Illinois General Assembly - Bill Status for SB1578
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 Bill Status of SB1578  101st General Assembly


Short Description:  ADVANCE SCIENCE ZONES

Senate Sponsors
Sen. Michael Bond - Martin A. Sandoval and Mike Jacobs

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/203from Ch. 120, par. 2-203
35 ILCS 5/218 new


Synopsis As Introduced
Creates the Advance Science Zones Act. Sets forth procedures for the Department of Commerce and Economic Opportunity to certify areas in the State as Advanced Science Zones. Sets forth procedures for the administration of the Zones. Requires the Department to establish several programs with respect to the Zones including a loan program, a financial-assistance program, a transferable investment tax credit, and a tax-deduction certification. Contains other provisions. Amends the Illinois Income Tax Act to make corresponding changes concerning the tax credits and deductions. Effective immediately.

Senate Committee Amendment No. 1
Makes a technical correction.

Senate Committee Amendment No. 2
In the Advance Science Zones Act, deletes a provision concerning the State Treasurer's investment of moneys in the Advanced Sciences Zone Loan Fund.

Actions 
DateChamber Action
  2/9/2007SenateFiled with Secretary by Sen. Michael Bond
  2/9/2007SenateFirst Reading
  2/9/2007SenateReferred to Rules
  2/21/2007SenateAssigned to Commerce and Economic Development
  2/28/2007SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Michael Bond
  2/28/2007SenateSenate Committee Amendment No. 1 Referred to Rules
  3/2/2007SenatePostponed - Commerce and Economic Development
  3/2/2007SenateAdded as Chief Co-Sponsor Sen. Martin A. Sandoval
  3/7/2007SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Michael Bond
  3/7/2007SenateSenate Committee Amendment No. 2 Referred to Rules
  3/7/2007SenateSenate Committee Amendment No. 1 Rules Refers to Commerce and Economic Development
  3/7/2007SenateSenate Committee Amendment No. 2 Rules Refers to Commerce and Economic Development
  3/8/2007SenatePostponed - Commerce and Economic Development
  3/15/2007SenateSenate Committee Amendment No. 1 Adopted
  3/15/2007SenateSenate Committee Amendment No. 2 Adopted
  3/15/2007SenateDo Pass as Amended Commerce and Economic Development; 009-000-000
  3/15/2007SenatePlaced on Calendar Order of 2nd Reading March 20, 2007
  3/29/2007SenateAdded as Co-Sponsor Sen. Mike Jacobs
  12/3/2007SenatePursuant to Senate Rule 3-9(b) / Referred to Rules
  1/13/2009SenateSession Sine Die

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