Synopsis As Introduced Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that each taxpayer claiming a credit under the Act shall, no later than April 15 of each taxable year for which the taxpayer claims a credit, submit to the Illinois Commerce Commission an annual report containing certain information concerning procurement goals and spending for female-owned, minority-owned, veteran-owned, and small business enterprises. Provides that the reports shall be submitted in the form and manner required by the Illinois Commerce Commission. Effective immediately.
Senate Committee Amendment No. 1 Provides that annual report shall be made to the Department of Commerce and Economic Opportunity (in the introduced bill, the report is made to Illinois Commerce Commission).