Loading chat...

IL SB2206

Bill

Status

Failed

1/13/2015

Primary Sponsor

William Delgado

Click for details

Origin

Senate

98th General Assembly

AI Summary

  • Amends the Economic Development for a Growing Economy (EDGE) Tax Credit Act to require any taxpayer receiving an EDGE credit to post a sign in a conspicuous place at their business or on their website stating "Thank You Illinois Taxpayers for subsidizing our business" for the entire term of their agreement with the Department.

  • Amends the Illinois Municipal Code to require any business receiving distributions from a special tax allocation fund (TIF fund) or proceeds from obligations secured by such a fund to post a similar sign stating "Thank You Taxpayers for subsidizing our business" continuously for one year after receiving the funds.

  • Applies to both physical signage at business locations and digital signage on websites.

  • Takes effect immediately upon becoming law.

Legislative Description

EDGE-TIF-BUSINESSES POST SIGN

Last Action

Session Sine Die

1/13/2015

Committee Referrals

Assignments3/22/2013
Revenue3/5/2013
Assignments2/15/2013

Full Bill Text

No bill text available