HB1514 - STATE FINANCE-MOTOR VEHICLES

1 Co-Sponsor

Amends the State Finance Act. Provides that moneys in the Local Government Tax Fund and the County and Mass Transit District Fund from the tax imposed under the Retailers' Occupation Tax Act, the Service Occupation Tax Act, the Service Use Tax Act, or the Use Tax Act on a motor vehicle that is titled or registered in the State shall be distributed to the municipality where the motor vehicle is titled or registered or, if the motor vehicle is titled or registered in an unincorporated area of the county, to the county where the motor vehicle is titled or registered. Provides that, if the Illinois address for the motor vehicle for titling or registration purposes is given as being in a county with more than 3,000,000 inhabitants, then the money from the County and Mass Transit District Fund shall be distributed into the Regional Transportation Authority tax fund.