Bill Status of HB3400 98th General Assembly
Short Description: JOB RENEWAL ZONES
Rep. John D. Cavaletto - Dwight Kay
| 12/3/2014||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Creates the Employ Illinois Job Renewal Act. Requires the Department of Commerce and Economic Opportunity to develop application procedures to certify certain areas in the State as Job Renewal Zones. Sets forth the qualifications for certification as a Job Renewal Zone. Sets forth tax incentives for businesses located inside Job Renewal Zones. Requires the Department to certify all Job Renewal Zones by July 1, 2014 and provides that all zones expire on June 30, 2025. Requires the Department to report to the General Assembly and Governor no later than January 1, 2024 concerning the program. Effective immediately.