101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB3456

 

Introduced , by Rep. Lance Yednock

 

SYNOPSIS AS INTRODUCED:
 
20 ILCS 605/605-1025 new

    Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Requires the Department of Commerce and Economic Opportunity Law to conduct a study to determine where tax credits and incentives are located according to fields of industry. Provides that the Department shall report its findings on its website by January 1, 2020, indicating where incentives are located and the types of industries that receive exemptions. Requires the Department to make recommendations on how to increase incentives statewide. Repeals these provisions January 1, 2021. Effective immediately.


LRB101 10325 RAB 55431 b

 

 

A BILL FOR

 

HB3456LRB101 10325 RAB 55431 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Department of Commerce and Economic
5Opportunity Law of the Civil Administrative Code of Illinois is
6amended by adding Section 605-1025 as follows:
 
7    (20 ILCS 605/605-1025 new)
8    Sec. 605-1025. Tax credit and incentive study; reporting.
9The Department of Commerce and Economic Opportunity Law shall
10conduct a study to determine where tax credits and incentives
11are located according to fields of industry. The Department
12shall report its findings on its website by January 1, 2020,
13indicating where incentives are located and the types of
14industries that receive exemptions, together with its
15recommendations on how to increase incentives statewide.
16    This Section is repealed January 1, 2021.
 
17    Section 99. Effective date. This Act takes effect upon
18becoming law.