Bill Text: IL HB2834 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity shall not enter into any new EDGE Agreements after December 31, 2021 (currently, December 31, 2016). Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HB2834 Detail]
Download: Illinois-2017-HB2834-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 Economic Development for a Growing Economy | ||||||||||||||||||||||||
5 | Tax Credit Act is amended by changing Section 5-77 as follows:
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6 | (35 ILCS 10/5-77) | ||||||||||||||||||||||||
7 | Sec. 5-77. Sunset of new Agreements. The Department shall | ||||||||||||||||||||||||
8 | not enter into any new Agreements under the provisions of | ||||||||||||||||||||||||
9 | Section 5-50 of this Act after December 31, 2021 December 31, | ||||||||||||||||||||||||
10 | 2016 .
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11 | (Source: P.A. 97-2, eff. 5-6-11.)
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12 | Section 99. Effective date. This Act takes effect upon | ||||||||||||||||||||||||
13 | becoming law.
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