Illinois General Assembly - Bill Status for SB2203

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Bill Status of SB2203 94th General Assembly

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Short Description: EDGE CREDIT-APPLICATIONS

Senate Sponsors
Sen. Frank C. Watson - Dale A. Righter

Last Action

Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 10/5-25

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that, if an applicant for a credit under the Act (i) is an Illinois-based company that is competing with an out-of-state company to supply parts or components to another Illinois manufacturer and (ii) signs an affidavit attesting that, without the credit, the applicant will likely lose the parts or components work to the out-of-state competitor, then the application need not demonstrate that the applicant has multi-state location options and need not identify a cost differential in the projected costs for the applicant's project compared to the costs in the competing state. Effective immediately.

Actions

Date	Chamber	Action
1/11/2006	Senate	Filed with Secretary by Sen. Frank C. Watson
1/11/2006	Senate	Chief Co-Sponsor Sen. Dale A. Righter
1/11/2006	Senate	First Reading
1/11/2006	Senate	Referred to Rules
1/9/2007	Senate	Session Sine Die

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