Bill Text: IL HB1268 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the Technology Development Act. Makes a technical change in a Section concerning the purpose of the Act.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-04-23 - Rule 19(a) / Re-referred to Rules Committee [HB1268 Detail]
Download: Illinois-2021-HB1268-Introduced.html
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1 | AN ACT concerning finance.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Technology Development Act is amended by | |||||||||||||||||||
5 | changing Section 5 as follows:
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6 | (30 ILCS 265/5)
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7 | Sec. 5. Policy. The
The Illinois General Assembly finds | |||||||||||||||||||
8 | that it is important
for the
State to encourage technology | |||||||||||||||||||
9 | development in the State. The purpose of this
Act is to
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10 | attract, assist, and retain quality technology businesses and | |||||||||||||||||||
11 | promote the growth of jobs and entrepreneurial and venture | |||||||||||||||||||
12 | capital environments in Illinois. The
creation of the
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13 | Technology Development Account will allow the State to bring | |||||||||||||||||||
14 | together, and add
to,
Illinois'
rich science, technology, | |||||||||||||||||||
15 | agricultural, financial, and business communities. | |||||||||||||||||||
16 | (Source: P.A. 100-1081, eff. 8-24-18.)
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