The Department of Revenue shall each month, upon collecting any taxes as provided in this Law, pay the money collected from the 1.25% portion of the 6.25% rate into the Local Government Distributive Fund, a special fund in the State treasury. The remainder shall be paid into the General Revenue Fund.
35 ILCS 157/10-40
Payments to Local Government Distributive Fund and General Revenue Fund
Known as the Aircraft Use Tax Law
The act spans §§ 35-157-10-1 to 35-157-10-910 (11 sections).
P.A. 93-24, eff. 6-20-03.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.