HB 5729

  • Illinois House Bill
  • 100th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Community Benefits

Abstract

Amends the Illinois Income Tax Act. Provides that taxpayers that receive a deduction or a credit related to the construction or modification of commercial property located in a municipality of the State shall enter into a community benefits agreement with the municipality in which the property is located. Provides that the taxpayer shall host a public forum prior to entering into the agreement. Provides that the provisions apply to the construction or modification of property commencing on or after January 1, 2019. Effective immediately.

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Jan 08, 2019

House

Session Sine Die

Feb 16, 2018

House

Filed with the Clerk by Rep. Michael Halpin

House

First Reading

House

Referred to Rules Committee

Bill Text

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