Bill Status of HB 5346   96th General Assembly


Short Description:  RIVER EDGE REDEVELOPMENT ZONE

House Sponsors
Rep. Linda Chapa LaVia

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
65 ILCS 115/10-10
65 ILCS 115/10-10.1 new

Synopsis As Introduced
Amends the River Edge Redevelopment Zone Act. Provides that a public utility may receive a deduction against income subject to State taxes for a contribution to a designated zone organization for costs of installing, replacing, modifying, removing, improving, or maintaining any substation facility located within the River Edge Redevelopment Zone if the project for which the contribution is made has been specifically approved by the designating municipality and by the Department of Commerce and Economic Opportunity. Provides that a public utility may amortize the cost of installing, replacing, modifying, improving, removing, or maintaining its facilities located within the River Edge Redevelopment Zone across all customers in the State if the project for which the contribution is made has been specifically approved by the designating municipality and by the Department of Commerce and Economic Opportunity.

Actions 
DateChamber Action
  2/4/2010HouseFiled with the Clerk by Rep. Linda Chapa LaVia
  2/5/2010HouseFirst Reading
  2/5/2010HouseReferred to Rules Committee
  1/11/2011HouseSession Sine Die

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