103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1143 Introduced , by Rep. Charles Meier SYNOPSIS AS INTRODUCED: 35 ILCS 450/2-75 Amends the Illinois Hydraulic Fracturing Tax Act. Provides that moneys received under the Act shall be paid into the State Pensions Fund and shall be used only for the funding of the unfunded liabilities of the designated State-funded retirement systems. Effective immediately. LRB103 04893 HLH 49903 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1143 Introduced , by Rep. Charles Meier SYNOPSIS AS INTRODUCED: 35 ILCS 450/2-75 35 ILCS 450/2-75 Amends the Illinois Hydraulic Fracturing Tax Act. Provides that moneys received under the Act shall be paid into the State Pensions Fund and shall be used only for the funding of the unfunded liabilities of the designated State-funded retirement systems. Effective immediately. LRB103 04893 HLH 49903 b LRB103 04893 HLH 49903 b A BILL FOR
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1143 Introduced , by Rep. Charles Meier SYNOPSIS AS INTRODUCED:
35 ILCS 450/2-75 35 ILCS 450/2-75
35 ILCS 450/2-75
Amends the Illinois Hydraulic Fracturing Tax Act. Provides that moneys received under the Act shall be paid into the State Pensions Fund and shall be used only for the funding of the unfunded liabilities of the designated State-funded retirement systems. Effective immediately.
LRB103 04893 HLH 49903 b LRB103 04893 HLH 49903 b
LRB103 04893 HLH 49903 b
A BILL FOR
HB1143LRB103 04893 HLH 49903 b HB1143 LRB103 04893 HLH 49903 b
HB1143 LRB103 04893 HLH 49903 b
1 AN ACT concerning revenue.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Hydraulic Fracturing Tax Act is
5 amended by changing Section 2-75 as follows:
6 (35 ILCS 450/2-75)
7 Sec. 2-75. Distribution of proceeds. All moneys received
8 by the Department under this Act shall be paid into the State
9 Pensions General Revenue Fund and shall be used only for the
10 funding of the unfunded liabilities of the designated
11 retirement systems, as defined in Section 8.12 of the State
12 Finance Act in the State treasury.
13 (Source: P.A. 98-22, eff. 6-17-13.)
14 Section 99. Effective date. This Act takes effect upon
15 becoming law.
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1143 Introduced , by Rep. Charles Meier SYNOPSIS AS INTRODUCED:
35 ILCS 450/2-75 35 ILCS 450/2-75
35 ILCS 450/2-75
Amends the Illinois Hydraulic Fracturing Tax Act. Provides that moneys received under the Act shall be paid into the State Pensions Fund and shall be used only for the funding of the unfunded liabilities of the designated State-funded retirement systems. Effective immediately.
LRB103 04893 HLH 49903 b LRB103 04893 HLH 49903 b
LRB103 04893 HLH 49903 b
A BILL FOR
35 ILCS 450/2-75
LRB103 04893 HLH 49903 b
HB1143 LRB103 04893 HLH 49903 b