Bill > HB5470

This bill makes several changes to Illinois law, primarily affecting economic development programs and tax credits. It removes provisions that would have extended a home rule preemption related to taxes or fees on electricity generation, and it also removes the extensions for several income tax credits: the research and development credit, the angel investment credit, the apprenticeship education expense credit, and the River Edge Redevelopment Zone credit. Additionally, the bill adjusts reporting deadlines for various programs and councils, such as the Department of Commerce and Economic Opportunity's economic development plan, the Clean Water Workforce Pipeline Program, and the Weatherization Initiative Board, moving some reporting dates to January 31st. It also repeals the Opportunities for At-Risk Women Act and makes changes to the structure of the Southeastern Illinois Economic Development Authority by reducing the number of public members and adding an ex officio member. Finally, the bill modifies the Music and Musicians Tax Credit and Jobs Act to align with calendar year reporting and eligibility, and it adjusts reporting deadlines for the Cannabis Regulation and Tax Act's loan and grant programs.