|
| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4568 Introduced 2/5/2020, by Rep. Camille Y. Lilly SYNOPSIS AS INTRODUCED:
|
| |
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that, subject to appropriation, the Department of Commerce and Economic Opportunity, in consultation with the Department of Revenue, is authorized to create and award capacity building grants to municipalities whose equalized assessed value, total State sales tax disbursements, or both combined, decreased at least 30% over the 10 years preceding the issuance of the grant. Provides for the adoption of rules.
|
| |
| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
|
|
| | HB4568 | | LRB101 18235 RJF 67677 b |
|
|
| 1 | | AN ACT concerning State government.
|
| 2 | | Be it enacted by the People of the State of Illinois,
|
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Department of Commerce and Economic |
| 5 | | Opportunity Law of the
Civil Administrative Code of Illinois is |
| 6 | | amended by adding Section 605-1045 as follows:
|
| 7 | | (20 ILCS 605/605-1045 new) |
| 8 | | Sec. 605-1045. Capacity building grants. Subject to |
| 9 | | appropriation, the Department of Commerce and Economic |
| 10 | | Opportunity, in consultation with the Department of Revenue, is |
| 11 | | authorized to create and award capacity building grants to |
| 12 | | municipalities whose equalized assessed value, total State |
| 13 | | sales tax disbursements, or both combined, subject to |
| 14 | | inflation, decreased at least 30% over the 10 years preceding |
| 15 | | the issuance of the grant. The Department shall adopt rules to |
| 16 | | implement and administer the requirements of this Section.
|