Bill Title: Amends the Reimagining Energy and Vehicles in Illinois Act and the Manufacturing Illinois Chips for Real Opportunity (MICRO) Act. Provides that failure to report certain data may result in ineligibility to receive incentives and may result in revocation of building materials exemption certificates issued to the taxpayer. Amends the Retailers' Occupation Tax Act. In provisions concerning the building materials exemption for REV Illinois projects and microchip and semiconductor manufacturing, provides that the retailer must obtain a certification from the purchaser that contains certain specified information. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Engrossed) 2024-05-08 - Placed on Calendar Order of 3rd Reading May 8, 2024 [HB5412 Detail]

Text: Latest bill text (Engrossed) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Joe Sosnowski [R]	Primary	Sponsored Bills	HD-069	FollowTheMoney	Ballotpedia	VoteSmart
Senator Steve Stadelman [D]	Primary	Sponsored Bills	SD-034	FollowTheMoney	Ballotpedia	VoteSmart

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