SB3702 - Illinois

Business, Parks, Tax, Veterans  


    Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Authorizes the Department of Commerce and Economic Opportunity to establish a business ownership grant and loan program for unemployed individuals. Specifies the purposes for which grant funds may be used. Effective January 1, 2011.

    House Committee Amendment No. 1
    Deletes reference to:
    20 ILCS 605/605-418
    Adds reference to:
    30 ILCS 105/5.777 new
    30 ILCS 105/5.778 new
    30 ILCS 105/5.779 new
    30 ILCS 105/6z-76 new
    30 ILCS 105/6z-82 new
    30 ILCS 105/6z-83 new
    35 ILCS 5/507UU new
    35 ILCS 5/507VV new
    35 ILCS 5/507WW new
    35 ILCS 5/507XX new

    Replaces everything after the enacting clause. Amends the Illinois Income Tax Act to create the following tax checkoffs: the Illinois Route 66 checkoff, the Habitat for Humanity Fund checkoff, the State parks checkoff, and the disabled veterans property tax relief checkoff. Amends the State Finance Act to create the associated funds. Effective immediately.

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