IL HB2819 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Bipartisan Bill
Status: Introduced on February 16 2023 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department shall establish and implement a Veterans' Economic Center pilot program for the purposes of assisting veterans in finding employment and addressing the problem of veteran homelessness. Amends the Illinois Income Tax Act and the Economic Development for a Growing Economy Tax Credit Act. Provides that a taxpayer who receives a credit under the Act for a taxable year ending on or before December 31, 2025 pursuant an Agreement entered into on or after the effective date of the amendatory Act may apply only 98% of that credit amount against his or her State income tax liability in any taxable year. Provides that the remaining 2% of the total credit amount awarded shall be transferred from the General Revenue Fund into the Veterans' Economic Center Fund. Provides that moneys in the Veterans' Economic Center Fund shall be used by the Department of Commerce and Economic Opportunity to administer the Veterans' Economic Center pilot program. Amends the State Finance Act to create the Veterans' Economic Center Fund. Effective immediately.

Tracking Information

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Title

DCEO-VETERANS PILOT PROGRAM

Sponsors


History

DateChamberAction
2024-04-05HouseRule 19(a) / Re-referred to Rules Committee
2024-03-08HouseTo Revenue - Property Tax Subcommittee
2024-02-28HouseAssigned to Revenue & Finance Committee
2024-02-16HouseAdded Co-Sponsor Rep. Brandun Schweizer
2023-03-10HouseRule 19(a) / Re-referred to Rules Committee
2023-03-09HouseTo Revenue - Property Tax Subcommittee
2023-02-28HouseAssigned to Revenue & Finance Committee
2023-02-16HouseReferred to Rules Committee
2023-02-16HouseFirst Reading
2023-02-16HouseFiled with the Clerk by Rep. Camille Y. Lilly

Code Citations

ChapterArticleSectionCitation TypeStatute Text
20605605-1056New CodeSee Bill Text
301055.990New CodeSee Bill Text
35105-45Amended CodeCitation Text
355211Amended CodeCitation Text

Illinois State Sources


Bill Comments

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