Bill Text: IL HB2054 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Illinois Hydraulic Fracturing Tax Act. Provides that moneys received under the Act shall be used only for the payment of pension obligations of the State of Illinois. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee [HB2054 Detail]

Download: Illinois-2019-HB2054-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB2054 Introduced , by Rep. Charles Meier SYNOPSIS AS INTRODUCED:
35 ILCS 450/2-75
Amends the Illinois Hydraulic Fracturing Tax Act. Provides that moneys received under the Act shall be used only for the payment of pension obligations of the State of Illinois. Effective immediately.
LRB101 07712 HLH 52760 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB2054 LRB101 07712 HLH 52760 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Hydraulic Fracturing Tax Act is
amended by changing Section 2-75 as follows:
(35 ILCS 450/2-75)
Sec. 2-75. Distribution of proceeds. All moneys received by
the Department under this Act shall be paid into the General
Revenue Fund in the State treasury and shall be used only for
the payment of pension obligations of the State of Illinois.
(Source: P.A. 98-22, eff. 6-17-13.)
Section 99. Effective date. This Act takes effect upon
becoming law.