Bill Title: Reinserts the provisions of the introduced bill with changes. Provides that certain tax incentives created in the introduced bill take effect on January 1, 2022 (in the introduced bill, January 1, 2021). Removes certain obsolete cross-references. Makes formatting changes concerning tax credits and adds conforming changes to the Illinois Income Tax Act. With respect to the investment credit created in the introduced bill, requires the Department of Commerce and Economic Opportunity to provide a tax credit certificate indicating the credit amount and the year in which the property is placed in service. Amends the Illinois Enterprise Zone Act. Provides for the decertification of Enterprise Zones if 80% or more of the businesses receiving tax incentives within that Enterprise Zone fail to submit certain required information. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed - Dead) 2022-12-31 - Chief Sponsor Changed to Sen. Don Harmon [SB1747 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2021-05-06	HTML/Text	Link	View
Introduced	2021-02-26	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
Senate Amendment 004	2021-05-04	Proposed	HTML/Text	Link	View
Senate Amendment 002	2021-04-16	Proposed	HTML/Text	Link	View
Senate Amendment 003	2021-04-16	Proposed	HTML/Text	Link	View
Senate Amendment 001	2021-03-23	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1747 currently on file.

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