Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that provisions requiring the Department of Commerce and Economic Opportunity's official website to contain a comprehensive list of State, local, and federal economic benefits available to businesses in each of the State's counties and municipalities are repealed on July 1, 2026. Provides that the following reports shall be filed on or before January 31 of each year (instead of January 1): a report on entrepreneurial assistance centers; reports on the Enterprise Zone Loan Fund and the Large Business Attraction Fund; and reports concerning cannabis social equity. Amends the Southeastern Illinois Economic Development Authority Act. Makes changes concerning the membership of the Board of the Southeastern Illinois Economic Development Authority. Amends the Illinois Income Tax Act. Extends the sunset for the apprenticeship education expense tax credit, the research and development tax credit, the angel investment tax credit, and the River Edge Redevelopment Zone tax credit. Effective immediately.
Statutes affected: Introduced: 20 ILCS 605/605, 20 ILCS 605/46, 20 ILCS 655/12, 20 ILCS 3855/1, 20 ILCS 5075/15, 30 ILCS 738/40, 30 ILCS 750/9, 30 ILCS 750/10, 35 ILCS 5/201, 35 ILCS 5/220, 35 ILCS 5/221, 35 ILCS 5/231, 70 ILCS 518/20, 220 ILCS 80/20, 305 ILCS 20/5, 410 ILCS 705/7