Illinois § 31-35 Deposit of tax revenue

Illinois Statutes

§ 31-35 — Deposit of tax revenue

Illinois § 31-35

JurisdictionIllinois

TopicGOVERNMENT

Ch. 35REVENUE

Act 35 ILCS 200/Property Tax Code.

Art.Article 31 - Real Estate Transfer Tax Law

This text of Illinois § 31-35 (Deposit of tax revenue) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

35 Ill. Comp. Stat. 31-35 (2026).

Text

(a)Beginning on June 6, 2002 (the effective date of Public Act 92-536) and through June 30, 2003, of the moneys collected under Section 31-15, 50% shall be deposited into the Illinois Affordable Housing Trust Fund, 20% into the Open Space Lands Acquisition and Development Fund, 5% into the Natural Areas Acquisition Fund, and 25% into the General Revenue Fund.

(b)Beginning July 1, 2003, and through June 30, 2025, of the moneys collected under Section 31-15, 50% shall be deposited into the Illinois Affordable Housing Trust Fund, 35% into the Open Space Lands Acquisition and Development Fund, and 15% into the Natural Areas Acquisition Fund.

(c)Beginning July 1, 2025, of the moneys collected under Section 31-15, the first $300,000 shall be deposited into the Governor's Administrative Fund e

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(a) Beginning on June 6, 2002 (the effective date of Public Act 92-536) and through June 30, 2003, of the moneys collected under Section 31-15, 50% shall be deposited into the Illinois Affordable Housing Trust Fund, 20% into the Open Space Lands Acquisition and Development Fund, 5% into the Natural Areas Acquisition Fund, and 25% into the General Revenue Fund. (b) Beginning July 1, 2003, and through June 30, 2025, of the moneys collected under Section 31-15, 50% shall be deposited into the Illinois Affordable Housing Trust Fund, 35% into the Open Space Lands Acquisition and Development Fund, and 15% into the Natural Areas Acquisition Fund. (c) Beginning July 1, 2025, of the moneys collected under Section 31-15, the first $300,000 shall be deposited into the Governor's Administrative Fund each fiscal year. After all required deposits into the Governor's Administrative Fund have been made, the remainder shall be deposited as follows: (1) 50% into the Illinois Affordable Housing Trust Fund; (2) 35% into the Open Space Lands Acquisition and Development Fund; and (3) 15% into the Natural Areas Acquisition Fund.