Illinois Corporate Accountability

As of January 1, 2004, the Department of Commerce and Economic Opportunity was required to comply with Public Act 93-552, the Corporate Accountability for Tax Expenditures Act, which was signed into law on August 20, 2003. PA 93-552 requires any recipient that receives economic development assistance from a state granting body, as defined by the Act, to report annually on the progress of the employment commitments for the project.