HB2673 Summary

• Appropriates $1,408,050,900 total to the Department of Revenue for fiscal year beginning July 1, 2021, comprised of $49,038,700 in General Funds, $1,358,512,200 in Other State Funds, and $500,000 in Federal Funds

• Allocates $29,561,000 from Personal Property Tax Replacement Fund for state's share of prosecutors, public defenders, county assessors, treasurers, sheriffs, and coroners' salaries and compensation

• Distributes $1,149,000,000 from sales tax and video gaming funds to Chicago and local governments for 1.25% use tax allocations and net terminal income tax per Video Gaming Act

• Appropriates $87,561,400 from Tax Compliance and Administration Fund and $49,038,700 from General Revenue Fund for operational expenses of the Department of Revenue

• Provides funding for motor fuel tax administration ($51,104,700), housing assistance programs ($108,250,000), cannabis regulation ($1,500,000), and other specialized tax administration functions