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IL HB2986

Bill

Official Source

Status

Introduced

2/18/2021

Primary Sponsor

Camille Lilly

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Amends the Department of Commerce and Economic Opportunity Law to authorize capacity building grants for eligible municipalities, subject to appropriation.
  • Grants target municipalities whose equalized assessed value, total State sales tax disbursements, or both combined decreased at least 30% over the 10 years preceding grant issuance, adjusted for inflation.
  • Department of Commerce and Economic Opportunity must consult with the Department of Revenue in creating and awarding grants.
  • Department shall adopt rules to implement and administer the grant program.

Legislative Description

DCEO-CAPACITY BUILDING GRANTS

Last Action

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

2/18/2022

Committee Referrals

Rules2/18/2022
Income Tax2/15/2022
Revenue & Finance2/9/2022
Rules3/27/2021
Income Tax3/18/2021
Revenue & Finance3/9/2021
Rules2/19/2021

Full Bill Text

No bill text available