ENVIRONMENTAL REMEDIATION CRED
Synopsis of Bill as introduced:
Amends the Environmental Protection Act. Provides that the
Agency shall have the authority to administer a Brownfields revolving
loan program using grant money awarded by the United States
Environmental Protection Agency.
SENATE AMENDMENT NO. 1.
Deletes reference to:
415 ILCS 5/58.13
Adds reference to:
35 ILCS 5/201 from Ch. 120, par. 2-201
415 ILCS 5/58.14
Deletes everything. Amends the Illinois Income Tax Act and the
Environmental Protection Act. Increases the Environmental Remediation
Tax Credit for unreimbursed eligible remediation costs for certain
sites located in an enterprise zone.
HOUSE AMENDMENT NO. 1.
Adds reference to:
35 ILCS 105/12 from Ch. 120, par. 439.12
35 ILCS 110/12 from Ch. 120, par. 439.42
35 ILCS 115/12 from Ch. 120, par. 439.112
35 ILCS 120/1o new
Amends the Retailers' Occupation Tax Act. Exempts jet fuel and
petroleum products used and consumed by aircraft support centers that
meet certain requirements from the tax imposed by the Act. Requires
the business operating the aircraft support center to obtain a
certificate of eligibility for the exemptions from the Department of
Commerce and Community Affairs. Requires the support center to repay
exempted taxes to the Department of Revenue if the facility fails to
meet certain requirements. Requires the business to present the
certificate to its supplier when purchasing items exempted by these
provisions. Exempts these provisions from the Act's sunset
requirements. Amends the Use Tax Act, the Service Use Tax Act, and the
Service Occupation Tax Act to provide that the exemptions for jet fuel
and petroleum products used and consumed by aircraft support centers
shall apply if not inconsistent with the provisions of these Acts.
FISCAL NOTE, H-AM 1 (Dpt. of Revenue)
SB 1705 does not create a fiscal impact to the State.
STATE MANDATES ACT FISCAL NOTE, H-AM 1
Fails to create a State mandate.
HOME RULE NOTE, H-AM 1
Fails to preempt home rule authority.
Last action on Bill: PUBLIC ACT.............................. 90-0792
Last action date: 98-08-14
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1
END OF INQUIRY
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