Bill Text: IL SB1567 | 2017-2018 | 100th General Assembly | Enrolled
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that each taxpayer claiming a credit under the Act shall, no later than April 15 of each taxable year for which the taxpayer claims a credit, submit to the Illinois Commerce Commission an annual report containing certain information concerning procurement goals and spending for female-owned, minority-owned, veteran-owned, and small business enterprises. Provides that the reports shall be submitted in the form and manner required by the Illinois Commerce Commission. Effective immediately.
Spectrum: Partisan Bill (Democrat 10-0)
Status: (Passed) 2017-08-25 - Public Act . . . . . . . . . 100-0451 [SB1567 Detail]
Download: Illinois-2017-SB1567-Enrolled.html
Bill Title: Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that each taxpayer claiming a credit under the Act shall, no later than April 15 of each taxable year for which the taxpayer claims a credit, submit to the Illinois Commerce Commission an annual report containing certain information concerning procurement goals and spending for female-owned, minority-owned, veteran-owned, and small business enterprises. Provides that the reports shall be submitted in the form and manner required by the Illinois Commerce Commission. Effective immediately.
Spectrum: Partisan Bill (Democrat 10-0)
Status: (Passed) 2017-08-25 - Public Act . . . . . . . . . 100-0451 [SB1567 Detail]
Download: Illinois-2017-SB1567-Enrolled.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 Economic Development for a Growing Economy | ||||||
5 | Tax Credit Act is amended by adding Section 5-57 as follows:
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6 | (35 ILCS 10/5-57 new) | ||||||
7 | Sec. 5-57. Supplier diversity goals; reports. Each | ||||||
8 | taxpayer claiming a credit under this Act shall, no later than | ||||||
9 | April 15 of each taxable year for which the taxpayer claims a | ||||||
10 | credit under this Act, submit to the Department of Commerce and | ||||||
11 | Economic Opportunity an annual report containing the | ||||||
12 | information described in subsections (b), (c), (d), and (e) of | ||||||
13 | Section 5-117 of the Public Utilities Act. Those reports shall | ||||||
14 | be submitted in the form and manner required by the Department | ||||||
15 | of Commerce and Economic Opportunity.
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16 | Section 99. Effective date. This Act takes effect upon | ||||||
17 | becoming law.
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