IL HB4169

Increases the percentage of state income tax revenue deposited into the Local Government Distributive Fund beginning July 1, 2022: from 6.06% to 8% for taxes on individuals, trusts, and estates, and from 6.85% to 9.11% for taxes on corporations

Establishes continuing appropriation for all amounts paid into the Local Government Distributive Fund, meaning funds would be automatically available for distribution without requiring annual legislative appropriation

Maintains the existing distribution formula where funds are allocated to municipalities and counties based on population relative to the total state population, using the latest federal census data

Requires municipal clerks to notify the Department of Revenue within 30 days of any annexation or disconnection of territory, with county verification of resident counts to ensure accurate fund distribution

Effective date of July 1, 2022