Bill Status of HB 1336   98th General Assembly

Short Description:  EDGE-ECON DEVELOPMENT BOARD

House Sponsors
Rep. Jack D. Franks-Sam Yingling-Deborah Conroy-Carol A. Sente, Christian L. Mitchell, Derrick Smith and Maria Antonia Berrios

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3965/3from Ch. 127, par. 3953
20 ILCS 3965/4from Ch. 127, par. 3954
35 ILCS 10/5-5
35 ILCS 10/5-10
35 ILCS 10/5-20
35 ILCS 10/5-25
35 ILCS 10/5-40
35 ILCS 10/5-45
35 ILCS 10/5-50
35 ILCS 10/5-70

Synopsis As Introduced
Amends the Illinois Economic Development Board Act and the Economic Development for a Growing Economy Tax Credit Act to provide that EDGE Agreements are subject to the approval of the Illinois Economic Development Board (instead of the Illinois Business Investment Committee). Provides that the Illinois Business Investment Committee is dissolved on the effective date of the amendatory Act and all duties and responsibilities of the Committee shall be assumed by the Illinois Economic Development Board. Sets forth the membership of the Illinois Economic Development Board. Provides that the Director of Revenue and the Auditor General shall also serve as ex officio members of the Board. Sets forth the powers of the Board. Removes provisions requiring Applicants to make certain capital investments. Changes the duration of the credit from 10 years to 5 years. Provides that the credit may not exceed the lesser of the incremental income tax attributable to the project or $10,000 per New Employee. Provides that no more than $100,000,000 in credits may be awarded in State Fiscal Year 2014 or any State fiscal year thereafter. Makes other changes.

Actions 
DateChamber Action
  2/6/2013HouseFiled with the Clerk by Rep. Jack D. Franks
  2/6/2013HouseFirst Reading
  2/6/2013HouseReferred to Rules Committee
  2/7/2013HouseAdded Chief Co-Sponsor Rep. Sam Yingling
  2/7/2013HouseAdded Chief Co-Sponsor Rep. Deborah Conroy
  2/7/2013HouseAdded Chief Co-Sponsor Rep. Carol A. Sente
  2/13/2013HouseAssigned to Revenue & Finance Committee
  2/19/2013HouseAdded Co-Sponsor Rep. Christian L. Mitchell
  2/20/2013HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jack D. Franks
  2/20/2013HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  2/25/2013HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/12/2013HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Jack D. Franks
  3/12/2013HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  3/14/2013HouseHouse Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  3/22/2013HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  3/22/2013HouseHouse Committee Amendment No. 2 Rule 19(a) / Re-referred to Rules Committee
  5/29/2013HouseAdded Co-Sponsor Rep. Derrick Smith
  11/5/2013HouseAdded Co-Sponsor Rep. Maria Antonia Berrios
  12/3/2014HouseSession Sine Die

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