101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4117

 

Introduced 1/16/2020, by Rep. Charles Meier

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 450/2-75

    Amends the Illinois Hydraulic Fracturing Tax Act. Provides that moneys received under the Act shall be used only for the payment of pension obligations of the State of Illinois. Effective immediately.


LRB101 15954 HLH 65315 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4117LRB101 15954 HLH 65315 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Hydraulic Fracturing Tax Act is
5amended by changing Section 2-75 as follows:
 
6    (35 ILCS 450/2-75)
7    Sec. 2-75. Distribution of proceeds. All moneys received by
8the Department under this Act shall be paid into the General
9Revenue Fund in the State treasury and shall be used only for
10the payment of pension obligations of the State of Illinois.
11(Source: P.A. 98-22, eff. 6-17-13.)
 
12    Section 99. Effective date. This Act takes effect upon
13becoming law.