Appropriates $2 from the General Revenue Fund to the Department of Transportation for its FY12 ordinary and contingent expenses. Effective July 1, 2011.
Makes appropriations for the ordinary and contingent expenses of the Department of Natural Resources for the fiscal year beginning July 1, 2012, as follows: General Revenue Fund $45,310,000; Other State Funds $156,888,104; Federal Funds $23,605,909; Total $225,804,013.
Appropriates $2 from the General Revenue Fund to the Office of the Secretary of State for its FY12 ordinary and contingent expenses. Effective July 1, 2011.
Makes appropriations for the ordinary and contingent expenses of the Procurement Policy Board for the fiscal year beginning July 1, 2011, as follows: General Funds $597,800.
Makes appropriations and reappropriations for the fiscal year beginning July 1, 2012.
Appropriates $2 from the General Revenue Fund to the Capital Development Board for its FY12 ordinary and contingent expenses. Effective July 1, 2011.
Amends the Early Intervention Services System Act. Makes a technical change in a Section concerning the short title.
Amends the Illinois Income Tax Act. Creates income tax credits for amounts invested by a taxpayer in a qualified new business venture, including investments made through an investment fund manager. Provides that the credit shall be equal to 25% of the amount invested. Provides that the credits may be carried forward for a period of 5 years. Provides that not more than $10,000,000 in angel investment credits may be issued per calendar year. Provides that the credits are exempt from the Act's automatic sunset provisions. Provides that the Department of Commerce and Economic Opportunity shall certify the qualified business ventures and investment fund managers. Sets forth certain criteria for the certification of the business venture. Effective immediately.
Makes appropriations for the ordinary and contingent expenses of the Property Tax Appeal Board for the fiscal year beginning July 1, 2011, as follows: Other State Funds $4,481,700.
Creates the Interactive Digital Media Tax Credit Act. Entitles interactive digital media companies that meet certain requirements to an income tax credit in the amount of 30% of certain expenses incurred by the applicant for an accredited production in a taxable year. Authorizes taxpayers to take the credit beginning in the taxable year in which the company has met the investment requirement. Provides for the transfer of credits. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
