Bill Text: IL HB4117 | 2019-2020 | 101st General Assembly | Introduced
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 2-0)
Status: (Introduced - Dead) 2020-02-04 - Added Chief Co-Sponsor Rep. Darren Bailey [HB4117 Detail]
Download: Illinois-2019-HB4117-Introduced.html
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1 | AN ACT concerning revenue.
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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 Illinois Hydraulic Fracturing Tax Act is | ||||||||||||||||||||||||
5 | amended by changing Section 2-75 as follows:
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6 | (35 ILCS 450/2-75)
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7 | Sec. 2-75. Distribution of proceeds. All moneys received by | ||||||||||||||||||||||||
8 | the Department under this Act shall be paid into the General | ||||||||||||||||||||||||
9 | Revenue Fund in the State treasury and shall be used only for | ||||||||||||||||||||||||
10 | the payment of pension obligations of the State of Illinois .
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11 | (Source: P.A. 98-22, eff. 6-17-13.)
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12 | Section 99. Effective date. This Act takes effect upon | ||||||||||||||||||||||||
13 | becoming law.
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