HB2686 amends the State Finance Act and State Revenue Sharing Act to adjust revenue distributions from the State and Local Sales Tax Reform Fund and.
HB2686 amends the State Finance Act and State Revenue Sharing Act to adjust revenue distributions from the State and Local Sales Tax Reform Fund and the Local Government Distributive Fund. The bill specifies that after deducting the amount transferred to the Tax Compliance and Administration Fund, the Department of Revenue will allocate funds to municipalities and counties based on population. It also details the distribution of funds to specific entities, including the Build Illinois Fund and the Madison County Mass Transit District.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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