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Bimp-revenue

This bill failed and is no longer moving.

IL HB 4300 · House Bill · 99th

Stage
Failed
Started in
House
Sponsor
Jack D. Franks
Latest action
Jan 10, 2017

What it does

Creates the FY2016 and FY2017 Budget Implementation (Revenue) Act. Creates the Illinois Business and Economic Development Corporation Act. Authorizes the Department of Commerce and Economic Opportunity to incorporate the Illinois Business and Economic Development Corporation as a not-for-profit corporation. Creates the Health Insurance Claims Assessment Act. Imposes an assessment of 1% on claims paid by a health insurance carrier or third-party administrator. Provides that the moneys received and collected under the Act shall be deposited into the Healthcare Provider Relief Fund. Repeals the New Markets Development Program Act on July 1, 2016. Amends the Illinois Income Tax Act. Makes…

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Where it stands

This bill failed and is no longer moving.

Failed

This bill failed and is no longer moving.

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Sponsors

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BIMP-REVENUE | 52