INC TX-INCREASE LGDF

Session: 103rd General Assembly
Year: 2023
Bill #: HB3754
Category: Revenue
Position: Support
Mandate?
Revenue Loss?
Authority Preemption?

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Amends the Illinois Income Tax Act. Provides that, beginning July 1, 2023, the Department of Revenue shall deposit 10% of the net revenue realized from the income taxes imposed under the Act directly into the Local Government Distributive Fund as that revenue is realized. Effective immediately.



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