Bill Text: IL HB2439 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that, subject to appropriation, the Department of Commerce and Economic Opportunity, in consultation with the Department of Revenue, is authorized to create and award capacity building grants to municipalities whose equalized assessed value, total State sales tax disbursements, or both combined, decreased at least 30% over the 10 years preceding the issuance of the grant. Provides for the adoption of rules. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB2439 Detail]

Download: Illinois-2023-HB2439-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2439 Introduced , by Rep. Camille Y. Lilly SYNOPSIS AS INTRODUCED:
20 ILCS 605/605-1056 new
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that, subject to appropriation, the Department of Commerce and Economic Opportunity, in consultation with the Department of Revenue, is authorized to create and award capacity building grants to municipalities whose equalized assessed value, total State sales tax disbursements, or both combined, decreased at least 30% over the 10 years preceding the issuance of the grant. Provides for the adoption of rules. Effective immediately.
LRB103 29637 HLH 56033 b
A BILL FOR
HB2439 LRB103 29637 HLH 56033 b
AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Department of Commerce and Economic
Opportunity Law of the Civil Administrative Code of Illinois
is amended by adding Section 605-1056 as follows:
(20 ILCS 605/605-1056 new)
Sec. 605-1056. Capacity building grants. Subject to
appropriation, the Department of Commerce and Economic
Opportunity, in consultation with the Department of Revenue,
is authorized to create and award capacity building grants to
municipalities whose equalized assessed value, total State
sales tax disbursements, or both combined, subject to
inflation, decreased at least 30% over the 10 years preceding
the issuance of the grant. The Department shall adopt rules to
implement and administer the requirements of this Section.
Section 99. Effective date. This Act takes effect upon
becoming law.