Illinois House Bill 2483: INC TX-SURPLUS FUNDS

Illinois · 104th session

What it does

Amends the Illinois Income Tax Act. In provisions concerning transfers of surplus moneys from the Income Tax Refund Fund to the General Revenue Fund, provides that "surplus" means the cash balance in the Income Tax Refund Fund at the end of the applicable fiscal year, less amounts attributable to certain specified transfers. Effective immediately.

Latest action

Rule 19(a) / Re-referred to Rules Committee (2025-04-11)

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