Illinois Tax Expenditure Report, Fiscal Year 2000
Since 1992, state agencies have been required by law to report to the Comptroller on the impact of tax expenditures. The Tax Expenditure Report, published annually, is an outgrowth of that statutory requirement. This report is a compilation of the information collected for fiscal year 2000. A tax expenditure is any exemption, exclusion, deduction, allowance, credit, preferential tax rate, abatement, or other device that reduces the amount of tax revenue that would otherwise accrue to the State.