92nd General Assembly
Status of HB3331
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 Full Text  Bill Summary

   30 ILCS 105/5.545 new                                                       
   30 ILCS 115/7 new                                                           
   35 ILCS 5/201             from Ch. 120, par. 2-201                          
   35 ILCS 5/202.5 new                                                         
   35 ILCS 5/203             from Ch. 120, par. 2-203                          
   35 ILCS 5/804             from Ch. 120, par. 8-804                          
   35 ILCS 5/901             from Ch. 120, par. 9-901                          
   35 ILCS 200/18-162 new                                                      
   35 ILCS 200/18-249                                                          
   35 ILCS 200/18-255                                                          
   35 ILCS 200/20-15                                                           
   35 ILCS 200/21-30                                                           
   105 ILCS 5/18-8.05                                                          

        Amends  numerous  Acts  in  relation  to  public  education   and      
   taxation.   Amends the Illinois Income Tax Act to raise the income tax      
   rate to 3.75% for individuals,  trusts,  and  estates.   Provides  for      
   deposit  of  portions  of the proceeds into the Common School Fund and      
   the newly created  Education  Property  Tax  Relief  Fund.   Also           
   creates  a  deduction  for  rent  paid  by  a  taxpayer  on his or her      
   principal residence.  Amends the  Property  Tax  Code  and  the  State      
   Revenue  Sharing  Act  to  provide  for abatement of a portion of real      
   property taxes.  Amends the School Code to make changes in  provisions      
   concerning  the basis for apportionment of general State financial aid      
   and supplemental general State aid.  Effective July 1, 2001.                
   MAR-02-2001  H  FILED WITH CLERK                                               
   MAR-05-2001  H  FIRST READING                                                  
   MAR-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   MAR-06-2001  H       ASSIGNED TO COMMITTEE               PROP TAX REFM         
   MAR-07-2001  H  ADDED AS A JOINT SPONSOR                 FEIGENHOLTZ           
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   MAR-20-2001  H  ADDED AS A JOINT SPONSOR                 FRITCHEY              
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary