Bill Title: Amends the Reimagining Energy and Vehicles in Illinois Act and the Manufacturing Illinois Chips for Real Opportunity (MICRO) Act. Provides that failure to report certain data may result in ineligibility to receive incentives and may result in revocation of building materials exemption certificates issued to the taxpayer. Amends the Retailers' Occupation Tax Act. In provisions concerning the building materials exemption for REV Illinois projects and microchip and semiconductor manufacturing, provides that the retailer must obtain a certification from the purchaser that contains certain specified information. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Passed) 2024-07-19 - Public Act . . . . . . . . . 103-0712 [HB5412 Detail]

Text: Latest bill text (Chaptered) [HTML]

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