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IL HB4117

IL HB4117
FRACTURING TAX-PROCEEDS


summary

Introduced
01/16/2020
In Committee
01/16/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

101st General Assembly

Bill Summary

Amends the Illinois Hydraulic Fracturing Tax Act. Provides that moneys received under the Act shall be used only for the payment of pension obligations of the State of Illinois. Effective immediately.

AI Summary

This bill amends the Illinois Hydraulic Fracturing Tax Act to specify that all moneys received under the Act shall be used only for the payment of pension obligations of the State of Illinois, effective immediately.

Sponsors (2)

Last Action

Added Chief Co-Sponsor Rep. Darren Bailey (on 02/04/2020)

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