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1 | AN ACT concerning government.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 1. Short title. This Act may be cited as the | |||||||||||||||||||||||||
5 | Community Renewal and Revitalization Act. | |||||||||||||||||||||||||
6 | Section 5. Intent. The intent of this Act is to spur | |||||||||||||||||||||||||
7 | investment in areas of high unemployment and high crime through | |||||||||||||||||||||||||
8 | various economic development tools intended to incentivize | |||||||||||||||||||||||||
9 | businesses to relocate, expand, and develop within those | |||||||||||||||||||||||||
10 | communities. It is the hope and belief of the General Assembly | |||||||||||||||||||||||||
11 | that through the creation of Health, Opportunity, Prosperity, | |||||||||||||||||||||||||
12 | and Empowerment (HOPE) Zones, economic growth and vitality can | |||||||||||||||||||||||||
13 | foster in impoverished communities of this State. | |||||||||||||||||||||||||
14 | Section 10. Definitions.
As used in this Act:
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15 | "Department" means the Department of Commerce and Economic | |||||||||||||||||||||||||
16 | Opportunity.
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17 | "Director" means the Director of the Department of Commerce | |||||||||||||||||||||||||
18 | and Economic Opportunity.
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19 | "HOPE Zone" or "Zone" means a Health, Opportunity, | |||||||||||||||||||||||||
20 | Prosperity, and Empowerment Zone established under this Act. | |||||||||||||||||||||||||
21 | Section 15. Qualifications for HOPE Zones.
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1 | (a) An area is qualified to become a HOPE Zone if:
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2 | (1) it is a contiguous area, provided that a zone area
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3 | may exclude wholly surrounded territory within its | ||||||
4 | boundaries;
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5 | (2) it is comprised of a minimum of one-half square | ||||||
6 | mile and
not more than 15 square miles, in total area, | ||||||
7 | exclusive of lakes and waterways;
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8 | (3) it is entirely within a municipality or entirely | ||||||
9 | within the unincorporated areas of a county, except where | ||||||
10 | reasonable need is established for such zone to cover | ||||||
11 | portions of more than one municipality or county;
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12 | (4) all or part of the area to be designated as a HOPE | ||||||
13 | Zone has had an annual average unemployment rate of at | ||||||
14 | least 120% of the State's annual average unemployment rate | ||||||
15 | for the most recent calendar year or the most recent fiscal | ||||||
16 | year as reported by the Department of Employment Security; | ||||||
17 | and
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18 | (5) all or part of the area to be designated as a HOPE | ||||||
19 | Zone has a poverty rate of at least 20% according to the | ||||||
20 | latest federal decennial census, and a census tract crime | ||||||
21 | rate higher than the State average.
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22 | (b) Any criteria established by the Department or by law | ||||||
23 | which utilize the rate of unemployment for a particular area | ||||||
24 | shall provide that all persons who are not presently employed | ||||||
25 | and have exhausted all unemployment benefits shall be | ||||||
26 | considered unemployed, whether or not such persons are actively |
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1 | seeking employment.
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2 | Section 20. Designation of HOPE Zones.
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3 | (a) Any area determined by the Director of the Department | ||||||
4 | of Commerce and Economic Opportunity as meeting the | ||||||
5 | qualifications established under Section 10 shall be | ||||||
6 | designated a HOPE Zone, and be eligible for benefits under this | ||||||
7 | Act.
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8 | (b) Upon designation of a HOPE Zone, the Director shall | ||||||
9 | provide:
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10 | (1) a precise description of the area comprising the | ||||||
11 | Zone, either in the form of a legal description or by | ||||||
12 | reference to roadways, lakes and waterways, and township | ||||||
13 | and county boundaries;
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14 | (2) a finding that the Zone area meets the | ||||||
15 | qualifications established under Section 10;
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16 | (3) provisions for any tax incentives or reimbursement | ||||||
17 | for taxes, which under State and federal law apply to | ||||||
18 | businesses within the designated Zone;
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19 | (4) the duration or term of the HOPE Zone, which shall | ||||||
20 | be no less than 10 years in duration; and
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21 | (5) any other information the Director deems necessary | ||||||
22 | to the establishment of HOPE Zones under this Act.
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23 | (c) Nothing in this Section shall prohibit a municipality | ||||||
24 | or county from extending additional tax incentives or | ||||||
25 | reimbursement for businesses in HOPE Zones or throughout their |
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1 | territory by separate ordinance. Nothing in this Section shall | ||||||
2 | prohibit a municipality or county from applying to be an | ||||||
3 | Enterprise Zone under the Illinois Enterprise Zone Act.
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4 | Section 25. HOPE Zone tax credit.
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5 | (a) The HOPE Zone tax credit is hereby created to be | ||||||
6 | granted to businesses relocating to, expanding within, | ||||||
7 | developing within, or existing within areas designated as HOPE | ||||||
8 | Zones under this Act.
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9 | (b) Businesses maintaining operations within a HOPE Zone | ||||||
10 | shall be eligible to receive a 50% tax credit on its annual | ||||||
11 | corporate income tax, and a tax credit to all fees and | ||||||
12 | franchise taxes paid to the Secretary of State for organizing | ||||||
13 | and maintaining any business organization within the Zone.
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14 | (c) Individuals living within a HOPE Zone shall also be | ||||||
15 | eligible to receive a 50% tax credit to their annual individual | ||||||
16 | income tax.
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17 | (d) Any business designated as a "High Impact Business" | ||||||
18 | under Section 5.5 of the Illinois Enterprise Zone Act that | ||||||
19 | intends to invest in a HOPE Zone, in a manner specified in | ||||||
20 | subparagraphs (A) through (F) of that Section, shall be | ||||||
21 | eligible for the credits and benefits provided in that Section. | ||||||
22 | All provisions and procedures in Section 5.5 of the Illinois | ||||||
23 | Enterprise Zone Act with respect to the application and | ||||||
24 | designation of High Impact Businesses shall apply.
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1 | Section 30. Powers and duties of the Department.
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2 | (a) General powers. The Department shall administer this | ||||||
3 | Act and shall have the following powers and duties:
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4 | (1) To monitor the implementation of this Act and
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5 | submit reports evaluating the effectiveness of the program | ||||||
6 | and any suggestions for legislation to the Governor and | ||||||
7 | General Assembly by October 1 of every year preceding a | ||||||
8 | regular Session of the General Assembly and to annually | ||||||
9 | report to the General Assembly initial and current | ||||||
10 | population, employment, per capita income, number of | ||||||
11 | business establishments, dollar value of new construction | ||||||
12 | and improvements, and the aggregate value of each tax | ||||||
13 | incentive, based on information provided by the Department | ||||||
14 | of Revenue, for each HOPE Zone.
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15 | (2) To adopt all necessary rules and regulations
to | ||||||
16 | carry out the purposes of this Act in accordance with The | ||||||
17 | Illinois Administrative Procedure Act.
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18 | (3) To assist municipalities and counties in
obtaining | ||||||
19 | federal status as an Enterprise Zone. | ||||||
20 | (b) Specific duties:
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21 | (1) The Department shall provide information and
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22 | appropriate assistance to persons desiring to locate and | ||||||
23 | engage in business in a HOPE Zone, to persons engaged in | ||||||
24 | business in a HOPE Zone, and to designated Zone | ||||||
25 | organizations operating there.
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26 | (2) The Department shall, in cooperation with
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1 | appropriate units of local government and State agencies, | ||||||
2 | coordinate and streamline existing State business | ||||||
3 | assistance programs and permit and license application | ||||||
4 | procedures for HOPE Zone businesses.
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5 | (3) The Department shall publicize existing tax
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6 | incentives and economic development programs within the | ||||||
7 | Zone and upon request, offer technical assistance in | ||||||
8 | abatement and alternative revenue source development to | ||||||
9 | local units of government which have HOPE Zones within | ||||||
10 | their jurisdiction.
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11 | (4) The Department shall work together with the
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12 | responsible State and federal agencies to promote the | ||||||
13 | coordination of other relevant programs, including, but | ||||||
14 | not limited to, housing, community and economic | ||||||
15 | development, small business, banking, financial | ||||||
16 | assistance, and employment training programs which are | ||||||
17 | carried on in a HOPE Zone.
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18 | (5) In order to stimulate employment opportunities
for | ||||||
19 | Zone residents, the Department, in cooperation with the | ||||||
20 | Department of Human Services and the Department of | ||||||
21 | Employment Security, is to initiate a test of the following | ||||||
22 | 2 programs within the 12 month period following designation | ||||||
23 | and approval by the Department of the first HOPE zones: (i) | ||||||
24 | the use of aid to families with dependent children benefits | ||||||
25 | payable under Article IV of the Illinois Public Aid Code, | ||||||
26 | General Assistance benefits payable under Article VI of the |
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1 | Illinois Public Aid Code, the unemployment insurance | ||||||
2 | benefits payable under the Unemployment Insurance Act as | ||||||
3 | training or employment subsidies leading to unsubsidized | ||||||
4 | employment; and (ii) a program for voucher reimbursement of | ||||||
5 | the cost of training Zone residents eligible under the | ||||||
6 | Targeted Jobs Tax Credit provisions of the Internal Revenue | ||||||
7 | Code for employment in private industry. These programs | ||||||
8 | shall not be designed to subsidize businesses, but are | ||||||
9 | intended to open up job and training opportunities not | ||||||
10 | otherwise available. Nothing in this paragraph (5) shall be | ||||||
11 | deemed to require Zone businesses to utilize these | ||||||
12 | programs. These programs should be designed (i) for those | ||||||
13 | individuals whose opportunities for job-finding are | ||||||
14 | minimal without program participation; (ii) to minimize | ||||||
15 | the period of benefit collection by such individuals; and | ||||||
16 | (iii) to accelerate the transition of those individuals to | ||||||
17 | unsubsidized employment. The Department is to seek | ||||||
18 | agreement with business, organized labor and the | ||||||
19 | appropriate State Department, and agencies on the design, | ||||||
20 | operation, and evaluation of the test programs.
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21 | A report with recommendations including representative | ||||||
22 | comments of these groups shall be submitted by the Department | ||||||
23 | to the Governor and General Assembly not later than 12 months | ||||||
24 | after such test programs have commenced, or not later than 3 | ||||||
25 | months following the termination of such test programs, | ||||||
26 | whichever first occurs. |
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1 | Section 35. State incentives regarding public services and | ||||||
2 | physical infrastructure.
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3 | (a) Industrial development bonds. Priority in the use of | ||||||
4 | industrial development bonds issued by the Illinois Finance | ||||||
5 | Authority shall be given to businesses located in HOPE Zones.
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6 | (b) Deposit of State funds by the State Treasurer. The | ||||||
7 | State Treasurer is authorized and encouraged to place deposits | ||||||
8 | of State funds with financial institutions doing business in | ||||||
9 | HOPE Zones.
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10 | Section 40. State regulatory exemptions in HOPE Zones.
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11 | (a) The Department shall conduct an ongoing review of such | ||||||
12 | agency rules and regulations that may be identified by the | ||||||
13 | Department as businesses and preliminarily appearing to the | ||||||
14 | Department to:
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15 | (i) affect the conduct of business, industry, and | ||||||
16 | commerce;
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17 | (ii) impose excessive costs on either the creation or | ||||||
18 | conduct of such businesses; and
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19 | (iii) inhibit the development and expansions of | ||||||
20 | businesses within HOPE Zones.
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21 | The Department shall conduct hearings, pursuant to public | ||||||
22 | notice, to solicit public comment on such identified rules and | ||||||
23 | regulations as part of this review process.
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24 | (b) No later than August 1 of each calendar year, the |
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1 | Department shall publish in the Illinois Register a list of | ||||||
2 | such rules and regulations identified under subsection (a). The | ||||||
3 | Department shall transmit a copy of the list to each agency | ||||||
4 | which has adopted rules or regulations on the list.
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5 | (c) Within 90 days of the publication of the list by the | ||||||
6 | Department, each agency which adopted rules or regulations | ||||||
7 | identified therein shall file a written report with the | ||||||
8 | Department detailing for each identified rule or regulation:
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9 | (i) the need or justification;
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10 | (ii) whether the rule or regulation is mandated by | ||||||
11 | State or federal law, or is discretionary, and to what | ||||||
12 | extent;
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13 | (iii) a synopsis of the history of the rule, including | ||||||
14 | any internal agency review after its original adoption; and
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15 | (iv) any appropriate explanation of its relationship | ||||||
16 | to other regulatory requirements.
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17 | The adopting agency shall also include any available data, | ||||||
18 | analysis, and studies concerning the economic impact of the | ||||||
19 | identified rules and regulations. The agency responses shall be | ||||||
20 | public records.
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21 | (d) No later than January 1 of the following calendar year, | ||||||
22 | the Department shall file proposed rules exempting businesses | ||||||
23 | within HOPE Zones from those agency rules and regulations | ||||||
24 | contained in the published list, for which the Department finds | ||||||
25 | that the job creation or business development incentives for | ||||||
26 | HOPE Zone development engendered by the exemption outweigh the |
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1 | need and justification for the rule or regulation. In making | ||||||
2 | its findings, the Department shall consider all information, | ||||||
3 | data, and opinions submitted to it by the public, as well as by | ||||||
4 | adopting agencies, as well as information otherwise available | ||||||
5 | to it.
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6 | (e) The proposed rules and regulations adopted by the | ||||||
7 | Department shall be in the form of amendments to the existing | ||||||
8 | rules and regulations to be affected, and shall be subject to | ||||||
9 | the Illinois Administrative Procedure Act.
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10 | (f) Upon its effective date, any exempting rule or | ||||||
11 | regulation of the Department shall supersede the exempted | ||||||
12 | agency rule or regulation in accordance with the terms of the | ||||||
13 | exemption. Such exemptions may apply only to businesses within | ||||||
14 | HOPE Zones during the effective term of the respective Zones. | ||||||
15 | Agencies may not adopt emergency rules to circumvent an | ||||||
16 | exemption effected by a Department exemption rule; any such | ||||||
17 | emergency rules shall not be effective within HOPE Zones to the | ||||||
18 | extent inconsistent with the terms of such an exemption.
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19 | Section 45. State and local regulatory alternatives.
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20 | (a) Agencies may provide in their rules and regulations for | ||||||
21 | (i) the exemption of businesses within HOPE Zones; or (ii) | ||||||
22 | modifications or alternatives specifically applicable to | ||||||
23 | businesses within HOPE Zones, which impose less stringent | ||||||
24 | standards or alternative standards for compliance, including | ||||||
25 | performance-based standards as a substitute for specific |
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1 | mandates of methods, procedures, or equipment.
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2 | Such exemptions, modifications, or alternatives shall be | ||||||
3 | effected by rule or regulation adopted in accordance with the | ||||||
4 | Illinois Administrative Procedure Act. The agency adopting | ||||||
5 | exemptions, modifications, or alternatives shall file with its | ||||||
6 | proposed rule or regulation its findings that the proposed rule | ||||||
7 | or regulation provides economic incentives within HOPE Zones | ||||||
8 | which promote the purposes of this Act, and which, to the | ||||||
9 | extent they include any exemptions or reductions in regulatory | ||||||
10 | standards or requirements, outweigh the need or justification | ||||||
11 | for the existing rule or regulation.
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12 | (b) If any agency adopts a rule or regulation under | ||||||
13 | subsection (a) of this Section affecting a rule or regulation | ||||||
14 | contained on the list published by the Department under Section | ||||||
15 | 35 of this Act, prior to the completion of the rule making | ||||||
16 | process for the Department's rules under that Section, the | ||||||
17 | agency shall immediately transmit a copy of its proposed rule | ||||||
18 | or regulation to the Department, together with a statement of | ||||||
19 | reasons as to why the Department should defer to the agency's | ||||||
20 | proposed rule or regulation. Agency rules adopted under | ||||||
21 | subsection (a) of this Section shall, however, be subject to | ||||||
22 | the exemption rules and regulations of the Department adopted | ||||||
23 | under Section 35 of this Act.
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24 | (c) The county or municipality containing a HOPE Zone may | ||||||
25 | modify all local ordinances and regulations regarding (1) | ||||||
26 | zoning; (2) licensing; (3) building codes, excluding however, |
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1 | any regulations treating building defects; and (4) rent control | ||||||
2 | and price controls; except for the minimum wage. | ||||||
3 | Notwithstanding any shorter statute of limitation to the | ||||||
4 | contrary, actions against any contractor or architect who | ||||||
5 | designs, constructs, or rehabilitates a building or structure | ||||||
6 | in a HOPE Zone in accordance with local standards specifically | ||||||
7 | applicable within Zones which have been relaxed may be | ||||||
8 | commenced within 10 years from the time of beneficial occupancy | ||||||
9 | of the building or use of the structure.
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10 | Section 100. The Illinois Income Tax Act is amended by | ||||||
11 | changing Section 216 as follows: | ||||||
12 | (35 ILCS 5/216) | ||||||
13 | Sec. 216. Credit for wages paid to ex-felons. | ||||||
14 | (a) For each taxable year beginning on or after January 1, | ||||||
15 | 2007, each taxpayer is entitled to a credit against the tax | ||||||
16 | imposed by subsections (a) and (b) of Section 201 of this Act | ||||||
17 | in an amount equal to 5% of qualified wages paid by the | ||||||
18 | taxpayer during the taxable year to one or more Illinois | ||||||
19 | residents who are qualified ex-offenders. The total credit | ||||||
20 | allowed to a taxpayer with respect to each qualified | ||||||
21 | ex-offender may not exceed $1,500 for all taxable years , except | ||||||
22 | that a taxpayer operating a business in a HOPE Zone under the | ||||||
23 | Community Renewal and Revitalization Act shall be allowed a | ||||||
24 | total credit up to $3,000 with respect to each qualified |
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1 | ex-offender for all taxable years . For partners, shareholders | ||||||
2 | of Subchapter S corporations, and owners of limited liability | ||||||
3 | companies, if the liability company is treated as a partnership | ||||||
4 | for purposes of federal and State income taxation, there shall | ||||||
5 | be allowed a credit under this Section to be determined in | ||||||
6 | accordance with the determination of income and distributive | ||||||
7 | share of income under Sections 702 and 704 and Subchapter S of | ||||||
8 | the Internal Revenue Code. | ||||||
9 | (b) For purposes of this Section, "qualified wages": | ||||||
10 | (1) includes only wages that are subject to federal | ||||||
11 | unemployment tax under Section 3306 of the Internal Revenue | ||||||
12 | Code, without regard to any dollar limitation contained in | ||||||
13 | that Section;
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14 | (2) does not include any amounts paid or incurred by an | ||||||
15 | employer for any period to any qualified ex-offender for | ||||||
16 | whom the employer receives federally funded payments for | ||||||
17 | on-the-job training of that qualified ex-offender for that | ||||||
18 | period;
and
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19 | (3) includes only wages attributable to service | ||||||
20 | rendered during the one-year period beginning with the day | ||||||
21 | the qualified ex-offender begins work for the employer.
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22 | If the taxpayer has received any payment from a program | ||||||
23 | established under Section 482(e)(1) of the federal Social | ||||||
24 | Security Act with respect to a qualified ex-offender, then, for | ||||||
25 | purposes of calculating the credit under this Section, the | ||||||
26 | amount of the qualified wages paid to that qualified |
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1 | ex-offender must be reduced by the amount of the payment.
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2 | (c) For purposes of this Section, "qualified ex-offender" | ||||||
3 | means any person who:
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4 | (1) has been convicted of a crime in this State or of | ||||||
5 | an offense in any other jurisdiction, not including any | ||||||
6 | offense or attempted offense that would subject a person to | ||||||
7 | registration under the Sex Offender Registration Act; | ||||||
8 | (2) was sentenced to a period of incarceration in an | ||||||
9 | Illinois adult correctional center; and | ||||||
10 | (3) was hired by the taxpayer within 5 3 years after | ||||||
11 | being released from an Illinois adult correctional center. | ||||||
12 | (d) In no event shall a credit under this Section reduce | ||||||
13 | the taxpayer's liability to less than zero. If the amount of | ||||||
14 | the credit exceeds the tax liability for the year, the excess | ||||||
15 | may be carried forward and applied to the tax liability of the | ||||||
16 | 5 taxable years following the excess credit year. The tax | ||||||
17 | credit shall be applied to the earliest year for which there is | ||||||
18 | a tax liability. If there are credits for more than one year | ||||||
19 | that are available to offset a liability, the earlier credit | ||||||
20 | shall be applied first.
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21 | (e) This Section is exempt from the provisions of Section | ||||||
22 | 250. | ||||||
23 | (Source: P.A. 98-165, eff. 8-5-13.) | ||||||
24 | Section 105. The Small Business Job Creation Tax Credit Act | ||||||
25 | is amended by changing Sections 25 and 30 as follows: |
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1 | (35 ILCS 25/25)
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2 | Sec. 25. Tax credit. | ||||||
3 | (a) Subject to the conditions set forth in this Act, an | ||||||
4 | applicant is entitled to a credit against payment of taxes | ||||||
5 | withheld under Section 704A of the Illinois Income Tax Act: | ||||||
6 | (1) for new employees who participated as | ||||||
7 | worker-trainees in the Put Illinois to Work Program during | ||||||
8 | 2010: | ||||||
9 | (A) in the first calendar year ending on or after | ||||||
10 | the date that is 6 months after December 31, 2010, or | ||||||
11 | the date of hire, whichever is later. Under this | ||||||
12 | subparagraph, the applicant is entitled to one-half of | ||||||
13 | the credit allowable for each new employee who is | ||||||
14 | employed for at least 6 months after the date of hire; | ||||||
15 | and | ||||||
16 | (B) in the first calendar year ending on or after | ||||||
17 | the date that is 12 months after December 31, 2010, or | ||||||
18 | the date of hire, whichever is later. Under this | ||||||
19 | subparagraph, the applicant is entitled to one-half of | ||||||
20 | the credit allowable for each new employee who is | ||||||
21 | employed for at least 12 months after the date of hire; | ||||||
22 | (2) for all other new employees, in the first calendar | ||||||
23 | year ending on or after the date that is 12 months after | ||||||
24 | the date of hire of a new employee. The credit shall be | ||||||
25 | allowed as a credit to an applicant for each full-time |
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1 | employee hired during the incentive period that results in | ||||||
2 | a net increase in full-time Illinois employees, where the | ||||||
3 | net increase in the employer's full-time Illinois | ||||||
4 | employees is maintained for at least 12 months. | ||||||
5 | (b) The Department shall make credit awards under this Act | ||||||
6 | to further job creation. | ||||||
7 | (c) The credit shall be claimed for the first calendar year | ||||||
8 | ending on or after the date on which the certificate is issued | ||||||
9 | by the Department. | ||||||
10 | (d) The credit shall not exceed $2,500 per new employee | ||||||
11 | hired ; however, businesses operating within HOPE Zones under | ||||||
12 | the Community Renewal and Revitalization Act shall be allowed a | ||||||
13 | credit up to $5,000 per new employee hired . | ||||||
14 | (e) The net increase in full-time Illinois employees, | ||||||
15 | measured on an annual full-time equivalent basis, shall be the | ||||||
16 | total number of full-time Illinois employees of the applicant | ||||||
17 | on the final day of the incentive period, minus the number of | ||||||
18 | full-time Illinois employees employed by the employer on the | ||||||
19 | first day of that same incentive period. For purposes of the | ||||||
20 | calculation, an employer that begins doing business in this | ||||||
21 | State during the incentive period, as determined by the | ||||||
22 | Director, shall be treated as having zero Illinois employees on | ||||||
23 | the first day of the incentive period. | ||||||
24 | (f) The net increase in the number of full-time Illinois | ||||||
25 | employees of the applicant under subsection (e) must be | ||||||
26 | sustained continuously for at least 12 months, starting with |
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1 | the date of hire of a new employee during the incentive period. | ||||||
2 | Eligibility for the credit does not depend on the continuous | ||||||
3 | employment of any particular individual. For purposes of this | ||||||
4 | subsection (f), if a new employee ceases to be employed before | ||||||
5 | the completion of the 12-month period for any reason, the net | ||||||
6 | increase in the number of full-time Illinois employees shall be | ||||||
7 | treated as continuous if a different new employee is hired as a | ||||||
8 | replacement within a reasonable time for the same position.
| ||||||
9 | (g) The Department shall promulgate rules to enable an | ||||||
10 | applicant for which a PEO has been contracted to issue W-2s and | ||||||
11 | make payment of taxes withheld under Section 704A of the | ||||||
12 | Illinois Income Tax Act for new employees to retain the benefit | ||||||
13 | of tax credits to which the applicant is otherwise entitled | ||||||
14 | under this Act. | ||||||
15 | (Source: P.A. 96-888, eff. 4-13-10; 96-1498, eff. 1-18-11; | ||||||
16 | 97-636, eff. 6-1-12; 97-1052, eff. 8-23-12.) | ||||||
17 | (35 ILCS 25/30)
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18 | Sec. 30. Maximum amount of credits allowed. The Department | ||||||
19 | shall limit the monetary amount of credits awarded under this | ||||||
20 | Act to no more than $100,000,000 $50,000,000 . If applications | ||||||
21 | for a greater amount are received, credits shall be allowed on | ||||||
22 | a first-come-first-served basis, based on the date on which | ||||||
23 | each properly completed application for a certificate of | ||||||
24 | eligibility is received by the Department. If more than one | ||||||
25 | certificate of eligibility is received on the same day, the |
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1 | credits will be awarded based on the time of submission for | ||||||
2 | that particular day.
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3 | (Source: P.A. 96-888, eff. 4-13-10.)
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