Illinois General Assembly - Full Text of SB1567
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Full Text of SB1567  100th General Assembly

SB1567 100TH GENERAL ASSEMBLY

  
  

 


 
100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SB1567

 

Introduced 2/9/2017, by Sen. Cristina Castro

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 10/5-57 new

    Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that each taxpayer claiming a credit under the Act shall, no later than April 15 of each taxable year for which the taxpayer claims a credit, submit to the Illinois Commerce Commission an annual report containing certain information concerning procurement goals and spending for female-owned, minority-owned, veteran-owned, and small business enterprises. Provides that the reports shall be submitted in the form and manner required by the Illinois Commerce Commission. Effective immediately.


LRB100 06206 HLH 16240 b

 

 

A BILL FOR

 

SB1567LRB100 06206 HLH 16240 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 adding Section 5-57 as follows:
 
6    (35 ILCS 10/5-57 new)
7    Sec. 5-57. Supplier diversity goals; reports. Each
8taxpayer claiming a credit under this Act shall, no later than
9April 15 of each taxable year for which the taxpayer claims a
10credit under this Act, submit to the Illinois Commerce
11Commission an annual report containing the information
12described in subsections (b), (c), (d), and (e) of Section
135-117 of the Public Utilities Act. Those reports shall be
14submitted in the form and manner required by the Illinois
15Commerce Commission.
 
16    Section 99. Effective date. This Act takes effect upon
17becoming law.