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IL SB3387
Bill
Status
2/4/2026
Primary Sponsor
Elgie Sims
Click for details
AI Summary
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Amends the Illinois Coal Technology Development Assistance Act to require direct deposit of revenue into the Coal Technology Development Assistance Fund beginning in fiscal year 2027, rather than transferring from the General Revenue Fund.
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Modifies the Illinois Income Tax Act so that tax checkoff contribution amounts are deposited directly into their designated funds starting July 1, 2026, instead of being transferred from the General Revenue Fund.
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Consolidates the tire retail fee structure beginning July 1, 2026, replacing the separate $2.00 and $0.50 fees with a single $2.50 fee per new or used tire sold.
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Distributes the new consolidated tire fee as follows: 75% to the Used Tire Management Fund, 21% to the Emergency Public Health Fund, and 4% to the General Revenue Fund, with retailers retaining a $0.10 collection allowance per tire.
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Effective July 1, 2026.
Legislative Description
REVENUE-DIRECT DEPOSITS
Last Action
Rule 2-10 Committee Deadline Established As April 24, 2026
3/13/2026