IL SB2544 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the State Revenue Sharing Act and the Illinois Income Tax Act. Provides that a monthly transfer shall be made to the Local Government Distributive Fund an amount certified by the Department of Revenue equal to: (1) the amount that would have been distributed under the State Revenue Sharing Act to all financially distressed cities if a sum calculated using 10% of the net revenue realized from the tax imposed by the Illinois Income Tax Act upon individuals, trusts, estates, and corporations during the preceding month had been transferred to the Local Government Distributive Fund; and (2) subtracting the amount distributed to all financially distressed cities from the Local Government Distributive Fund under the State Revenue Sharing Act. Provides for continuing appropriation if insufficient appropriations are made. Amends the Financially Distressed City Law of the Illinois Municipal Code. Makes the law applicable to both home rule and non-home rule municipalities. Provides that a State agency or unit of local government may also render technical assistance to a municipality's Financial Advisory Authority as the Authority may request. Provides that the State shall not reduce revenues or impose additional costs affecting a financially distressed city affecting the municipality unless it is consistent with the Financial Plan and Budget in effect. Provides that State mandates enacted while a municipality is designated as a financially distressed city that would cause the municipality to incur costs are not valid or enforceable during the period when the municipality is under the financially distressed city designation. Effective January 1, 2021.

Tracking Information

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Title

FINANCIALLY DISTRESSED CITIES

Sponsors


History

DateChamberAction
2021-01-13SenateSession Sine Die
2020-05-15SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020
2020-05-07SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
2020-05-07SenateRule 2-10 Committee Deadline Established As May 22, 2020
2020-04-30SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
2020-04-30SenateRule 2-10 Committee Deadline Established As May 15, 2020
2020-04-23SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
2020-04-23SenateRule 2-10 Committee Deadline Established As May 7, 2020
2020-04-16SenateRule 2-10 Committee Deadline Established As April 30, 2020
2020-04-12SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2020-03-25SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
2020-03-25SenateRule 2-10 Committee Deadline Established As April 24, 2020
2020-03-18SenateRule 2-10 Committee Deadline Established As April 2, 2020
2020-02-26SenateTo Subcommittee on Special Issues (RE)
2020-02-04SenateAssigned to Revenue
2020-01-29SenateReferred to Assignments
2020-01-29SenateFirst Reading
2020-01-29SenateFiled with Secretary by Sen. Emil Jones, III

Code Citations

ChapterArticleSectionCitation TypeStatute Text
301152Amended CodeCitation Text
355901Amended CodeCitation Text
6558-12-10Amended CodeCitation Text
6558-12-18Amended CodeCitation Text
6558-12-24Amended CodeCitation Text
6558-12-3Amended CodeCitation Text
6558-12-4Amended CodeCitation Text

Illinois State Sources


Bill Comments

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