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91_SB1675
LRB9111617DJcd
1 AN ACT in relation to tobacco settlement proceeds.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 1. Short title. This Act may be cited as the
5 Tobacco Settlement Proceeds for Affordable Health Insurance
6 Coverage Act.
7 Section 5. Definitions. In this Act, "tobacco settlement
8 agreement" means the Master Settlement Agreement in the case
9 of People of the State of Illinois v. Philip Morris, Inc. et
10 al. (Circuit Court of Cook County, Case No. 96-L13146). The
11 term also includes any settlement with or judgment against a
12 tobacco product manufacturer not participating in that Master
13 Settlement Agreement, if the settlement or judgment is in
14 satisfaction of a released claim as that term is defined in
15 the Master Settlement Agreement.
16 Section 10. Tobacco settlement proceeds; small employer
17 tax rebate. Up to 25% of the amounts received by the State
18 pursuant to a tobacco settlement agreement shall be dedicated
19 to pay a tax rebate to small employers with high-risk
20 employees for the purpose of improving the affordability of
21 health insurance coverage for those employees and increasing
22 their access to health insurance coverage.