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House Bill No. 5506

Public Act No. 22-118 674 of 739

three million two hundred thousand dollars of General Fund revenue received from the federal government during the fiscal year ending June 30, 2022, pursuant to Section 9817 of the American Rescue Plan Act of 2021, P.L. 117-2, for federal revenue collections during the fiscal year ending June 30, 2023. Sec. 473. (Effective from passage) Not later than June 30, 2022, the Comptroller shall transfer one hundred twenty-five million dollars of the resources of the General Fund for the fiscal year ending June 30, 2022, to be accounted for as revenue of the General Fund for the fiscal year ending June 30, 2023. Sec. 474. (Effective July 1, 2022) The appropriations in section 1 of [this act] special act 21-15, as amended by section 1 of this act, are supported by the GENERAL FUND revenue estimates as follows:

2021-2022 2022-2023

TAXES

Personal Income

Withholding $7,371,900,000 [$7,668,200,000] $8,184,400,000

Estimates and Finals 2,989,100,000 [2,853,900,000] 3,522,700,000

Sales and Use 4,274,550,000 [4,297,200,000] 4,777,600,000

Corporations 1,115,600,000 [1,114,000,000] 1,294,200,000

Pass-Through Entities 1,485,800,000 [1,567,900,000] 1,957,300,000

Public Service 262,400,000 [269,300,000] 277,000,000

Inheritance and Estate 164,400,000 150,200,000

Insurance Companies 239,900,000 [235,800,000] 243,100,000

Cigarettes 322,900,000 [305,600,000] 308,100,000