SB1285sam001 100TH GENERAL ASSEMBLY

Sen. Pamela J. Althoff

Filed: 2/28/2017

10000SB1285sam001 LRB100 08067 HLH 22675 a

AMENDMENT TO SENATE BILL 1285

AMENDMENT NO. ______. Amend Senate Bill 1285 on page 23, line 19, after "2015," by inserting "each month"; and

on page 23, line 20, by replacing "transfer" with "certify to the State Comptroller and the State Treasurer"; and

on page 24, immediately below line 1, by inserting the following:

"Upon receipt of the certification, the State Comptroller shall order transferred and the State Treasurer shall transfer those amounts from the General Revenue Fund to the Fund for the Advancement of Education."; and

on page 24, line 7, after "2015," by inserting "each month"; and

on page 24, line 8, by replacing "transfer" with "certify to the State Comptroller and the State Treasurer"; and

on page 24, immediately below line 15, by inserting the following:

"Upon receipt of the certification, the State Comptroller shall order transferred and the State Treasurer shall transfer those amounts from the General Revenue Fund to the Commitment to Human Services Fund."; and

by replacing everything from line 20 on page 24 through line 5 on page 25 with the following:

"(h) Transfers Deposits into the Tax Compliance and Administration Fund. Beginning on the first day of the first calendar month to occur on or after August 26, 2014 (the effective date of Public Act 98-1098), each month the Department shall certify to the State Comptroller and the State Treasurer pay into the Tax Compliance and Administration Fund, to be used, subject to appropriation, to fund additional auditors and compliance personnel at the Department, an amount equal to 1/12 of 5% of the cash receipts collected during the preceding fiscal year by the Audit Bureau of the Department from the tax imposed by subsections (a), (b), (c), and (d) of Section 201 of this Act, net of deposits into the Income Tax Refund Fund made from those cash receipts. Upon receipt of the certification, the State Comptroller shall order transferred and the State Treasurer shall transfer those amounts from the General Revenue Fund to the Tax Compliance and Administration Fund. Those moneys shall be used, subject to appropriation, to fund additional auditors and compliance personnel at the Department.".