92nd General Assembly
Status of HB2415
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 Full Text  Bill Summary

   35 ILCS 105/9             from Ch. 120, par. 439.9                          
   35 ILCS 110/9             from Ch. 120, par. 439.39                         
   35 ILCS 115/9             from Ch. 120, par. 439.109                        
   35 ILCS 120/3             from Ch. 120, par. 442                            
   65 ILCS 5/11-74.4-8d new                                                    

        Amends the Use Tax Act, the Service  Use  Tax  Act,  the  Service      
   Occupation  Tax  Act,  the  Retailers' Occupation Tax Act, and the Tax      
   Increment Allocation Redevelopment Act of the Illinois Municipal Code.      
   Requires the Department of Revenue to award grants to school districts      
   levying taxes in a redevelopment area in an amount equal to the tax         
   revenue lost by the school district because tax increment allocation        
   financing was adopted. Provides that the grant must be paid out of the      
   State's share of use and occupation taxes collected by the Department       
   of Revenue. Effective January 1, 2002.                                      
   FEB-23-2001  H  FILED WITH CLERK                                               
   FEB-23-2001  H  FIRST READING                                                  
   FEB-23-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-27-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary