§ 5-75 — Evaluation of tax credit program

Illinois § 5-75

• Jurisdiction: Illinois
• Topic: GOVERNMENT
• Ch. 35: REVENUE
• Act 35 ILCS 10/: Economic Development for a Growing Economy Tax Credit Act.
• Art.: Article 5 - Economic Development for a Growing Economy Tax Credit Act

Text

On a biennial basis, the Department shall evaluate the tax credit program. The evaluation shall include an assessment of the effectiveness of the program in creating new jobs in Illinois and of the revenue impact of the program, and may include a review of the practices and experiences of other states with similar programs. The Director shall submit a report on the evaluation to the Governor and the General Assembly after June 30 and before November 1 in each odd-numbered year.

Legislative History

(Source: P.A. 91-476, eff. 8-11-99.)