Illinois General Assembly - Full Text of HB2409
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Full Text of HB2409  102nd General Assembly




HB2409 EngrossedLRB102 14477 HLH 19830 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 5-57 as follows:
6    (35 ILCS 10/5-57)
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 Department of Commerce
11and Economic Opportunity an annual report containing the
12information described in subsections (b), (c), (d), and (e) of
13Section 5-117 of the Public Utilities Act. Those reports shall
14be submitted in the form and manner required by the Department
15of Commerce and Economic Opportunity.
16    The Department shall not issue a tax certificate to any
17taxpayer under this Act unless the taxpayer first submits a
18supplier diversity report to the Department as required by
19this Act. Failure to file a supplier diversity report as
20required by this Act renders a taxpayer non-responsive to any
21Agreement with the Department and ineligible to receive a tax
22certificate or file a tax credit for that year. The Department
23shall publish on its website all supplier diversity reports



HB2409 Engrossed- 2 -LRB102 14477 HLH 19830 b

1filed by taxpayers under this Act and maintain those reports
2for at least 5 years.
3(Source: P.A. 100-451, eff. 8-25-17; 100-511, eff. 9-18-17.)