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IL HB2493

Bill

Official Source

Status

Introduced

2/17/2021

Primary Sponsor

Charles Meier

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Amends the Illinois Hydraulic Fracturing Tax Act Section 2-75 regarding distribution of proceeds
  • Directs all moneys received under the Act to be paid into the General Revenue Fund and used exclusively for payment of Illinois state pension obligations
  • Becomes effective immediately upon enactment
  • Introduced by Rep. Charles Meier in the 102nd General Assembly (2021-2022)

Legislative Description

FRACTURING TAX-PROCEEDS

Last Action

Rule 19(a) / Re-referred to Rules Committee

3/27/2021

Committee Referrals

Rules3/27/2021
Sales, Amusement & Other Taxes3/18/2021
Revenue & Finance3/9/2021
Rules2/19/2021

Full Bill Text

No bill text available