FY25 BUDGET IMPLEMENTATION ACT

Session: 103rd General Assembly
Year: 2024
Bill #: HB4959
Category: Revenue
Position: No position
Mandate?
Revenue Loss?
Authority Preemption?

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Summary as Introduced

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates the Creative Economy Task Force within the Department of Commerce and Economic Opportunity to create a strategic plan to improve the creative economy in the State. Provides that, within 2 years after the effective date of the amendatory Act, the task force shall collect and analyze data on the current state of the creative economy in the State and develop a strategic plan to improve the State's creative economy that can be rolled out in incremental phases to reach identified economic, social justice, and business development goals. Provides that the goal of the strategic plan shall be to ensure that the State is competitive with respect to attracting creative economy business, retaining talent within the State, and developing marketable content that can be exported for national and international consumption and monetization. Specifies requirements of the strategic plan. Provides that the task force shall submit its findings and recommendations to the General Assembly no later than December 31, 2027. Sets forth provisions concerning task force membership; compensation; and administrative support. Repeals the provision on July 1, 2028.

Staff Analysis

Creates the Fiscal Year 2025 Budget Implementation Act. Adds, deletes, and makes changes to various statutory provisions as needed to implement the State budget for Fiscal Year 2025. Effective immediately, except some provisions take effect July 1, 2024 and some provisions take effect January 1, 2025.



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