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1 | | the Enterprise Zone Certificate, or
a duplicate original |
2 | | thereof, shall be recorded in the office of recorder
of deeds |
3 | | of the county in which the Enterprise Zone lies.
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4 | | (b) An Enterprise Zone shall be effective on the date of |
5 | | the Department's January 1 of the first calendar year after |
6 | | Department certification. The
Department shall transmit a copy |
7 | | of the certification to the Department
of Revenue, and to the |
8 | | designating municipality or county.
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9 | | Upon certification of an Enterprise Zone, the terms and |
10 | | provisions of the
designating ordinance shall be in effect, and |
11 | | may not be amended or repealed
except in accordance with |
12 | | Section 5.4.
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13 | | (c) With the exception of Enterprise Zones scheduled to |
14 | | expire before December 31, 2018, an Enterprise Zone designated |
15 | | before the effective date of this amendatory Act of the 97th |
16 | | General Assembly shall be in effect for 30 calendar years, or |
17 | | for
a lesser number of years specified in the certified |
18 | | designating ordinance.
Notwithstanding the foregoing, any |
19 | | Enterprise Zone in existence on the effective date of this |
20 | | amendatory Act of the 98th General Assembly that has a term of |
21 | | 20 calendar years may be extended for an additional 10 calendar |
22 | | years upon amendment of the designating ordinance by the |
23 | | designating municipality or county and submission of the |
24 | | ordinance to the Department. The amended ordinance must be |
25 | | properly recorded in the Office of Recorder of Deeds of each |
26 | | county in which the Enterprise Zone lies. Each Enterprise Zone |
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1 | | in existence on the effective date of this amendatory Act of |
2 | | the 97th General Assembly that is scheduled to expire before |
3 | | July 1, 2016 may have its termination date extended until July |
4 | | 1, 2016 upon amendment of the designating ordinance by the |
5 | | designating municipality or county extending the termination |
6 | | date to July 1, 2016 and submission of the ordinance to the |
7 | | Department. The amended ordinance must be properly recorded in |
8 | | the Office of Recorder of Deeds of each county in which the |
9 | | Enterprise Zone lies. An Enterprise Zone designated on or after |
10 | | the effective date of this amendatory Act of the 97th General |
11 | | Assembly shall be in effect for a term of 15 calendar years, or |
12 | | for a lesser number of years specified in the certified |
13 | | designating ordinance. An enterprise zone designated on or |
14 | | after the effective date of this amendatory Act of the 97th |
15 | | General Assembly shall be subject to review by the Board after |
16 | | 13 years for an additional 10-year designation beginning on the |
17 | | expiration date of the enterprise zone. During the review |
18 | | process, the Board shall consider the costs incurred by the |
19 | | State and units of local government as a result of tax benefits |
20 | | received by the enterprise zone. Enterprise Zones shall |
21 | | terminate at midnight of December 31 of the final
calendar year |
22 | | of the certified term, except as provided in Section 5.4.
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23 | | (d) No more than 12 Enterprise Zones may be certified by |
24 | | the Department
in calendar year 1984, no more than 12 |
25 | | Enterprise Zones may be certified
by the Department in calendar |
26 | | year 1985, no more than 13 Enterprise
Zones may be certified by |
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1 | | the Department in calendar year 1986, no
more than 15 |
2 | | Enterprise Zones may be certified by the Department in
calendar |
3 | | year 1987, and no more than 20 Enterprise Zones may be |
4 | | certified
by the Department in calendar year 1990. In other |
5 | | calendar years, no more
than 13 Enterprise Zones may be |
6 | | certified by the Department.
The Department may also designate |
7 | | up to 8 additional Enterprise Zones
outside the regular |
8 | | application cycle if warranted by the extreme economic
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9 | | circumstances as determined by the Department. The Department |
10 | | may also
designate one additional Enterprise Zone outside the |
11 | | regular application
cycle if an aircraft manufacturer agrees to |
12 | | locate
an aircraft manufacturing facility in the proposed |
13 | | Enterprise Zone.
Notwithstanding any
other provision of this |
14 | | Act, no more than 89 Enterprise Zones may be
certified by the |
15 | | Department for the 10 calendar years commencing with 1983.
The |
16 | | 7 additional Enterprise Zones authorized by Public Act
86-15 |
17 | | shall not lie within municipalities or unincorporated areas of
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18 | | counties that abut or are contiguous to Enterprise Zones |
19 | | certified pursuant
to this Section prior to June 30, 1989. The |
20 | | 7 additional Enterprise
Zones (excluding the additional |
21 | | Enterprise Zone which may be designated
outside the regular |
22 | | application cycle) authorized by Public Act 86-1030
shall not |
23 | | lie within municipalities or unincorporated areas of counties
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24 | | that abut or are contiguous to Enterprise Zones certified |
25 | | pursuant to this
Section prior to February 28, 1990. Beginning |
26 | | in calendar year 2004 and until
December 31, 2008, one |
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1 | | additional enterprise zone may be certified by the
Department. |
2 | | In any calendar year, the
Department
may not certify more than |
3 | | 3 Zones located within the same municipality. The
Department |
4 | | may certify Enterprise Zones in each of the 10 calendar years
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5 | | commencing with 1983. The Department may not certify more than |
6 | | a total of
18 Enterprise Zones located within the same county |
7 | | (whether within
municipalities or within unincorporated |
8 | | territory) for the 10 calendar years
commencing with 1983. |
9 | | Thereafter, the Department may not certify any
additional |
10 | | Enterprise Zones, but may amend and rescind certifications of
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11 | | existing Enterprise Zones in accordance with Section 5.4.
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12 | | (e) Notwithstanding any other provision of law, if (i) the |
13 | | county board of
any county in which a current military base is |
14 | | located, in part or in whole, or
in which a military
base that |
15 | | has been closed within 20 years of the effective date of this
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16 | | amendatory Act of 1998 is located, in part or in whole, adopts |
17 | | a designating
ordinance in accordance with Section 5 of this |
18 | | Act to designate the military
base in that county as an |
19 | | enterprise zone and (ii) the property otherwise
meets the
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20 | | qualifications for an enterprise zone as prescribed in Section |
21 | | 4 of this Act,
then the Department may certify the designating |
22 | | ordinance or ordinances, as the
case may be.
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23 | | (f) Applications for Enterprise Zones that are scheduled to |
24 | | expire in 2016, including Enterprise Zones that have been |
25 | | extended until 2016 by this amendatory Act of the 97th General |
26 | | Assembly, shall be submitted to the Department no later than |
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1 | | December 31, 2014. At that time, the Zone becomes available for |
2 | | either the previously designated area or a different area to |
3 | | compete for designation. No preference for designation as a |
4 | | Zone will be given to the previously designated area. |
5 | | For Enterprise Zones that are scheduled to expire on or |
6 | | after January 1, 2017, an application process shall begin 3 2 |
7 | | years prior to the year in which the Zone expires. At that |
8 | | time, the Zone becomes available for either the previously |
9 | | designated area or a different area to compete for designation. |
10 | | No preference for designation as a Zone will be given to the |
11 | | previously designated area. |
12 | | Each Enterprise Zone that reapplies for certification but |
13 | | does not receive a new certification shall expire on its |
14 | | scheduled termination date. |
15 | | (Source: P.A. 97-905, eff. 8-7-12; 98-109, eff. 7-25-13.)
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16 | | Section 99. Effective date. This Act takes effect upon |
17 | | becoming law.".
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