"Illinois Senator Brian Stewart (R) introduced Senate Bill 3119, legislation that would impose a 10% excise tax on the book value of assets or liabilities, whichever is greater, of a bank that has been purchased by a credit union...If SB 3119 is enacted and the tax raises no revenue because credit unions decline to acquire banks as a result, proponents of the tax will have achieved their goal."
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
What’s missing in a lot of proposed legislation is a careful analysis of ‘what happens when this law is enacted.’
What disincentives does the bill provide that would effectively negate the purpose of the bill?
So often I read of pending bills and wonder ‘What are they thinking?’ Silly me! I assume they are thinking.