Illinois General Assembly - Full Text of HB5510
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Full Text of HB5510  102nd General Assembly

HB5510 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB5510

 

Introduced 1/31/2022, by Rep. Mark L. Walker

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 10/5-77

    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.


LRB102 25838 HLH 35186 b

 

 

A BILL FOR

 

HB5510LRB102 25838 HLH 35186 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 Economic Development for a Growing Economy
5Tax 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
8not enter into any new Agreements under the provisions of
9Section 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
12becoming law.