Summary as Introduced
Amends the Counties Code. Provides that 1% of the school facility occupation taxes collected shall be distributed to the regional superintendent of schools (currently, these moneys are deposited into the Tax Compliance and Administration Fund) to cover the costs in administering and enforcing the provisions of the school facility occupation taxes Section of the Code. Effective July 1, 2022.
Staff Analysis
Provides that 50% of the 2% deducted from the amounts collected for the school facility occupation tax shall be deposited into the Tax Compliance and Administration Fund and 50% shall be distributed to the regional superintendent of schools to cover the costs in administering and enforcing the provisions of this Section.