Bill Text: IL SB3122 | 2017-2018 | 100th General Assembly | Introduced


Bill Title: Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall issue a report by June 30, 2019 to the Governor and the General Assembly evaluating the degree to which tax exemptions and incentives offered under the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, and the Electricity Excise Tax Law spur job growth and economic development. Directs the Department of Revenue to provide such information as the Department of Commerce and Economic Opportunity may request. Repeals the Section on June 30, 2020. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2018-11-15 - Chief Sponsor Changed to Sen. William E. Brady [SB3122 Detail]

Download: Illinois-2017-SB3122-Introduced.html


100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SB3122

Introduced 2/15/2018, by Sen. Chris Nybo

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. Provides that the Department of Commerce and Economic Opportunity shall issue a report by June 30, 2019 to the Governor and the General Assembly evaluating the degree to which tax exemptions and incentives offered under the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, and the Electricity Excise Tax Law spur job growth and economic development. Directs the Department of Revenue to provide such information as the Department of Commerce and Economic Opportunity may request. Repeals the Section on June 30, 2020. Effective immediately.
LRB100 20084 HLH 36158 b

A BILL FOR

SB3122LRB100 20084 HLH 36158 b
1 AN ACT concerning revenue.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Department of Commerce and Economic
5Opportunity Law of the Civil Administrative Code of Illinois is
6amended by adding Section 605-1025 as follows:
7 (20 ILCS 605/605-1025 new)
8 Sec. 605-1025. Tax exemptions and incentives study. No
9later than June 30, 2019, the Department shall issue a report
10to the Governor and the General Assembly evaluating the degree
11to which tax exemptions and incentives under the following Acts
12spur job growth and economic development in the State: the Use
13Tax Act, the Service Use Tax Act, the Service Occupation Tax
14Act, the Retailers' Occupation Tax Act, and the Electricity
15Excise Tax Law.
16 The Department of Revenue shall provide such data regarding
17the taxes imposed under the listed Acts as the Department may
18request, after taking any measures needed to prevent the
19disclosure of the personal identifying information of any
20individual taxpayer.
21 This Section is repealed on June 30, 2020.
22 Section 99. Effective date. This Act takes effect upon

SB3122- 2 -LRB100 20084 HLH 36158 b
1becoming law.
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