Illinois · House Bill 4062 · 103rd General Assembly

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HB 4062 Sponsored by Ryan Spain Died in committee

  1. Introduced May 2, 2023
  2. In committee May 2, 2023
  3. Died  
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

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%…

Read the full title (108 words)

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.

Every action

9 steps, oldest first, as the legislature records them.

  1. HouseFiled with the Clerk by Rep. Ryan Spain
  2. HouseAdded Chief Co-Sponsor Rep. Tony M. McCombie
  3. HouseAdded Chief Co-Sponsor Rep. Brad Stephens
  4. HouseAdded Chief Co-Sponsor Rep. Anthony DeLuca
  5. HouseAdded Chief Co-Sponsor Rep. John Egofske
  6. HouseFirst Reading
  7. CommitteeReferred to Rules Committee · House Rules
  8. HouseAdded Co-Sponsor Rep. Jennifer Sanalitro
  9. HouseSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 5 cosponsors: 4 Republicans, 1 Democrat.

All 5 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.