HB4254 96TH GENERAL ASSEMBLY

LRB096 10068 RCE 20233 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB4254

Introduced 2/27/2009, by Rep. Emily McAsey

SYNOPSIS AS INTRODUCED:

20 ILCS 605/605-440 new

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that neither the Department of Commerce and Economic Opportunity nor the Department of Revenue shall award any discretionary tax or other incentive to any entity whose primary business is the production of oil or gas.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning State government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois is amended by adding Section 605-440 as follows:

(20 ILCS 605/605-440 new)

Sec. 605-440. Oil or gas business; no incentives. Notwithstanding any other law to the contrary, neither the Department of Commerce and Economic Opportunity nor the Department of Revenue shall award any discretionary tax or other incentive to any entity whose primary business is the production of oil or gas.