Illinois Compiled Statutes
35 ILCS 10/5-3 (2026)
Purpose
✓ current as of May 2026
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(35 ILCS 10/5-3)
Sec. 5-3.
Purpose.
The General Assembly finds that the Illinois economy,
although currently strong, is
still highly vulnerable to other states and nations that have major financial
incentive programs for medium-sized and large firm relocations. Because of the
incentive programs of these
competitor locations, Illinois
must move aggressively with new business development investment tools so that
Illinois is more
competitive in site location decision-making. The State must not only continue
to work with firms to help
them locate their new plants and facilities in Illinois but also must provide
competitive investment location
tax credits in support of the location and expansion of medium-sized and large
operations of commerce
and industry. In an increasingly global economy, Illinois' long-term
development would benefit from
rational, strategic use of State resources in support of business development
and growth.
(Source: P.A. 91-476, eff. 8-11-99.)
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2021–2021 · leading case: Kane v. Option Care Enter., Inc., 2021 IL App (1st) 200666 (Ill. App. Ct. 2021).
Kane v. Option Care Enter., Inc., 2021 IL App (1st) 200666 (Ill. App. Ct. 2021). “35 ILCS 10/5-3 (West 2014) (purpose of the statute).”
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