Bill Title: Creates the Brownfields Redevelopment and Intermodal Promotion Act. Provides that the incremental income tax attributable to a new employee of an individual, partnership, corporation, or other entity that is employed within the South Suburban Intermodal Redevelopment Zone shall be deposited into the South Suburban Intermodal Redevelopment Zone Fund. Sets forth the boundaries of the South Suburban Intermodal Redevelopment Zone. Provides that moneys in the South Suburban Intermodal Redevelopment Zone Fund shall be used to fund eligible projects within the South Suburban Intermodal Redevelopment Zone. Sets forth limits on expenditures from the South Suburban Intermodal Redevelopment Zone Fund. Contains other provisions. Amends the State Finance Act to create the South Suburban Intermodal Redevelopment Zone Fund as a special fund. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB1606 Detail]

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Bill Drafts

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Introduced	Not Avail	HTML/Text	Link	View

Amendments

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No bill amendments currently on file for Illinois HB1606

Supplemental Documents

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No supplemental documents for Illinois HB1606 currently on file.

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