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90_HB2901
20 ILCS 655/5.3 from Ch. 67 1/2, par. 608
Amends the Illinois Enterprise Zone Act. Increases the
maximum number of years an enterprise zone may be in effect
from 20 to 30. Effective immediately.
LRB9009330KDks
LRB9009330KDks
1 AN ACT to amend the Illinois Enterprise Zone Act by
2 changing Section 5.3.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Enterprise Zone Act is amended
6 by changing Section 5.3 as follows:
7 (20 ILCS 655/5.3) (from Ch. 67 1/2, par. 608)
8 Sec. 5.3. Certification of Enterprise Zones; Effective
9 date.
10 (a) Approval of designated Enterprise Zones shall be
11 made by the Department by certification of the designating
12 ordinance. The Department shall promptly issue a certificate
13 for each Enterprise Zone upon its approval. The certificate
14 shall be signed by the Director of the Department, shall make
15 specific reference to the designating ordinance, which shall
16 be attached thereto, and shall be filed in the office of the
17 Secretary of State. A certified copy of the Enterprise Zone
18 Certificate, or a duplicate original thereof, shall be
19 recorded in the office of recorder of deeds of the county in
20 which the Enterprise Zone lies.
21 (b) An Enterprise Zone shall be effective upon its
22 certification. The Department shall transmit a copy of the
23 certification to the Department of Revenue, and to the
24 designating municipality or county.
25 Upon certification of an Enterprise Zone, the terms and
26 provisions of the designating ordinance shall be in effect,
27 and may not be amended or repealed except in accordance with
28 Section 5.4.
29 (c) An Enterprise Zone shall be in effect for 30 20
30 calendar years, or for a lesser number of years specified in
31 the certified designating ordinance. Enterprise Zones shall
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1 terminate at midnight of December 31 of the final calendar
2 year of the certified term, except as provided in Section
3 5.4.
4 (d) No more than 12 Enterprise Zones may be certified by
5 the Department in calendar year 1984, no more than 12
6 Enterprise Zones may be certified by the Department in
7 calendar year 1985, no more than 13 Enterprise Zones may be
8 certified by the Department in calendar year 1986, no more
9 than 15 Enterprise Zones may be certified by the Department
10 in calendar year 1987, and no more than 20 Enterprise Zones
11 may be certified by the Department in calendar year 1990. In
12 other calendar years, no more than 13 Enterprise Zones may be
13 certified by the Department. The Department may also
14 designate up to 8 additional Enterprise Zones outside the
15 regular application cycle if warranted by the extreme
16 economic circumstances as determined by the Department. The
17 Department may also designate one additional Enterprise Zone
18 outside the regular application cycle if an aircraft
19 manufacturer agrees to locate an aircraft manufacturing
20 facility in the proposed Enterprise Zone. Notwithstanding
21 any other provision of this Act, no more than 89 Enterprise
22 Zones may be certified by the Department for the 10 calendar
23 years commencing with 1983. The 7 additional Enterprise Zones
24 authorized by Public Act 86-15 shall not lie within
25 municipalities or unincorporated areas of counties that abut
26 or are contiguous to Enterprise Zones certified pursuant to
27 this Section prior to June 30, 1989. The 7 additional
28 Enterprise Zones (excluding the additional Enterprise Zone
29 which may be designated outside the regular application
30 cycle) authorized by Public Act 86-1030 shall not lie within
31 municipalities or unincorporated areas of counties that abut
32 or are contiguous to Enterprise Zones certified pursuant to
33 this Section prior to February 28, 1990. In any calendar
34 year, the Department may not certify more than 3 Zones
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1 located within the same municipality. The Department may
2 certify Enterprise Zones in each of the 10 calendar years
3 commencing with 1983. The Department may not certify more
4 than a total of 18 Enterprise Zones located within the same
5 county (whether within municipalities or within
6 unincorporated territory) for the 10 calendar years
7 commencing with 1983. Thereafter, the Department may not
8 certify any additional Enterprise Zones, but may amend and
9 rescind certifications of existing Enterprise Zones in
10 accordance with Section 5.4.
11 (Source: P.A. 86-15; 86-1030; 86-1175; 86-1456; 87-435;
12 87-1177.)
13 Section 99. Effective date. This Act takes effect upon
14 becoming law.