Bill Text: IL HB3456 | 2019-2020 | 101st 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. Requires the Department of Commerce and Economic Opportunity Law to conduct a study to determine where tax credits and incentives are located according to fields of industry. Provides that the Department shall report its findings on its website by January 1, 2020, indicating where incentives are located and the types of industries that receive exemptions. Requires the Department to make recommendations on how to increase incentives statewide. Repeals these provisions January 1, 2021. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee [HB3456 Detail]

Download: Illinois-2019-HB3456-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB3456 Introduced , by Rep. Lance Yednock SYNOPSIS AS INTRODUCED:
20 ILCS 605/605-1025 new
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Requires the Department of Commerce and Economic Opportunity Law to conduct a study to determine where tax credits and incentives are located according to fields of industry. Provides that the Department shall report its findings on its website by January 1, 2020, indicating where incentives are located and the types of industries that receive exemptions. Requires the Department to make recommendations on how to increase incentives statewide. Repeals these provisions January 1, 2021. Effective immediately.
LRB101 10325 RAB 55431 b
A BILL FOR
HB3456 LRB101 10325 RAB 55431 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 605-1025 as follows:
(20 ILCS 605/605-1025 new)
Sec. 605-1025. Tax credit and incentive study; reporting.
The Department of Commerce and Economic Opportunity Law shall
conduct a study to determine where tax credits and incentives
are located according to fields of industry. The Department
shall report its findings on its website by January 1, 2020,
indicating where incentives are located and the types of
industries that receive exemptions, together with its
recommendations on how to increase incentives statewide.
This Section is repealed January 1, 2021.
Section 99. Effective date. This Act takes effect upon
becoming law.