Illinois General Assembly - Bill Status for SB2885
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 Bill Status of SB2885  103rd General Assembly


Short Description:  DCEO-BUS LOCATION INCENTIVE

Senate Sponsors
Sen. Terry Link - Martin A. Sandoval - Iris Y. Martinez - Jacqueline Y. Collins, Pamela J. Althoff and James T. Meeks

House Sponsors
(Rep. Kathleen A. Ryg - Robin Kelly - Lisa M. Dugan - Linda Chapa LaVia - William Davis, Mary E. Flowers, John A. Fritchey, Karen May, Barbara Flynn Currie and Charles E. Jefferson)

Last Action
DateChamber Action
  6/30/2006SenatePublic Act . . . . . . . . . 94-0966

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Business Location Efficiency Incentive Act. Authorizes companies applying to the Department of Commerce and Economic Opportunity for certain economic development assistance tax credits to seek increased or extended tax credits if (i) the company's proposed project site is located in an area that capitalizes upon affordable workforce housing or accessible mass transit, (ii) the company submits to the Department an approved remediation plan to improve housing or access to mass transit, or (iii) the company's project is located in labor surplus areas. Provides for the Department's awarding of such incentives. Repeals the Act on December 31, 2011. Effective January 1, 2007.

Senate Committee Amendment No. 1
Authorizes (now, requires) the Department to award the incentives.

Actions 
DateChamber Action
  1/20/2006SenateFiled with Secretary by Sen. Terry Link
  1/20/2006SenateFirst Reading
  1/20/2006SenateReferred to Rules
  2/1/2006SenateAssigned to Commerce & Economic Development
  2/1/2006SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link
  2/1/2006SenateSenate Committee Amendment No. 1 Referred to Rules
  2/7/2006SenateSenate Committee Amendment No. 1 Rules Refers to Commerce & Economic Development
  2/16/2006SenateSenate Committee Amendment No. 1 Adopted
  2/16/2006SenateDo Pass as Amended Commerce & Economic Development; 010-000-000
  2/16/2006SenatePlaced on Calendar Order of 2nd Reading February 22, 2006
  2/16/2006SenateAdded as Chief Co-Sponsor Sen. Martin A. Sandoval
  2/22/2006SenateSecond Reading
  2/22/2006SenatePlaced on Calendar Order of 3rd Reading February 23, 2006
  2/27/2006SenateAdded as Co-Sponsor Sen. Pamela J. Althoff
  2/27/2006SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
  2/27/2006SenateThird Reading - Passed; 052-000-000
  2/27/2006HouseArrived in House
  2/27/2006HousePlaced on Calendar Order of First Reading
  2/27/2006HouseChief House Sponsor Rep. Kathleen A. Ryg
  2/28/2006HouseFirst Reading
  2/28/2006HouseReferred to Rules Committee
  3/8/2006HouseAssigned to International Trade & Commerce Committee
  3/15/2006HouseDo Pass / Short Debate International Trade & Commerce Committee; 016-000-000
  3/16/2006HousePlaced on Calendar 2nd Reading - Short Debate
  3/16/2006HouseAdded Alternate Chief Co-Sponsor Rep. Robin Kelly
  3/16/2006HouseAdded Alternate Chief Co-Sponsor Rep. Lisa M. Dugan
  3/16/2006HouseAdded Alternate Chief Co-Sponsor Rep. Linda Chapa LaVia
  3/16/2006HouseAdded Alternate Chief Co-Sponsor Rep. William Davis
  3/16/2006HouseAdded Alternate Co-Sponsor Rep. Mary E. Flowers
  3/28/2006HouseSecond Reading - Short Debate
  3/28/2006HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/31/2006HouseFinal Action Deadline Extended-9(b) April 7, 2006
  4/3/2006HouseAdded Alternate Co-Sponsor Rep. John A. Fritchey
  4/3/2006HouseAdded Alternate Co-Sponsor Rep. Karen May
  4/3/2006HouseAdded Alternate Co-Sponsor Rep. Barbara Flynn Currie
  4/3/2006HouseThird Reading - Short Debate - Passed 108-001-000
  4/3/2006SenatePassed Both Houses
  4/5/2006HouseAdded Alternate Co-Sponsor Rep. Charles E. Jefferson
  4/6/2006SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  4/6/2006SenateAdded as Co-Sponsor Sen. James T. Meeks
  5/2/2006SenateSent to the Governor
  6/30/2006SenateGovernor Approved
  6/30/2006SenateEffective Date January 1, 2007
  6/30/2006SenatePublic Act . . . . . . . . . 94-0966

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