Bill Title: Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that an employee of the Taxpayer who was previously employed in Illinois by the Taxpayer and whose employment was shifted to the project after the Taxpayer entered into the Agreement is not considered a new employee for purposes of the Act. Provides that the Department of Commerce and Economic Opportunity shall not enter into any new EDGE Agreements after December 31, 2021 (currently, April 30, 2017). Removes a requirement that the Department of Commerce and Economic Opportunity shall consider the magnitude of the cost differential between Illinois and the competing state when awarding credits. Makes changes concerning eligibility for the credit. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB3640 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Ryan Spain [R]	Primary	Sponsored Bills	HD-073	FollowTheMoney	Ballotpedia	VoteSmart

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