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IL SB2196

Bill

Official Source

Status

Failed

1/8/2013

Primary Sponsor

Mattie Hunter

Click for details

Origin

Senate

97th General Assembly

AI Summary

  • Deposits 15% of moneys received by Illinois from franchise tax litigation settlements or judgments into the Department of Business Services Special Operations Fund.

  • Renames the Division of Corporations Special Operations Fund to the Department of Business Services Special Operations Fund.

  • Expands the use of the Special Operations Fund to include expenses related to audit, enforcement, and operational duties, in addition to expedited services for same-day or 24-hour requests.

  • Sets a maximum fund balance of $600,000 at the end of each fiscal year, with any excess transferred to the General Revenue Fund.

  • Takes effect immediately upon becoming law.

Legislative Description

BUS CORP - SOS TAX LITIGATION

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Assignments3/18/2011
State Government & Veterans Affairs3/2/2011
Assignments2/10/2011

Full Bill Text

No bill text available