IL SB3688 | 2011-2012 | 97th General Assembly
Status
January 8 2013 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]
Text: Latest bill text (Engrossed) [HTML]
Summary
Amends the Illinois Enterprise Zone Act. Provides that an area is qualified to become an enterprise zone if it comprises not more than 18 square miles (now, 12 square miles). Provides that an enterprise zone shall be in effect for 55 years (now, 30 years). Authorizes the Department of Commerce and Economic Opportunity to certify an additional 10 enterprise zones between January 1, 2013 and December 31, 2022. Requires each Zone Administrator to post a copy of the enterprise zone boundaries on its website and to collect and aggregate certain information. Amends the Corporate Accountability for Tax Expenditures Act. Changes the definitions of "full-time, permanent job" and "retained employee". Amends the Illinois Income Tax Act. Eliminates the job tax credit for a taxpayer conducting business operations in an enterprise zone. Eliminates the deduction for dividends that were paid by a corporation which conducts business operations in an enterprise zone. Eliminates the deduction for interest income from a loan or loans secured by property which is eligible for the Enterprise Zone Investment Credit. Effective immediately.
Title
ENTERPRISE ZONE-EXTENSION
Sponsors
Roll Calls
2012-04-26 - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-08 | Senate | Session Sine Die |
| 2012-05-09 | House | Motion Discharge Committee Lost |
| 2012-05-09 | House | Chair Rules Motion Out of Order |
| 2012-05-09 | House | Appeal Ruling of Chair Rep. Dennis M. Reboletti |
| 2012-05-09 | House | Chair Rules Motion Out of Order |
| 2012-05-09 | House | Motion Filed to Discharge Rules Committee Rep. Dennis M. Reboletti |
| 2012-05-02 | House | Added Alternate Co-Sponsor Rep. Rich Brauer |
| 2012-05-01 | House | Added Alternate Co-Sponsor Rep. Jim Sacia |
| 2012-05-01 | House | Added Alternate Co-Sponsor Rep. Wayne Rosenthal |
| 2012-05-01 | House | Added Alternate Co-Sponsor Rep. Jason Barickman |
| 2012-05-01 | House | Added Alternate Co-Sponsor Rep. Donald L. Moffitt |
| 2012-05-01 | House | Added Alternate Co-Sponsor Rep. Brad E. Halbrook |
| 2012-05-01 | House | Added Alternate Co-Sponsor Rep. Dwight Kay |
| 2012-05-01 | House | Added Alternate Co-Sponsor Rep. Norine Hammond |
| 2012-05-01 | House | Added Alternate Co-Sponsor Rep. Chad Hays |
| 2012-04-30 | House | Added Alternate Co-Sponsor Rep. Jim Watson |
| 2012-04-30 | House | Added Alternate Co-Sponsor Rep. Robert W. Pritchard |
| 2012-04-27 | House | Added Alternate Co-Sponsor Rep. Jil Tracy |
| 2012-04-27 | House | Added Alternate Co-Sponsor Rep. Paul Evans |
| 2012-04-27 | House | Added Alternate Co-Sponsor Rep. Joe Sosnowski |
| 2012-04-27 | House | Added Alternate Co-Sponsor Rep. Pam Roth |
| 2012-04-27 | House | Added Alternate Co-Sponsor Rep. Bill Mitchell |
| 2012-04-27 | House | Added Alternate Chief Co-Sponsor Rep. Michael Unes |
| 2012-04-27 | House | Added Alternate Chief Co-Sponsor Rep. Richard Morthland |
| 2012-04-27 | House | Added Alternate Chief Co-Sponsor Rep. John D. Cavaletto |
| 2012-04-27 | House | Added Alternate Chief Co-Sponsor Rep. Adam Brown |
| 2012-04-26 | House | Referred to Rules Committee |
| 2012-04-26 | House | First Reading |
| 2012-04-26 | House | Placed on Calendar Order of First Reading |
| 2012-04-26 | House | Chief House Sponsor Rep. Ed Sullivan, Jr. |
| 2012-04-26 | House | Arrived in House |
| 2012-04-26 | Senate | Third Reading - Passed; 055-000-000 |
| 2012-04-25 | Senate | Placed on Calendar Order of 3rd Reading April 26, 2012 |
| 2012-04-25 | Senate | Second Reading |
| 2012-04-19 | Senate | Placed on Calendar Order of 2nd Reading April 24, 2012 |
| 2012-04-19 | Senate | Do Pass Enterprise Zone Extensions; 006-000-000 |
| 2012-04-17 | Senate | Added as Co-Sponsor Sen. Gary Forby |
| 2012-03-30 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As April 26, 2012 |
| 2012-03-28 | Senate | Added as Co-Sponsor Sen. Mattie Hunter |
| 2012-03-26 | Senate | Added as Co-Sponsor Sen. Mike Jacobs |
| 2012-03-21 | Senate | Added as Co-Sponsor Sen. Pat McGuire |
| 2012-03-21 | Senate | Re-assigned to Enterprise Zone Extensions |
| 2012-03-21 | Senate | Re-referred to Assignments |
| 2012-03-09 | Senate | Rule 2-10 Committee Deadline Established As March 30, 2012 |
| 2012-03-08 | Senate | Assigned to Local Government |
| 2012-02-28 | Senate | Added as Co-Sponsor Sen. Linda Holmes |
| 2012-02-27 | Senate | Added as Co-Sponsor Sen. Shane Cultra |
| 2012-02-21 | Senate | Added as Co-Sponsor Sen. Dave Syverson |
| 2012-02-15 | Senate | Added as Co-Sponsor Sen. Kyle McCarter |
| 2012-02-10 | Senate | Referred to Assignments |
| 2012-02-10 | Senate | First Reading |
| 2012-02-10 | Senate | Chief Co-Sponsor Sen. David Koehler |
| 2012-02-10 | Senate | Chief Co-Sponsor Sen. Sue Rezin |
| 2012-02-10 | Senate | Chief Co-Sponsor Sen. Toi W. Hutchinson |
| 2012-02-10 | Senate | Chief Co-Sponsor Sen. Pamela J. Althoff |
| 2012-02-10 | Senate | Filed with Secretary by Sen. Michael W. Frerichs |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 20 | 655 | 4 | Amended Code | Citation Text |
| 20 | 655 | 5.2 | Amended Code | Citation Text |
| 20 | 655 | 5.3 | Amended Code | Citation Text |
| 20 | 655 | 6 | Amended Code | Citation Text |
| 20 | 655 | 8.1 | New Code | See Bill Text |
| 20 | 715 | 5 | Amended Code | Citation Text |
| 35 | 5 | 201 | Amended Code | Citation Text |
| 35 | 5 | 203 | Amended Code | Citation Text |
