Illinois General Assembly - Bill Status for SB0499

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Bill Status of SB0499 95th General Assembly

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Short Description: EDGE CREDIT- EMPLOYEE

Senate Sponsors
Sen. Mike Jacobs

House Sponsors
(Rep. William Davis)

Last Action

Date	Chamber	Action
8/23/2007	Senate	Public Act . . . . . . . . . 95-0375

Statutes Amended In Order of Appearance

35 ILCS 10/5-5

35 ILCS 10/5-15

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the Act does not prohibit a tax credit award to an applicant that uses full-time employees from an employee-leasing company. Effective immediately.

	Land Conveyance Appraisal Note (Dept. of Transportation)
	No land conveyances are included in this bill, therefore, there are no appraisals to be filed.

	Judicial Note (Admin Office of the Illinois Courts)
	This bill would neither increase nor decrease the number of judges needed in the State.

	State Debt Impact Note (Dept. of Commerce & Economic Opportunity)
	This bill would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness.

	Housing Affordability Impact Note (Housing Development Authority)
	This legislation will have no effect on constructing, purchasing, owning, or selling a single-family residence.

	Pension Note (Government Forecasting & Accountability)
	This bill will not impact any public pension fund or retirement system in Illinois.

	Home Rule Note (Dept. of Commerce & Economic Opportunity)
	This legislation does not pre-empt home rule authority.

	Fiscal Note (Dept. of Revenue)
	The Illinois Department of Revenue estimates that Senate Bill 499 would increase the amount of EDGE credits claimed by 5 to 10%. The average amount of EDGE credits claimed over the last 2 years was $19.25 million. Therefore, the Department of Revnue estimates that an additional $960,000 to $1.92 million in EDGE credits would be claimed if SB 499 becomes law.

	Fiscal Note (Dept. of Commerce & Economic Opportunity)
	This legislation is estimated to have no fiscal impact on the Department of Commerce and Economic Opportunity.

	State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity)
	This legislation does not create a State mandate under the State Mandates Act.

	Balanced Budget Note (Gov Office of Mgmt & Budget)
	SB 499, if enacted into law, will have a minimal negative impact on the proposed Fiscal Year 2008 budget. The Department of Revenue estimates additional tax credits of $960,000 to $1,950,000 in additional tax credit claims.

	Correctional Note (Dept of Corrections)
	Corrections Population Impact: None; Fiscal Impact: None; Fiscal Implications: None.

	Fiscal Note (Dept of Corrections)
	Corrections Population Impact: None; Fiscal Impact: None; Fiscal Implications: None.

Actions

Date	Chamber	Action
2/8/2007	Senate	Filed with Secretary by Sen. Mike Jacobs
2/8/2007	Senate	First Reading
2/8/2007	Senate	Referred to Rules
2/21/2007	Senate	Assigned to Commerce and Economic Development
3/2/2007	Senate	Postponed - Commerce and Economic Development
3/8/2007	Senate	Do Pass Commerce and Economic Development; 009-000-000
3/8/2007	Senate	Placed on Calendar Order of 2nd Reading March 13, 2007
3/13/2007	Senate	Second Reading
3/13/2007	Senate	Placed on Calendar Order of 3rd Reading March 14, 2007
3/15/2007	Senate	Third Reading - Passed; 055-000-000
3/15/2007	House	Arrived in House
3/15/2007	House	Placed on Calendar Order of First Reading
3/21/2007	House	Chief House Sponsor Rep. William Davis
3/21/2007	House	First Reading
3/21/2007	House	Referred to Rules Committee
4/30/2007	House	Assigned to Revenue Committee
5/17/2007	House	Recommends Do Pass Subcommittee/ Revenue Committee; 003-000-000
5/17/2007	House	Do Pass / Short Debate Revenue Committee; 011-000-000
5/17/2007	House	Placed on Calendar 2nd Reading - Short Debate
5/17/2007	House	Fiscal Note Requested by Rep. Mike Boland
5/17/2007	House	State Mandates Fiscal Note Requested by Rep. Mike Boland
5/17/2007	House	Balanced Budget Note Requested by Rep. Mike Boland
5/17/2007	House	Correctional Note Requested by Rep. Mike Boland
5/17/2007	House	Home Rule Note Requested by Rep. Mike Boland
5/17/2007	House	Housing Affordability Impact Note Requested by Rep. Mike Boland
5/17/2007	House	Judicial Note Requested by Rep. Mike Boland
5/17/2007	House	Land Conveyance Appraisal Note Requested by Rep. Mike Boland
5/17/2007	House	Pension Note Requested by Rep. Mike Boland
5/17/2007	House	State Debt Impact Note Requested by Rep. Mike Boland
5/18/2007	House	Land Conveyance Appraisal Note Filed
5/18/2007	House	Judicial Note Filed
5/18/2007	House	State Debt Impact Note Filed
5/18/2007	House	Housing Affordability Impact Note Filed
5/18/2007	House	Pension Note Filed
5/21/2007	House	Home Rule Note Filed
5/23/2007	House	Fiscal Note Filed
5/24/2007	House	Second Reading - Short Debate
5/24/2007	House	Held on Calendar Order of Second Reading - Short Debate
5/24/2007	House	Fiscal Note Filed
5/25/2007	House	State Mandates Fiscal Note Filed
5/25/2007	House	Balanced Budget Note Filed
5/25/2007	House	Correctional Note Filed
5/25/2007	House	Fiscal Note Filed
5/28/2007	House	Second Reading - Short Debate
5/28/2007	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/29/2007	House	Third Reading - Short Debate - Passed 116-000-000
5/29/2007	Senate	Passed Both Houses
6/27/2007	Senate	Sent to the Governor
8/23/2007	Senate	Governor Approved
8/23/2007	Senate	Effective Date August 23, 2007
8/23/2007	Senate	Public Act . . . . . . . . . 95-0375

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