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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006 HB0736
Introduced 2/1/2005, by Rep. Donald L. Moffitt SYNOPSIS AS INTRODUCED: |
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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, 2007 and provides that all zones expire on June 30, 2019. Requires the Department to report to the General Assembly and Governor no later than January 1, 2018 concerning the program. Effective immediately.
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FISCAL NOTE ACT MAY APPLY | |
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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HB0736 |
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LRB094 06948 BDD 37063 b |
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| AN ACT concerning economic development.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 1. Short title. This Act may be cited as the Employ |
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| Illinois Job Renewal Act. |
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| Section 5. Definitions. As used in this Act: |
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| "Department" means the Department of Commerce and Economic |
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| Opportunity. |
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| "Local government entity" means a county or a municipality. |
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| Section 10. Qualifications for Job Renewal Zones. An area |
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| is qualified to become a Job Renewal Zone if: |
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| (1) it is located in a county or is a county with no |
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| more than 200,000 residents according to the latest data |
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| available from the U.S Census Bureau; and |
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| (2) it has experienced unemployment rates over the last |
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| 5 years that are higher than at least 75% of all Illinois |
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| local government entities. |
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| Section 15. Certification of Job Renewal Zones by the |
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| Department. |
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| (a) The Department must develop an application for Job |
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| Renewal Zone certification and contact local government |
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| entities that may be qualified to be a Job Renewal Zone under |
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| Section 10 to inform them of their potential qualification. In |
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| determining those local government entities to be certified, in |
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| addition to characteristics mentioned in subsection (b), the |
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| Department must certify an equal amount of zones in the various |
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| regions of the State. The Department shall designate Job |
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| Renewal Zones in a manner that maximizes their effect equally |
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| in regions of the State. The Department may not designate more |
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| than 10 Job Renewal Zones in the State.
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