|
| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB5510 Introduced 1/31/2022, by Rep. Mark L. Walker SYNOPSIS AS INTRODUCED:
|
| |
Amends the Economic Development for a Growing Economy Tax Credit Act. Extends the date after which the Department shall not enter into new Agreements under certain provisions of the Act until June 30, 2027 (currently, June 30, 2022). Effective immediately.
|
| |
| | A BILL FOR |
|
|
| | HB5510 | | LRB102 25838 HLH 35186 b |
|
|
| 1 | | AN ACT concerning revenue.
|
| 2 | | Be it enacted by the People of the State of Illinois,
|
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Economic Development for a Growing Economy |
| 5 | | Tax Credit Act is amended by changing Section 5-77 as follows:
|
| 6 | | (35 ILCS 10/5-77) |
| 7 | | Sec. 5-77. Sunset of new Agreements. The Department shall |
| 8 | | not enter into any new Agreements under the provisions of |
| 9 | | Section 5-50 of this Act after June 30, 2027 2022.
|
| 10 | | (Source: P.A. 99-925, eff. 1-20-17; 100-511, eff. 9-18-17.)
|
| 11 | | Section 99. Effective date. This Act takes effect upon |
| 12 | | becoming law.
|