Sen. Michael Bond
Filed: 3/23/2007
|
|||||||
| |||||||
| |||||||
1 | AMENDMENT TO SENATE BILL 1097
| ||||||
2 | AMENDMENT NO. ______. Amend Senate Bill 1097 by replacing | ||||||
3 | everything after the enacting clause.
| ||||||
4 | "Section 5. The Department of Commerce and Economic | ||||||
5 | Opportunity Law of the
Civil Administrative Code of Illinois is | ||||||
6 | amended by adding Section 605-312 as follows: | ||||||
7 | (20 ILCS 605/605-312 new) | ||||||
8 | Sec. 605-312. Advanced science and technology study. | ||||||
9 | Subject to appropriation, the Department may conduct a research | ||||||
10 | study regarding the creation of advanced science zones and | ||||||
11 | other innovative policy proposals to encourage the creation of | ||||||
12 | appropriately compensated high-skill and high-technology jobs | ||||||
13 | in Illinois. The purpose of the study is to explore ways and | ||||||
14 | means of stimulating growth, stabilization, and retention of | ||||||
15 | advanced sciences in the State by means of relaxed government | ||||||
16 | controls and tax incentives in those areas. The study shall |
| |||||||
| |||||||
1 | provide, but not be limited to, detailed information including | ||||||
2 | best practices for the creation and administration of advanced | ||||||
3 | science zones in Illinois. The research study may also include | ||||||
4 | data regarding the creation of financing programs and tax | ||||||
5 | incentives for businesses and institutions located within | ||||||
6 | Advanced Science Zones. A copy of the completed research report | ||||||
7 | shall be made available to members of the General Assembly upon | ||||||
8 | their request no later than January 31, 2008.
| ||||||
9 | Section 99. Effective date. This Act takes effect upon | ||||||
10 | becoming law.".
|