Sen. Andy Manar
Filed: 5/23/2017
 
 


 




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1
AMENDMENT TO SENATE BILL 42 




2 AMENDMENT NO. ______. Amend Senate Bill 42, AS AMENDED, 
3with reference to page and line numbers of Senate Amendment No. 
42, on page 36, deletes line 10; and


5replaces from line 19, on page 108, through line 16, on page 
6109, with the following:

7 "(2) Except as otherwise provided in paragraph (4), on On 
8the first day of the month following the effective date of this 
9amendatory Act of the 95th General Assembly and each month 
10thereafter, upon certification by the Department of Revenue, 
11the Comptroller shall order transferred and the Treasurer shall 
12transfer from the General Revenue Fund to the Public 
13Transportation Fund an amount equal to 5% of the net revenue, 
14before the deduction of the serviceman and retailer discounts 
15pursuant to Section 9 of the Service Occupation Tax Act and 
16Section 3 of the Retailers' Occupation Tax Act, realized from 
 
 
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1any tax imposed by the Authority pursuant to Sections 4.03 and 
24.03.1 and certified by the Department of Revenue under Section 
34.03(n) of this Act to be paid to the Authority and 5% of the 
4amounts deposited into the Regional Transportation Authority 
5tax fund created by Section 4.03 of this Act from the County 
6and Mass Transit District Fund as provided in Section 6z-20 of 
7the State Finance Act, and 5% of the amounts deposited into the 
8Regional Transportation Authority Occupation and Use Tax 
9Replacement Fund from the State and Local Sales Tax Reform Fund 
10as provided in Section 6z-17 of the State Finance Act, and 5% 
11of the revenue realized by the Chicago Transit Authority as 
12financial assistance from the City of Chicago from the proceeds 
13of any tax imposed by the City of Chicago under Section 8-3-19 
14of the Illinois Municipal Code.".