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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB3664
Introduced 2/11/2010, by Sen. Michael Noland SYNOPSIS AS INTRODUCED:
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Amends the Corporate Accountability for Tax Expenditures Act. Makes a
technical change in a Section concerning an annual budget.
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A BILL FOR
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SB3664 |
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LRB096 20542 HLH 36229 b |
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| AN ACT concerning State government.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Corporate Accountability for Tax |
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| Expenditures Act is amended by changing Section 10 as follows:
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| (20 ILCS 715/10)
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| Sec. 10. Unified Economic Development Budget.
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| (a) For each State fiscal year ending on or after June 30, |
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| 2005, the
the
Department of Revenue shall
submit an annual |
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| Unified Economic Development Budget to the General Assembly.
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| The
Unified Economic Development Budget shall be due within 3 |
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| months after the end
of the fiscal
year, and shall present all |
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| types of development assistance granted during the
prior fiscal |
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| year,
including:
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| (1) The aggregate amount of uncollected or diverted |
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| State tax revenues
resulting
from each type of development |
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| assistance provided in the tax statutes, as
reported to the
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| Department of Revenue on tax returns filed during the |
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| fiscal year.
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| (2) All State development assistance.
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| (b) All data contained in the Unified Economic Development |
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| Budget presented
to the
General Assembly shall be fully subject |
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| to the Freedom of Information Act.
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