Illinois General Assembly - Full Text of HB1125
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Full Text of HB1125  100th General Assembly


Sen. John J. Cullerton

Filed: 5/24/2017





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2    AMENDMENT NO. ______. Amend House Bill 1125 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Economic Development for a Growing Economy
5Tax Credit Act is amended by changing Section 5-40 as follows:
6    (35 ILCS 10/5-40)
7    Sec. 5-40. Determination of Amount of the Credit. In
8determining the the amount of the Credit that should be
9awarded, the Committee shall provide guidance on, and the
10Department shall take into consideration, the following
12        (1) The number and location of jobs created and
13    retained in relation to the economy of the county where the
14    projected investment is to occur.
15        (2) The potential impact on the economy of Illinois.
16        (3) The magnitude of the cost differential between



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1    Illinois and the competing state.
2        (4) The incremental payroll attributable to the
3    project.
4        (5) The capital investment attributable to the
5    project.
6        (6) The amount of the average wage and benefits paid by
7    the Applicant in relation to the wage and benefits of the
8    area of the project.
9        (7) The costs to Illinois and the affected political
10    subdivisions with respect to the project.
11        (8) The financial assistance that is otherwise
12    provided by Illinois and the affected political
13    subdivisions.
14(Source: P.A. 91-476, eff. 8-11-99.)".