The Department shall each month, upon collecting any taxes as provided in this Law, pay 20% of the money collected into the State and Local Sales Tax Reform Fund, a special fund in the State treasury, and 80% into the General Revenue Fund.
35 ILCS 158/15-40
Payments to State and Local Sales Tax Reform Fund and General Revenue Fund
Known as the Watercraft Use Tax Law
The act spans §§ 35-158-15-1 to 35-158-15-995 (12 sections).
P.A. 93-840, eff. 7-30-04.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.