92nd General Assembly
Summary of SB1542
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Senate Sponsors:
SIEBEN AND JACOBS.

House Sponsors:
MITCHELL,JERRY-BOLAND-MAUTINO

Short description: 
ENTERPRISE ZONE-END DATE                                                   

Synopsis of Bill as introduced:
        Amends the Illinois Enterprise Zone Act. In  provisions  limiting      
   enterprise  zones to 30 years or the time specified in the designating      
   ordinance, removes  a  provision  that  the  Whiteside  County/Carroll      
   County Enterprise Zone, solely with respect to industrial purposes and      
   uses,  shall be in effect for 30 calendar years or as specified in the      
   designating ordinance. Amends the Public Utilities Act.  Changes  from      
   20 years to 30 years the period during which an exemption from some or      
   all  of  certain  utility  taxes  may  be granted by the Department of      
   Commerce and  Community  Affairs  (DCCA)  for  a  business  enterprise      
   located  in an enterprise zone or a federally designated foreign trade      
   zone  or  sub-zone.  Removes  a  provision  allowing  DCCA  to  exempt      
   businesses in the Whiteside County/Carroll County Enterprise Zone from      
   some or all of the taxes, solely with respect to  industrial  purposes      
   and uses, for 30 years.                                                     
        SENATE AMENDMENT NO. 1.                                                
        Provides that the period during which the Department of  Commerce      
   and  Community  Affairs  may exempt customers from the taxes on public      
   utilities shall not exceed 30 years  or  the  certified  term  of  the      
   enterprise zone, whichever period is shorter (now, 30 years).               
 
Last action on Bill: PUBLIC ACT.............................. 92-0777

   Last action date: AUG-06-2002

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


   END OF INQUIRY 



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