CLINTON — If passed, Ill. Senate Bill 2199, “would drastically affect us (City of Clinton) and our finances,” commissioner Tom Edmunds told fellow city council members on Monday.  “It would remove about 14 percent of the revenue from our general fund.”
Edmunds said word was the bill wasn’t likely to get far, but at this point, it could still be a cause for concern among Illinois communities, such as Clinton.

The potential loss appears more ominous when looking at the dollar amounts.

“We would lose about $182,000 in income tax revenue, $36,000 in use tax,” Edmunds said.

Use tax is applied to items considered “tangible personal property that is used, consumed or stored in the state,” according to the Sales Tax Institute.

Those are the small numbers.  One is significantly larger.

“Almost $300,000 in sales tax revenue because it would transfer then out of the local government distributive fund back to the state.”

The bill is currently assigned to the revenue committee of the Ill. Senate.  

If passed the legislation would take effect on July 1

“Hopefully, it’s just going to sit there,” Edmunds said.