SB 3688

  • Illinois Senate Bill
  • 97th Regular Session
  • Introduced in Senate Apr 26, 2012
  • Passed Senate Apr 26, 2012
  • House
  • Governor

Enterprise Zone-Extension

Abstract

Amends the Illinois Enterprise Zone Act. Provides that an area is qualified to become an enterprise zone if it comprises not more than 18 square miles (now, 12 square miles). Provides that an enterprise zone shall be in effect for 55 years (now, 30 years). Authorizes the Department of Commerce and Economic Opportunity to certify an additional 10 enterprise zones between January 1, 2013 and December 31, 2022. Requires each Zone Administrator to post a copy of the enterprise zone boundaries on its website and to collect and aggregate certain information. Amends the Corporate Accountability for Tax Expenditures Act. Changes the definitions of "full-time, permanent job" and "retained employee". Amends the Illinois Income Tax Act. Eliminates the job tax credit for a taxpayer conducting business operations in an enterprise zone. Eliminates the deduction for dividends that were paid by a corporation which conducts business operations in an enterprise zone. Eliminates the deduction for interest income from a loan or loans secured by property which is eligible for the Enterprise Zone Investment Credit. Effective immediately.

Bill Sponsors (17)

Votes


Actions


Jan 08, 2013

Senate

Session Sine Die

May 09, 2012

House

Chair Rules Motion Out of Order

House

Appeal Ruling of Chair Rep. Dennis M. Reboletti

House

Chair Rules Motion Out of Order

House

Motion Discharge Committee Lost

House

Motion Filed to Discharge Rules Committee Rep. Dennis M. Reboletti

May 02, 2012

House

Added Alternate Co-Sponsor Rep. Rich Brauer

May 01, 2012

House

Added Alternate Co-Sponsor Rep. Jim Sacia

House

Added Alternate Co-Sponsor Rep. Wayne Rosenthal

House

Added Alternate Co-Sponsor Rep. Jason Barickman

House

Added Alternate Co-Sponsor Rep. Donald L. Moffitt

House

Added Alternate Co-Sponsor Rep. Brad E. Halbrook

House

Added Alternate Co-Sponsor Rep. Dwight Kay

House

Added Alternate Co-Sponsor Rep. Norine Hammond

House

Added Alternate Co-Sponsor Rep. Chad Hays

Apr 30, 2012

House

Added Alternate Co-Sponsor Rep. Jim Watson

House

Added Alternate Co-Sponsor Rep. Robert W. Pritchard

Apr 27, 2012

House

Added Alternate Co-Sponsor Rep. Jil Tracy

House

Added Alternate Co-Sponsor Rep. Paul Evans

House

Added Alternate Co-Sponsor Rep. Joe Sosnowski

House

Added Alternate Co-Sponsor Rep. Pam Roth

House

Added Alternate Co-Sponsor Rep. Bill Mitchell

House

Added Alternate Chief Co-Sponsor Rep. Michael Unes

House

Added Alternate Chief Co-Sponsor Rep. Richard Morthland

House

Added Alternate Chief Co-Sponsor Rep. John D. Cavaletto

House

Added Alternate Chief Co-Sponsor Rep. Adam Brown

Apr 26, 2012

House

Placed on Calendar Order of First Reading

Senate

Third Reading - Passed; 055-000-000

House

Arrived in House

House

Chief House Sponsor Rep. Ed Sullivan, Jr.

House

First Reading

House

Referred to Rules Committee

Apr 25, 2012

Senate

Placed on Calendar Order of 3rd Reading April 26, 2012

Senate

Second Reading

Apr 19, 2012

Senate

Placed on Calendar Order of 2nd Reading April 24, 2012

Senate

Do Pass Enterprise Zone Extensions; 006-000-000

Apr 17, 2012

Senate

Added as Co-Sponsor Sen. Gary Forby

Mar 30, 2012

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As April 26, 2012

Mar 28, 2012

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Mar 26, 2012

Senate

Added as Co-Sponsor Sen. Mike Jacobs

Mar 21, 2012

Senate

Added as Co-Sponsor Sen. Pat McGuire

Senate

Re-assigned to Enterprise Zone Extensions

Senate

Re-referred to Assignments

Mar 09, 2012

Senate

Rule 2-10 Committee Deadline Established As March 30, 2012

Mar 08, 2012

Senate

Assigned to Local Government

Feb 28, 2012

Senate

Added as Co-Sponsor Sen. Linda Holmes

Feb 27, 2012

Senate

Added as Co-Sponsor Sen. Shane Cultra

Feb 21, 2012

Senate

Added as Co-Sponsor Sen. Dave Syverson

Feb 15, 2012

Senate

Added as Co-Sponsor Sen. Kyle McCarter

Feb 10, 2012

Senate

Referred to Assignments

Senate

First Reading

Senate

Chief Co-Sponsor Sen. David Koehler

Senate

Chief Co-Sponsor Sen. Sue Rezin

Senate

Chief Co-Sponsor Sen. Toi W. Hutchinson

Senate

Chief Co-Sponsor Sen. Pamela J. Althoff

Senate

Filed with Secretary by Sen. Michael W. Frerichs

Bill Text

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Sources

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