The implications of SB1097 on state laws are relatively minor given its technical nature. By amending the short title of the Historic Preservation Tax Credit Act, the bill may streamline communications regarding this law, making it easier for stakeholders, including local governments and historical preservation groups, to understand its provisions. While the direct financial impacts of this bill on state revenue are not discussed in the text, it is inferred that any enhancements to clarity can positively influence the administration of tax credits related to historic preservation efforts across the state.
Summary
SB1097 is a legislative proposal aimed at amending the Historic Preservation Tax Credit Act in the state of Illinois. The primary focus of this bill is to implement a technical change concerning the short title of the Act. This amendment does not make substantial changes to the existing provisions of the Act but seeks to clarify the language used in the law. Such technical amendments are often undertaken to ensure that legal texts are accurate and up-to-date, reflecting the intent of previous legislative efforts more clearly.
Contention
Given that SB1097 primarily focuses on a technical amendment, there may be little room for contention within legislative discussions. However, it is common for any changes to tax-related legislation to be scrutinized. Concerns may arise regarding the implications of such amendments on broader historical preservation initiatives and their funding. Stakeholders in the preservation community may be particularly invested in ensuring that any changes align with their interests and the efficient allocation of state resources towards maintaining historical sites.