HB 4355 — DOWNSTATE TRANSPORT ASSIST

Summary

Creates the Greater Illinois Transportation Infrastructure Act and amends the State Finance Act and the Retailers' Occupation Tax Act. Creates the Greater Illinois Transportation Infrastructure Fund as a special fund in the State treasury. Provides for the transfer from the General Revenue Fund to the Greater Illinois Transportation Infrastructure Fund an amount equal to certain tax revenues collected in the Greater Illinois Region on sales of motor fuel by a retailer. Sets forth procedures for distributions to municipalities, counties, and road districts from the Greater Illinois Transportation Infrastructure Fund. Amends the Retailers’ Occupation Tax Act to make corresponding changes. Effective immediately.

Bill Text

• Introduced View text Current html

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill creates the Greater Illinois Transportation Infrastructure Act and establishes a new fund for transportation infrastructure financing, changing how certain tax revenues are allocated and used.

• 30 ILCS 105/5.708

  The Greater Illinois Transportation Infrastructure Fund.

  Creates a new special fund in the State treasury for transportation infrastructure.

• 35 ILCS 120/3

  The Department of Revenue shall prepare and certify to the Comptroller the transfer of stated sums of money from the General Revenue Fund into the Greater Illinois Transportation Infrastructure Fund.

  Mandates the Department of Revenue to certify monthly transfers from the General Revenue Fund to the new fund.

• 35 ILCS 120/3

  the amount to be certified is 80% of the net revenue realized from the 6.25% general rate under the Retailers’ Occupation Tax Act on the selling price of motor fuel sold by a retailer that is located within the Greater Illinois Region. → the amount to be certified is a percentage of the amount collected by the Department of Revenue from sales of motor fuel by the retailer in the Greater Illinois Region during the preceding calendar month.

  Changes the basis for calculating fund transfers to a percentage of total motor fuel tax revenue collected.

• 30 ILCS 105/5.708

  Moneys in the Fund may not be used for any other purpose than those set forth under this Act and are not subject to any administrative transfer, set-aside, or charge-back of any kind.

  Restricts the use of the funds to specific purposes set forth in the Act.

• 35 ILCS 120/3

  On the last day of each month, or as soon thereafter as practical, the Department shall distribute the moneys in the Greater Illinois Transportation Infrastructure Fund.

  Establishes a monthly disbursement schedule for the new fund.

• 35 ILCS 120/3

  55% to the municipalities within the Greater Illinois Region; 25% to the counties within the Greater Illinois Region; and 20% to the road districts of the Greater Illinois Region.

  Specifies the distribution percentages for revenue from the new fund to municipalities, counties, and road districts.

• 35 ILCS 120/3

  Municipalities, counties, and road districts may use the moneys distributed under this Act for any purpose for which moneys may be used under the Motor Fuel Tax Law.

  Expands the permissible uses of distributed funds to include uses allowed under the Motor Fuel Tax Law.

Action History

1. January 13, 2009

   Session Sine Die

2. January 11, 2008

   Referred to Rules Committee

3. January 11, 2008

   First Reading

4. January 10, 2008

   Filed with the Clerk by Rep. Jay C. Hoffman

Sponsors

• Jay Hoffman · Cosponsor

Subjects