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IL SB2206
Bill
Status
1/13/2015
Primary Sponsor
William Delgado
Click for details
AI Summary
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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.
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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.
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Applies to both physical signage at business locations and digital signage on websites.
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Takes effect immediately upon becoming law.
Legislative Description
EDGE-TIF-BUSINESSES POST SIGN
Last Action
Session Sine Die
1/13/2015