IL SB3693

Amends the Commission on Government Forecasting and Accountability Act to add a new duty requiring review of the effectiveness of nine tax incentive programs: Data Center Investment Program, Enterprise Zone Program, Economic Development for a Growing Economy Tax Credit, Angel Investment Tax Credit, High Impact Business Program, Apprenticeship Education Expense Tax Credit, Historic Preservation Tax Credit, River Edge Redevelopment Zones, and tax increment financing.

Commission must submit a report to the Governor and General Assembly by December 31, 2020 detailing findings on these tax incentive programs.

If the Commission recommends any substantive changes to any of these programs, it must cause substantive legislation to be drafted by the Legislative Reference Bureau within 60 days after filing the report, or as soon thereafter as practicable.

Takes effect immediately upon becoming law.