HB0216 Summary

• Eliminates transfers of 1.5% of local sales tax revenues into the Tax Compliance and Administration Fund across multiple local taxing authorities (counties, municipalities, transit districts, and water commissions).

• Removes provisions that previously directed 3% of STAR bond sales tax increments and 1.5% of other local sales tax collections to the Tax Compliance and Administration Fund.

• Amends the State Finance Act, Counties Code, Illinois Municipal Code, and acts governing transit and water districts to remove these administrative cost transfers.

• Affects tax distributions from the County and Mass Transit District Fund, home rule county and municipal retailers' occupation taxes, Regional Transportation Authority taxes, and county water commission taxes.

• Changes take effect by eliminating language that required Department of Revenue to certify monthly transfers to the Tax Compliance and Administration Fund.