90th General Assembly
Summary of HB1627
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BUS USE-LARGE SCALE DVLPMNT                                                

Synopsis of Bill as introduced:
        Creates the Business Use Incentives for  Large-Scale  Development      
   Act.  Provides  that  an  eligible  industry that invests a minimum of      
   $15,000,000, or $10,000,000 for an office  industry,  and  creates  at      
   least  100  new  jobs, or at least 500 jobs for an office industry, in      
   the State may apply for incentives, including tax credits in an amount      
   not to exceed 5% of the gross wages paid to the new employees  of  the      
   industry,  as  part  of  an  economic  development project through the      
   Department  of  Commerce  and  Community   Affairs.   Authorizes   the      
   Department to enter into financing agreements with eligible industries      
   it  selects  to  receive  the incentives. Provides that the Department      
   shall select eligible  industries  and  award  credits  based  on  the      
   positive economic benefits they will bring to the communities in which      
   they   will   be  located  and  the  State.  Authorizes  the  Illinois      
   Development Finance Authority, in cooperation with the Department,  to      
   issue  up  to $35,000,000 in bonds to finance the economic development      
   projects. Authorizes the Department to work  with  the  Department  of      
   Revenue  in  determining the credit received by the eligible industry.      
   Requires an annual evaluation of  the  economic  development  project.      
   Amends  the  Illinois  Income  Tax  Act  to  create  the  Business Use      
   Incentives for Large-Scale Development tax credit.  Exempts the credit      
   from the sunset provisions.                                                 
          FISCAL NOTE (DCCA)                                                   
          HB1627 will cost $240,000 for operational expenses and will          
          have a $500,000 increase in revenues and expenditures from the       
          new special project fund for each executed project.                  
          STATE MANDATES FISCAL NOTE                                           
          HB1627 fails to meet the definition of a State mandate.              
        HOUSE AMENDMENT NO. 1.                                                 
          Adds reference to:                                                   
          New Act                                                              
          30 ILCS 105/5.449 new                                                
        Deletes everything.   Creates  the  Economic  Development  for  a      
   Growing  Economy  Tax  Credit  Act.   Provides  that the Department of      
   Commerce  and  Community  Affairs  (DCCA),  in  cooperation  with  the      
   Department of Revenue, shall grant tax credits against Illinois income      
   tax liability to applicants creating  new  jobs  in  Illinois  if  the      
   applicant's  project  to  create  new  jobs  meets  certain  criteria,      
   including  the  creation  of  100  new  full-time  jobs  in  Illinois.      
   Provides  that  DCCA  shall  enter into agreements with the qualifying      
   applicants.  Provides that credit awards under the Act shall  be  used      
   for  certain  purposes,  including  capital investment, infrastructure      
   development, debt service, research and development, job training  and      
   education, lease costs, or relocation costs.  Provides that DCCA shall      
   determine  the  duration  and amount of the credit.  Provides that the      
   duration may not exceed 15 taxable years.  Provides  that  the  credit      
   may  be  stated  as  a  percentage  of  the  new employees' income tax      
   withholdings attributable to the applicant's project and may include a      
   fixed dollar limitation.  Provides that  if  the    Director  of  DCCA      
   determines  that an applicant is in noncompliance with the  provisions      
   of  this Act, the Director shall notify the taxpayer  of  the  alleged      
   noncompliance  and  allow  the  taxpayer  a  reasonable opportunity to      
   explain the noncompliance.  Provides that if  after  this  period  the      
   Director  determines  the  applicant  is  still  in noncompliance, the      
   Director shall instruct the Department of Revenue to issue a notice of      
   deficiency to the taxpayer.  Requires the Director to submit an annual      
   report on the tax credit program under this Act to  the  Governor  and      
   the  General  Assembly.    Requires  DCCA  to  evaluate the tax credit      
   program biennially and submit their findings to the Governor  and  the      
   General Assembly.  Provides that DCCA may adopt rules to implement the      
   provisions  of  the Act, including charging a fee to recipients of tax      
   credit awards for administration of the tax credit program.   Provides      
   that  the  charges  collected,  if  any,  shall  be deposited into the      
   Economic Development for a Growing Economy  Fund.   Amends  the  State      
   Finance Act to create the Fund.  Amends the Illinois Income Tax Act to      
   create  the  Economic  Development  for  a Growing Economy Tax Credit.      
   Exempts the credit from the  sunset provisions.                             
        SENATE AMENDMENT NO. 2.                                                
          Deletes reference to:                                                
          New Act                                                              
          30 ILCS 105/5.449 new                                                
          35 ILCS 5/211 new                                                    
          Adds reference to:                                                   
          New Act                                                              
          5 ILCS 120/1.02                 from Ch. 102, par. 41.02             
          5 ILCS 140/7                    from Ch. 116, par. 207               
          5 ILCS 420/3-101 rep.                                                
        Deletes everything.  Creates the State Gift Ban  Act.   Prohibits      
   legislators,  State  Officers  and employees, judges, and employees of      
   governmental entities, including home rule units, and school districts      
   from soliciting or receiving  gifts  from  a  person  or  entity  with      
   interests  affected  by  government.  Provides specific exceptions and      
   allows a governmental  entity  to  adopt  or  maintain  policies  more      
   restrictive  than the Act. Requires the designation of ethics officers      
   to provide guidance under the Act and review  statements  of  economic      
   interests. Creates ethics commissions within each branch of government      
   with  6 commissioners appointed to each commission and not more than 3      
   members of the same political party on each commission.  Provides that      
   the Governor shall appoint the commissioners to the  executive  ethics      
   commission, the legislative leaders shall appoint the commissioners to      
   the  legislative  ethics  commission,  and  the  Chief  Justice of the      
   Supreme Court shall, with the concurrence of  3  other  Supreme  Court      
   judges,  appoint  the commissioners to the judicial ethics commission.      
   Provides certain powers and procedures  enabling  the  commissions  to      
   hear  complaints  alleging  violations  of  the  Act.  Provides that a      
   commission may issue recommendations prescribing certain  disciplinary      
   action  to  the  violator's  ultimate jurisdictional authority and may      
   impose a fine. Provides that a commission may refer  a  recommendation      
   and the accompanying  documents generated from the complaint procedure      
   to  the  Department of State Police or other law enforcement entity or      
   to a prosecutorial, investigatory, disciplinary,  or  similar  entity.      
   Provides  that  a  violation  of  the  Act  is  a Class A misdemeanor.      
   Preempts home rule. Amends the Open Meetings Act and  the  Freedom  of      
   Information  Act  to  exempt  from  their  provisions  a  commission's      
   proceedings and documents. Amends the Illinois Governmental Ethics Act      
   to delete the provision concerning a gift prohibition for legislators.      
   Effective January 1, 1998.                                                  
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   1


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