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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB1268 Introduced 2/17/2021, by Rep. Emanuel Chris Welch SYNOPSIS AS INTRODUCED:
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| | Amends the Technology Development Act. Makes a technical change in a Section concerning the purpose of the Act.
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| | A BILL FOR |
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| | HB1268 | | LRB102 03278 RJF 13291 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Technology Development Act is amended by |
| 5 | | changing Section 5 as follows:
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| 6 | | (30 ILCS 265/5)
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| 7 | | Sec. 5. Policy. The
The Illinois General Assembly finds |
| 8 | | that it is important
for the
State to encourage technology |
| 9 | | development in the State. The purpose of this
Act is to
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| 10 | | attract, assist, and retain quality technology businesses and |
| 11 | | promote the growth of jobs and entrepreneurial and venture |
| 12 | | capital environments in Illinois. The
creation of the
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| 13 | | Technology Development Account will allow the State to bring |
| 14 | | together, and add
to,
Illinois'
rich science, technology, |
| 15 | | agricultural, financial, and business communities. |
| 16 | | (Source: P.A. 100-1081, eff. 8-24-18.)
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