	1 Treasurer shall transfer each month from the General Revenue
214	214	2 Fund to the Local Government Distributive Fund an amount equal
215	215	3 to the sum of: (i) 6.16% of the net revenue realized from the
216	216	4 tax imposed by subsections (a) and (b) of Section 201 of this
217	217	5 Act upon individuals, trusts, and estates during the preceding
218	218	6 month; (ii) 6.85% of the net revenue realized from the tax
219	219	7 imposed by subsections (a) and (b) of Section 201 of this Act
220	220	8 upon corporations during the preceding month; and (iii) 6.16%
221	221	9 of the net revenue realized from the tax imposed by subsection
222	222	10 (p) of Section 201 of this Act upon electing pass-through
223	223	11 entities.
224	224	12 Beginning July 1, 2023, the following amounts shall be
225	225	13 deposited into the Local Government Distributive Fund as the
226	226	14 revenue is realized from the specified taxes: (i) 10% of the
227	227	15 net revenue realized from the tax imposed by subsections (a)
228	228	16 and (b) of Section 201 of this Act upon individuals, trusts,
229	229	17 and estates; (ii) 10% of the net revenue realized from the tax
230	230	18 imposed by subsection (p) of Section 201 of this Act upon
231	231	19 electing pass-through entities; and (iii) 10% of the net
232	232	20 revenue realized from the tax imposed by subsections (a) and
233	233	21 (b) of Section 201 of this Act upon corporations.
234	234	22 Net revenue realized for a month shall be defined as the
235	235	23 revenue from the tax imposed by subsections (a) and (b) of
236	236	24 Section 201 of this Act which is deposited in the General
237	237	25 Revenue Fund, the Education Assistance Fund, the Income Tax
238	238	26 Surcharge Local Government Distributive Fund, the Fund for the
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249	249	1 Advancement of Education, and the Commitment to Human Services
250	250	2 Fund during the month minus the amount paid out of the General
251	251	3 Revenue Fund in State warrants during that same month as
252	252	4 refunds to taxpayers for overpayment of liability under the
253	253	5 tax imposed by subsections (a) and (b) of Section 201 of this
254	254	6 Act.
255	255	7 Notwithstanding any provision of law to the contrary,
256	256	8 beginning on July 6, 2017 (the effective date of Public Act
257	257	9 100-23), those amounts required under this subsection (b) to
258	258	10 be transferred by the Treasurer into the Local Government
259	259	11 Distributive Fund from the General Revenue Fund shall be
260	260	12 directly deposited into the Local Government Distributive Fund
261	261	13 as the revenue is realized from the tax imposed by subsections
262	262	14 (a) and (b) of Section 201 of this Act.
263	263	15 (c) Deposits Into Income Tax Refund Fund.
264	264	16 (1) Beginning on January 1, 1989 and thereafter, the
265	265	17 Department shall deposit a percentage of the amounts
266	266	18 collected pursuant to subsections (a) and (b)(1), (2), and
267	267	19 (3) of Section 201 of this Act into a fund in the State
268	268	20 treasury known as the Income Tax Refund Fund. Beginning
269	269	21 with State fiscal year 1990 and for each fiscal year
270	270	22 thereafter, the percentage deposited into the Income Tax
271	271	23 Refund Fund during a fiscal year shall be the Annual
272	272	24 Percentage. For fiscal year 2011, the Annual Percentage
273	273	25 shall be 8.75%. For fiscal year 2012, the Annual
274	274	26 Percentage shall be 8.75%. For fiscal year 2013, the
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285	285	1 Annual Percentage shall be 9.75%. For fiscal year 2014,
286	286	2 the Annual Percentage shall be 9.5%. For fiscal year 2015,
287	287	3 the Annual Percentage shall be 10%. For fiscal year 2018,
288	288	4 the Annual Percentage shall be 9.8%. For fiscal year 2019,
289	289	5 the Annual Percentage shall be 9.7%. For fiscal year 2020,
290	290	6 the Annual Percentage shall be 9.5%. For fiscal year 2021,
291	291	7 the Annual Percentage shall be 9%. For fiscal year 2022,
292	292	8 the Annual Percentage shall be 9.25%. For fiscal year
293	293	9 2023, the Annual Percentage shall be 9.25%. For all other
294	294	10 fiscal years, the Annual Percentage shall be calculated as
295	295	11 a fraction, the numerator of which shall be the amount of
296	296	12 refunds approved for payment by the Department during the
297	297	13 preceding fiscal year as a result of overpayment of tax
298	298	14 liability under subsections (a) and (b)(1), (2), and (3)
299	299	15 of Section 201 of this Act plus the amount of such refunds
300	300	16 remaining approved but unpaid at the end of the preceding
301	301	17 fiscal year, minus the amounts transferred into the Income
302	302	18 Tax Refund Fund from the Tobacco Settlement Recovery Fund,
303	303	19 and the denominator of which shall be the amounts which
304	304	20 will be collected pursuant to subsections (a) and (b)(1),
305	305	21 (2), and (3) of Section 201 of this Act during the
306	306	22 preceding fiscal year; except that in State fiscal year
307	307	23 2002, the Annual Percentage shall in no event exceed 7.6%.
308	308	24 The Director of Revenue shall certify the Annual
309	309	25 Percentage to the Comptroller on the last business day of
310	310	26 the fiscal year immediately preceding the fiscal year for
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321	321	1 which it is to be effective.
322	322	2 (2) Beginning on January 1, 1989 and thereafter, the
323	323	3 Department shall deposit a percentage of the amounts
324	324	4 collected pursuant to subsections (a) and (b)(6), (7), and
325	325	5 (8), (c) and (d) of Section 201 of this Act into a fund in
326	326	6 the State treasury known as the Income Tax Refund Fund.
327	327	7 Beginning with State fiscal year 1990 and for each fiscal
328	328	8 year thereafter, the percentage deposited into the Income
329	329	9 Tax Refund Fund during a fiscal year shall be the Annual
330	330	10 Percentage. For fiscal year 2011, the Annual Percentage
331	331	11 shall be 17.5%. For fiscal year 2012, the Annual
332	332	12 Percentage shall be 17.5%. For fiscal year 2013, the
333	333	13 Annual Percentage shall be 14%. For fiscal year 2014, the
334	334	14 Annual Percentage shall be 13.4%. For fiscal year 2015,
335	335	15 the Annual Percentage shall be 14%. For fiscal year 2018,
336	336	16 the Annual Percentage shall be 17.5%. For fiscal year
337	337	17 2019, the Annual Percentage shall be 15.5%. For fiscal
338	338	18 year 2020, the Annual Percentage shall be 14.25%. For
339	339	19 fiscal year 2021, the Annual Percentage shall be 14%. For
340	340	20 fiscal year 2022, the Annual Percentage shall be 15%. For
341	341	21 fiscal year 2023, the Annual Percentage shall be 14.5%.
342	342	22 For all other fiscal years, the Annual Percentage shall be
343	343	23 calculated as a fraction, the numerator of which shall be
344	344	24 the amount of refunds approved for payment by the
345	345	25 Department during the preceding fiscal year as a result of
346	346	26 overpayment of tax liability under subsections (a) and
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357	357	1 (b)(6), (7), and (8), (c) and (d) of Section 201 of this
358	358	2 Act plus the amount of such refunds remaining approved but
359	359	3 unpaid at the end of the preceding fiscal year, and the
360	360	4 denominator of which shall be the amounts which will be
361	361	5 collected pursuant to subsections (a) and (b)(6), (7), and
362	362	6 (8), (c) and (d) of Section 201 of this Act during the
363	363	7 preceding fiscal year; except that in State fiscal year
364	364	8 2002, the Annual Percentage shall in no event exceed 23%.
365	365	9 The Director of Revenue shall certify the Annual
366	366	10 Percentage to the Comptroller on the last business day of
367	367	11 the fiscal year immediately preceding the fiscal year for
368	368	12 which it is to be effective.
369	369	13 (3) The Comptroller shall order transferred and the
370	370	14 Treasurer shall transfer from the Tobacco Settlement
371	371	15 Recovery Fund to the Income Tax Refund Fund (i)
372	372	16 $35,000,000 in January, 2001, (ii) $35,000,000 in January,
373	373	17 2002, and (iii) $35,000,000 in January, 2003.
374	374	18 (d) Expenditures from Income Tax Refund Fund.
375	375	19 (1) Beginning January 1, 1989, money in the Income Tax
376	376	20 Refund Fund shall be expended exclusively for the purpose
377	377	21 of paying refunds resulting from overpayment of tax
378	378	22 liability under Section 201 of this Act and for making
379	379	23 transfers pursuant to this subsection (d), except that in
380	380	24 State fiscal years 2022 and 2023, moneys in the Income Tax
381	381	25 Refund Fund shall also be used to pay one-time rebate
382	382	26 payments as provided under Sections 208.5 and 212.1.
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393	393	1 (2) The Director shall order payment of refunds
394	394	2 resulting from overpayment of tax liability under Section
395	395	3 201 of this Act from the Income Tax Refund Fund only to the
396	396	4 extent that amounts collected pursuant to Section 201 of
397	397	5 this Act and transfers pursuant to this subsection (d) and
398	398	6 item (3) of subsection (c) have been deposited and
399	399	7 retained in the Fund.
400	400	8 (3) As soon as possible after the end of each fiscal
401	401	9 year, the Director shall order transferred and the State
402	402	10 Treasurer and State Comptroller shall transfer from the
403	403	11 Income Tax Refund Fund to the Personal Property Tax
404	404	12 Replacement Fund an amount, certified by the Director to
405	405	13 the Comptroller, equal to the excess of the amount
406	406	14 collected pursuant to subsections (c) and (d) of Section
407	407	15 201 of this Act deposited into the Income Tax Refund Fund
408	408	16 during the fiscal year over the amount of refunds
409	409	17 resulting from overpayment of tax liability under
410	410	18 subsections (c) and (d) of Section 201 of this Act paid
411	411	19 from the Income Tax Refund Fund during the fiscal year.
412	412	20 (4) As soon as possible after the end of each fiscal
413	413	21 year, the Director shall order transferred and the State
414	414	22 Treasurer and State Comptroller shall transfer from the
415	415	23 Personal Property Tax Replacement Fund to the Income Tax
416	416	24 Refund Fund an amount, certified by the Director to the
417	417	25 Comptroller, equal to the excess of the amount of refunds
418	418	26 resulting from overpayment of tax liability under
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429	429	1 subsections (c) and (d) of Section 201 of this Act paid
430	430	2 from the Income Tax Refund Fund during the fiscal year
431	431	3 over the amount collected pursuant to subsections (c) and
432	432	4 (d) of Section 201 of this Act deposited into the Income
433	433	5 Tax Refund Fund during the fiscal year.
434	434	6 (4.5) As soon as possible after the end of fiscal year
435	435	7 1999 and of each fiscal year thereafter, the Director
436	436	8 shall order transferred and the State Treasurer and State
437	437	9 Comptroller shall transfer from the Income Tax Refund Fund
438	438	10 to the General Revenue Fund any surplus remaining in the
439	439	11 Income Tax Refund Fund as of the end of such fiscal year;
440	440	12 excluding for fiscal years 2000, 2001, and 2002 amounts
441	441	13 attributable to transfers under item (3) of subsection (c)
442	442	14 less refunds resulting from the earned income tax credit,
443	443	15 and excluding for fiscal year 2022 amounts attributable to
444	444	16 transfers from the General Revenue Fund authorized by
445	445	17 Public Act 102-700 this amendatory Act of the 102nd
446	446	18 General Assembly.
447	447	19 (5) This Act shall constitute an irrevocable and
448	448	20 continuing appropriation from the Income Tax Refund Fund
449	449	21 for the purposes of (i) paying refunds upon the order of
450	450	22 the Director in accordance with the provisions of this
451	451	23 Section and (ii) paying one-time rebate payments under
452	452	24 Sections 208.5 and 212.1.
453	453	25 (e) Deposits into the Education Assistance Fund and the
454	454	26 Income Tax Surcharge Local Government Distributive Fund. On
455	455
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465	465	1 July 1, 1991, and thereafter, of the amounts collected
466	466	2 pursuant to subsections (a) and (b) of Section 201 of this Act,
467	467	3 minus deposits into the Income Tax Refund Fund, the Department
468	468	4 shall deposit 7.3% into the Education Assistance Fund in the
469	469	5 State Treasury. Beginning July 1, 1991, and continuing through
470	470	6 January 31, 1993, of the amounts collected pursuant to
471	471	7 subsections (a) and (b) of Section 201 of the Illinois Income
472	472	8 Tax Act, minus deposits into the Income Tax Refund Fund, the
473	473	9 Department shall deposit 3.0% into the Income Tax Surcharge
474	474	10 Local Government Distributive Fund in the State Treasury.
475	475	11 Beginning February 1, 1993 and continuing through June 30,
476	476	12 1993, of the amounts collected pursuant to subsections (a) and
477	477	13 (b) of Section 201 of the Illinois Income Tax Act, minus
478	478	14 deposits into the Income Tax Refund Fund, the Department shall
479	479	15 deposit 4.4% into the Income Tax Surcharge Local Government
480	480	16 Distributive Fund in the State Treasury. Beginning July 1,
481	481	17 1993, and continuing through June 30, 1994, of the amounts
482	482	18 collected under subsections (a) and (b) of Section 201 of this
483	483	19 Act, minus deposits into the Income Tax Refund Fund, the
484	484	20 Department shall deposit 1.475% into the Income Tax Surcharge
485	485	21 Local Government Distributive Fund in the State Treasury.
486	486	22 (f) Deposits into the Fund for the Advancement of
487	487	23 Education. Beginning February 1, 2015, the Department shall
488	488	24 deposit the following portions of the revenue realized from
489	489	25 the tax imposed upon individuals, trusts, and estates by
490	490	26 subsections (a) and (b) of Section 201 of this Act, minus
491	491
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493	493
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501	501	1 deposits into the Income Tax Refund Fund, into the Fund for the
502	502	2 Advancement of Education:
503	503	3 (1) beginning February 1, 2015, and prior to February
504	504	4 1, 2025, 1/30; and
505	505	5 (2) beginning February 1, 2025, 1/26.
506	506	6 If the rate of tax imposed by subsection (a) and (b) of
507	507	7 Section 201 is reduced pursuant to Section 201.5 of this Act,
508	508	8 the Department shall not make the deposits required by this
509	509	9 subsection (f) on or after the effective date of the
510	510	10 reduction.
511	511	11 (g) Deposits into the Commitment to Human Services Fund.
512	512	12 Beginning February 1, 2015, the Department shall deposit the
513	513	13 following portions of the revenue realized from the tax
514	514	14 imposed upon individuals, trusts, and estates by subsections
515	515	15 (a) and (b) of Section 201 of this Act, minus deposits into the
516	516	16 Income Tax Refund Fund, into the Commitment to Human Services
517	517	17 Fund:
518	518	18 (1) beginning February 1, 2015, and prior to February
519	519	19 1, 2025, 1/30; and
520	520	20 (2) beginning February 1, 2025, 1/26.
521	521	21 If the rate of tax imposed by subsection (a) and (b) of
522	522	22 Section 201 is reduced pursuant to Section 201.5 of this Act,
523	523	23 the Department shall not make the deposits required by this
524	524	24 subsection (g) on or after the effective date of the
525	525	25 reduction.
526	526	26 (h) Deposits into the Tax Compliance and Administration
527	527
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537	537	1 Fund. Beginning on the first day of the first calendar month to
538	538	2 occur on or after August 26, 2014 (the effective date of Public
539	539	3 Act 98-1098), each month the Department shall pay into the Tax
540	540	4 Compliance and Administration Fund, to be used, subject to
541	541	5 appropriation, to fund additional auditors and compliance
542	542	6 personnel at the Department, an amount equal to 1/12 of 5% of
543	543	7 the cash receipts collected during the preceding fiscal year
544	544	8 by the Audit Bureau of the Department from the tax imposed by
545	545	9 subsections (a), (b), (c), and (d) of Section 201 of this Act,
546	546	10 net of deposits into the Income Tax Refund Fund made from those
547	547	11 cash receipts.
548	548	12 (Source: P.A. 101-8, see Section 99 for effective date;
549	549	13 101-10, eff. 6-5-19; 101-81, eff. 7-12-19; 101-636, eff.
550	550	14 6-10-20; 102-16, eff. 6-17-21; 102-558, eff. 8-20-21; 102-658,
551	551	15 eff. 8-27-21; 102-699, eff. 4-19-22; 102-700, eff. 4-19-22;
552	552	16 102-813, eff. 5-13-22; revised 8-2-22.)
553	553	17 Section 99. Effective date. This Act takes effect upon
554	554	18 becoming law.
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