Bill > HB3022

This bill amends the Liquor Control Act of 1934 to change how tax proceeds from alcoholic liquor are distributed. Currently, all proceeds from an additional tax imposed by a previous public act are deposited into the Capital Projects Fund, with the remainder going to the General Revenue Fund. Beginning July 1, 2025, the bill mandates a new distribution method where tax proceeds will be split, with 43% going to the Capital Projects Fund and 57% going to the General Revenue Fund. The bill does not change the tax rates on alcoholic liquor, which vary depending on the type of beverage (such as beer, wine, cider, or spirits), but instead focuses on modifying the allocation of tax revenue. The change aims to adjust the state's budgetary approach to liquor tax proceeds, potentially providing a slightly different funding balance between capital projects and general state expenses. The bill takes effect immediately upon becoming law.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3022&GAID=18&DocTypeID=HB&SessionID=114&GA=104