HB6614 Summary

• Transfers direct deposit responsibility for Downstate Public Transportation Fund revenues from the Comptroller to the Department of Revenue effective July 1, 2017, streamlining the funding mechanism.

• The Department of Revenue must deposit designated fractions of net revenue from the Retailers' Occupation Tax Act, Service Occupation Tax Act, Use Tax Act, and Service Use Tax Act directly into the Downstate Public Transportation Fund instead of routing through the General Revenue Fund first.

• Applies to revenue collected from persons incurring municipal or county retailer and service occupation tax liability within designated Downstate Public Transportation participants' boundaries.

• Maintains existing percentage allocations (2/32 or 3/32 depending on county and time period) while changing the administrative process for fund transfers.