Public Act 100-0721
 
SB2919 EnrolledLRB100 20329 HLH 35616 b


  
    AN ACT concerning revenue.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  


 
    Section 5. The Corporate Accountability for Tax 
Expenditures Act is amended  by changing Section 10 as follows:
 



    (20 ILCS 715/10)



    Sec. 10. Unified Economic Development Budget. 

    (a) For each State fiscal year ending on or after June 30, 
2005, the
Department of Revenue shall
submit an annual Unified 
Economic Development Budget to the General Assembly.
The

Unified Economic Development Budget shall be due within 3 
months after the end
of the fiscal
year, and shall present all 
types of development assistance granted during the
prior fiscal 
year,
including:


        (1) The aggregate amount of uncollected or diverted 
    State tax revenues
resulting
from each type of development 
    assistance provided in the tax statutes, as
reported to the

    Department of Revenue for tax years beginning during the 
    third preceding calendar on tax returns filed during the 
    fiscal year.


        (2) All State development assistance granted during 
    the prior fiscal year.

    (b) All data contained in the Unified Economic Development 
Budget presented
to the
General Assembly shall be fully subject 
to the Freedom of Information Act.

    (c) The Department of Revenue shall submit a report of the 
amounts in
subdivision (a)(1)
of this Section to the 
Department, which may append such report to the Unified

Economic
Development Budget rather than separately reporting 
such amounts.

(Source: P.A. 93-552, eff. 8-20-03.)

 

    Section 99. Effective date. This Act takes effect upon 
becoming law.