Sec. 15-40. Payments to State and Local Sales Tax Reform Fund and General Revenue Fund.
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/il/chapter-35/act-158/15-40A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 15-40. Payments to State and Local Sales Tax Reform Fund and General Revenue Fund. 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.