Bill Title: Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall administer the Business to Business Revolving Loan Fund. Provides that moneys in the Business to Business Revolving Loan Fund shall be used by the Department of Commerce and Economic Opportunity to make revolving loans and grants to new and expanding businesses in the State. Sets limits on the amount of grants and loans. Creates an advisory committee to propose rules concerning eligibility for the loan and grant program. Amends the Illinois Income Tax Act. Creates a credit in an amount equal to the amount of the taxpayer's donation to the Business to Business Revolving Loan Fund, subject to approval by the Department of Commerce and Economic Opportunity. Provides that the Department of Commerce and Economic Opportunity may not approve more than $200,000,000 in credits for those donations in the aggregate in any calendar year. Amends the State Finance Act to create the Business to Business Revolving Loan Fund.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2019-01-08 - Session Sine Die [HB4152 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Introduced	2017-11-07	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB4152

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4152 currently on file.