Illinois General Assembly - Bill Status for SB2203
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 Bill Status of SB2203  94th General Assembly


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

Last Action
DateChamber Action
  1/9/2007SenateSession 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.

DateChamber Action
  1/11/2006SenateFiled with Secretary by Sen. Frank C. Watson
  1/11/2006SenateChief Co-Sponsor Sen. Dale A. Righter
  1/11/2006SenateFirst Reading
  1/11/2006SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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