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HB 2903

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: April 11, 2025.

USE/OCC TX-COMMON SCHOOL.

Bill ID IL-104-HB-2903
Session 104
Status in_committee
Committee Revenue & Finance Committee
House of Representatives in_committee 2025-04-11
Education Tax / Budget / Appropriations
Summary

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, of the remainder of the moneys received under the Acts after certain deposits have been made, 75% shall be deposited into the General Revenue Fund and 25% shall be deposited into the Common School Fund (currently, 75% shall be paid into the State Treasury and 25% shall be reserved in a special account and used only for the transfer to the Common School Fund as part of a specified monthly transfer). Effective immediately.

Sponsor
Fred Crespo
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-02-06 Introduced Bill introduced
2025-04-11 Status in_committee
2025-04-11 Latest Action 4/11/2025 - House:
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