Bill Text: IL HB4152 | 2023-2024 | 103rd General Assembly | Introduced
Bill Title: Amends the Invest in Illinois Act. Provides that certain notices under the Act shall also be sent to the Minority Leader of the Senate and the Minority Leader of the House of Representatives. Provides that the Minority Leader of the Senate and the Minority Leader of the House of Representatives may also object to agreements under the Act. Effective immediately.
Spectrum: Partisan Bill (Republican 11-0)
Status: (Introduced) 2023-10-18 - Referred to Rules Committee [HB4152 Detail]
Download: Illinois-2023-HB4152-Introduced.html
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1 | AN ACT concerning State government.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Invest in Illinois Act is amended by | |||||||||||||||||||||
5 | changing Sections 30 and 32 as follows:
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6 | (30 ILCS 751/30) | |||||||||||||||||||||
7 | Sec. 30. Agreement. | |||||||||||||||||||||
8 | (a) Upon approval of an application under this Act, the | |||||||||||||||||||||
9 | Department shall enter into an agreement with the applicant | |||||||||||||||||||||
10 | that shall include, at a minimum, the following: | |||||||||||||||||||||
11 | (1) a detailed description of the project that is the | |||||||||||||||||||||
12 | subject of the agreement, as well as the performance | |||||||||||||||||||||
13 | conditions, including the required amount of capital | |||||||||||||||||||||
14 | investment and the number of jobs required to be created | |||||||||||||||||||||
15 | or retained; | |||||||||||||||||||||
16 | (2) the performance conditions that must be met to | |||||||||||||||||||||
17 | obtain the award, including, but not limited to, the | |||||||||||||||||||||
18 | number of new jobs created, the average salary, and the | |||||||||||||||||||||
19 | total capital investment; | |||||||||||||||||||||
20 | (3) the schedule of payments; | |||||||||||||||||||||
21 | (4) a requirement that the applicant maintain | |||||||||||||||||||||
22 | operations at the project location for a minimum number of | |||||||||||||||||||||
23 | years; |
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1 | (5) a specific method for determining the number of | ||||||
2 | new employees and, if applicable, the number of retained | ||||||
3 | employees, to be employed during each taxable year covered | ||||||
4 | by the agreement; | ||||||
5 | (6) a requirement that the taxpayer annually report to | ||||||
6 | the Department the number of new employees and any other | ||||||
7 | information the Department deems necessary and appropriate | ||||||
8 | to perform its duties under this Act; | ||||||
9 | (7) a detailed description of the number of new | ||||||
10 | employees to be hired and the occupation and payroll of | ||||||
11 | full-time jobs to be created or retained because of the | ||||||
12 | project; | ||||||
13 | (8) the minimum capital investment the taxpayer will | ||||||
14 | make, the time period for placing the property in service, | ||||||
15 | and the designated location in Illinois for the capital | ||||||
16 | investment; | ||||||
17 | (9) a requirement that the taxpayer provide written | ||||||
18 | notice to the Director and the Director's designee not | ||||||
19 | more than 30 days after the taxpayer determines that the | ||||||
20 | minimum job creation, job retention, employment payroll, | ||||||
21 | or capital investment is no longer or will no longer be | ||||||
22 | achieved or maintained as required in the agreement and | ||||||
23 | include in that notice the number of layoffs, the date of | ||||||
24 | the layoffs, and the taxpayer's efforts to provide career | ||||||
25 | and training counseling to the impacted workers with | ||||||
26 | industry-related certifications and trainings; |
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1 | (10) a claw-back provision to recapture incentive | ||||||
2 | amounts for failure to meet the provisions contained in | ||||||
3 | the agreement; and | ||||||
4 | (11) a provision that the agreement shall not take | ||||||
5 | effect, nor may any funds be expended or transferred under | ||||||
6 | the agreement, if the Department fails to comply with the | ||||||
7 | notification requirements under Section 32 or if the | ||||||
8 | Speaker of the House of Representatives , or the Senate | ||||||
9 | President , the Minority Leader of the Senate, or the | ||||||
10 | Minority Leader of the House of Representatives (or their | ||||||
11 | designees, if applicable) submit a letter of rejection | ||||||
12 | under Section 32. | ||||||
13 | (b) Subject to the provisions of Section 32, the | ||||||
14 | Department may issue the incentive to the applicant within the | ||||||
15 | time period the Department deems appropriate in order to | ||||||
16 | ensure that the applicant achieves the performance conditions | ||||||
17 | set forth in the agreement. | ||||||
18 | (Source: P.A. 102-1125, eff. 2-3-23.)
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19 | (30 ILCS 751/32) | ||||||
20 | Sec. 32. General Assembly notification. The Department | ||||||
21 | shall notify the President of the Senate, or his or her | ||||||
22 | designee, and the Speaker of the House of Representatives, or | ||||||
23 | his or her designee, the Minority Leader of the Senate, or his | ||||||
24 | or her designee, and the Minority Leader of the House of | ||||||
25 | Representatives, or his or her designee, when awards for the |
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1 | purposes of this Act are nearing final negotiation with an | ||||||
2 | applicant. The notification shall include the prospective | ||||||
3 | amount of the award and other relevant information related to | ||||||
4 | the application. The President of the Senate , and the Speaker | ||||||
5 | of the House, the Minority Leader of the Senate, and the | ||||||
6 | Minority of Leader of the House, or their designees, if | ||||||
7 | applicable, shall certify that they have been notified of the | ||||||
8 | planned awards and that they do not object. If there is no | ||||||
9 | objection certified from the President of the Senate , and the | ||||||
10 | Speaker of the House, the Minority Leader of the Senate, or the | ||||||
11 | Minority Leader of the House, the Department may enter into an | ||||||
12 | agreement under this Act for the award amount contained in the | ||||||
13 | notification. If the Department enters into an agreement under | ||||||
14 | this Act for an award in an amount that is different than the | ||||||
15 | amount contained in the notification, it shall deliver a copy | ||||||
16 | of the agreement to both the Speaker of the House of | ||||||
17 | Representatives, or his or her designee, and the Senate | ||||||
18 | President, or his or her designee, the Minority Leader of the | ||||||
19 | Senate, or his or her designee, and the Minority Leader of the | ||||||
20 | House of Representatives, or his or her designee, within 2 | ||||||
21 | days after the agreement is executed. Notwithstanding any | ||||||
22 | other provision of this Act, an agreement entered into under | ||||||
23 | this Act shall not take effect, nor may any funds be expended | ||||||
24 | or transferred under that agreement, if the Speaker of the | ||||||
25 | House of Representatives , and the Senate President, the | ||||||
26 | Minority Leader of the Senate, or the Minority Leader of the |
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1 | House of Representatives, or their designees, if applicable, | ||||||
2 | submit a letter to the Department noting an objection to the | ||||||
3 | agreement in writing within 2 days after the notification is | ||||||
4 | delivered to the Speaker of the House of Representatives , and | ||||||
5 | the Senate President, the Minority Leader of the Senate, and | ||||||
6 | the Minority Leader of the House of Representatives, or their | ||||||
7 | designees, if applicable. | ||||||
8 | (Source: P.A. 102-1125, eff. 2-3-23.)
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