Enrolled Bill Summary

Senate Bill 293 amends the Development Corporation Act of 1979 to extend the current expiration date of eligibility for a Section 4B economic development sales tax until September 1, 1999, for cities in counties of more than 1.1 million population with more than 29 incorporated municipalities and with a combined sales and use tax rate that does not exceed 7.75 percent. The act decreases the number of required incorporated municipalities from 40 to 29.