92nd General Assembly
Summary of HB0282
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House Sponsors:
GARRETT-MILLER-BOLAND-OSTERMAN-SCHOENBERG.

Senate Sponsors:
LINK-GEO-KARIS-PETERSON

Short description: 
ENTPRS ZONE-WAUKGN-N CHIGO-ZIO                                             

Synopsis of Bill as introduced:
        Amends the Illinois  Enterprise  Zone  Act.   Provides  that  the      
   territorial  jurisdiction  of Waukegan, North Chicago, and Zion may be      
   designated as an enterprise zone.                                           
        HOUSE AMENDMENT NO. 1.                                                 
        Further amends the Illinois Enterprise Zone Act.   Provides  that      
   an  enterprise  zone  may  be  created by the corporate authorities of      
   Waukegan, North Chicago, and Zion in territory that is located  within      
   the  territorial  jurisdiction  of those municipalities and that meets      
   all of the qualifications for enterprise zones under the Act. Provides      
   that the creation of that enterprise zone is subject  to  approval  by      
   the Director of Commerce and Community Affairs.                             
          STATE DEBT NOTE (Economic and Fiscal Commission)                     
          HB 282 would not affect the bonding authorization of the State,      
          and, therefore, has no direct impact on the level of State           
          indebtedness.                                                        
          STATE DEBT NOTE, H-AM 1 (Economic and Fiscal Commission)             
          Same as previous note.                                               
          FISCAL NOTE, H-AM 1                                                  
          (Department of Commerce and Community Affairs)                       
          Because the number of new enterprise zones resulting from this       
          legislation is unknown, a reasonable estimate of the fiscal          
          impact on the Department cannot be made at this time. In addi-       
          tion, there will be an unknown amount of tax revenue loss to         
          the State due to new enterprise zones.                               
          FISCAL NOTE, H-AM 3                                                  
          (Department of Commerce and Community Affairs)                       
          The fiscal impact to certify and monitor new enterprise zones        
          is estimated to be up to $300 each time an enterprise zone is        
          established or amended. In addition, there will be an unknown        
          tax revenue loss to the State due to new enterprise zones.           
        HOUSE AMENDMENT NO. 2.                                                 
        Changes "zone" to "zones".                                             
        HOUSE AMENDMENT NO. 3.                                                 
          Deletes reference to:                                                
          20 ILCS 655/4.1 new                                                  
          Adds reference to:                                                   
          20 ILCS 655/5.3                 from Ch. 67 1/2, par. 608            
        Deletes everything.  Amends the  Illinois  Enterprise  Zone  Act.      
   Provides  that in 2002 and thereafter, 5 enterprise zones, in addition      
   to  those  enterprise  zones  currently  authorized  by  law,  may  be      
   certified by the Department of Commerce and Community Affairs.              
        HOUSE AMENDMENT NO. 4.                                                 
          Deletes reference to:                                                
          20 ILCS 655/4.1 new                                                  
          Adds reference to:                                                   
          20 ILCS 655/5.3                 from Ch. 67 1/2, par. 608            
        Deletes everything.  Amends the  Illinois  Enterprise  Zone  Act.      
   Provides  that  in  2002  and  until  December  31, 2006, a total of 5      
   enterprise zones, in addition  to  those  enterprise  zones  currently      
   authorized  by law, may be certified by the Department of Commerce and      
   Community Affairs.                                                          
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   4     SENATE -   0


   END OF INQUIRY 
                                                                               



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