Illinois General Assembly - Bill Status for SB2542

Illinois General Assembly - Bill Status for SB2542

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Bill Status of SB2542 100th General Assembly

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Short Description: LOGOV-ENTERPRISE ZN-DISCLOSE

Senate Sponsors
Sen. Patrick Welch - Jacqueline Y. Collins and Mattie Hunter

House Sponsors
(Rep. Robert Rita)

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

20 ILCS 655/11.5 new

50 ILCS 105/3.1

from Ch. 102, par. 3.1

Synopsis As Introduced
Amends the Illinois Enterprise Zone Act. Requires the owners of all businesses that want to locate in an enterprise zone to disclose all of their landholdings within the enterprise zone. Provides that refusal to make the disclosure rescinds all enterprise zone tax incentives provided to the business. Amends the Public Officer Prohibited Activities Act. Requires disclosure of the identity of any member, shareholder, limited partner, or general partner entitled to receive any percentage (now, more than 7.5%) of the total distributable income of any limited liability company, corporation, or limited partnership having any interest in real property that is the subject of a contract by and between the State or any unit of local government or any State or local government agency. Provides that, if the interest, stock, or shares in a limited liability company, corporation, or general partnership is publicly traded and there is no readily known individual having any interest (now, greater than a 7.5% interest), then a statement to that effect will fulfill the disclosure statement requirement. Effective immediately.

Actions

Date	Chamber	Action
2/3/2004	Senate	Filed with Secretary by Sen. Patrick Welch
2/3/2004	Senate	First Reading
2/3/2004	Senate	Referred to Rules
2/18/2004	Senate	Assigned to Revenue
2/26/2004	Senate	Do Pass Revenue; 010-000-000
2/26/2004	Senate	Placed on Calendar Order of 2nd Reading March 2, 2004
3/24/2004	Senate	Second Reading
3/24/2004	Senate	Placed on Calendar Order of 3rd Reading March 25, 2004
3/25/2004	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
3/25/2004	Senate	Added as Co-Sponsor Sen. Mattie Hunter
3/25/2004	Senate	Third Reading - Passed; 055-000-000
3/26/2004	House	Arrived in House
3/26/2004	House	Placed on Calendar Order of First Reading
3/30/2004	House	Chief House Sponsor Rep. Robert Rita
3/30/2004	House	First Reading
3/30/2004	House	Referred to Rules Committee
1/11/2005	Senate	Session Sine Die