Illinois General Assembly - Bill Status for SB1172

Synopsis As Introduced
Creates the Banking Development District Act. Creates a program to encourage the establishment of banking branches in locations where there is the greatest need for banking services. Requires the State Treasurer, in consultation with the Office of Banks and Real Estate, to adopt rules that set forth criteria for the establishment of banking development districts. Provides that a municipality or a county, in conjunction with a bank, may apply to the State Treasurer to have property designated as a banking development district. Amends the Property Tax Code. Provides that a taxing district may abate a portion of the property taxes on a banking branch in an area designated as a banking development district. Effective immediately.

Actions

Date	Chamber	Action
2/20/2003	Senate	Filed with Secretary by Sen. Rickey R. Hendon
2/20/2003	Senate	First Reading
2/20/2003	Senate	Referred to Rules
2/27/2003	Senate	Assigned to Financial Institutions
3/6/2003	Senate	Postponed - Financial Institutions
3/13/2003	Senate	Postponed - Financial Institutions
3/14/2003	Senate	Rule 3-9(a) / Re-referred to Rules
1/11/2005	Senate	Session Sine Die

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