Public Act 0451 100TH GENERAL ASSEMBLY

SB1567 Enrolled LRB100 06206 HLH 16240 b

Public Act 100-0451

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Economic Development for a Growing Economy Tax Credit Act is amended by adding Section 5-57 as follows:

(35 ILCS 10/5-57 new)

Sec. 5-57. Supplier diversity goals; reports. Each taxpayer claiming a credit under this Act shall, no later than April 15 of each taxable year for which the taxpayer claims a credit under this Act, submit to the Department of Commerce and Economic Opportunity an annual report containing the information described in subsections (b), (c), (d), and (e) of Section 5-117 of the Public Utilities Act. Those reports shall be submitted in the form and manner required by the Department of Commerce and Economic Opportunity.

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

Effective Date: 8/25/2017