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IL HB2054
Bill
Status
Introduced
2/4/2019
Primary Sponsor
Charles Meier
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AI Summary
HB2054 Summary
- Amends Section 2-75 of the Illinois Hydraulic Fracturing Tax Act to restrict use of revenues collected under the Act
- Requires all moneys received by the Department under the Act to be deposited into the General Revenue Fund and used exclusively for payment of state pension obligations
- Takes effect immediately upon becoming law
Legislative Description
FRACTURING TAX-PROCEEDS
Last Action
Rule 19(a) / Re-referred to Rules Committee
3/29/2019
Committee Referrals
Rules3/29/2019
Sales, Amusement & Other Taxes2/28/2019
Revenue & Finance2/19/2019
Rules2/4/2019
Full Bill Text
No bill text available