HB 3478

  • Illinois House Bill
  • 93rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

State Econ Assistance Refund

Abstract

Creates the State Economic Assistance Accountability Act. States the requirements for State economic assistance in the form of tax credits, tax exemptions, grants, and loans provided to business organizations by DCCA. Provides that such assistance must be based on a written incentive agreement, and requires that such an agreement contain certain provisions concerning the consequences of a business organization's failure to make the requisite level of capital investment or to create or retain the specified number of jobs within the specified time period. Provides that the Act applies to all State economic assistance given by DCCA on or after the Act's effective date. Effective immediately.

Bill Sponsors (1)

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Actions


Jan 11, 2005

House

Session Sine Die

Mar 13, 2003

House

Rule 19(a) / Re-referred to Rules Committee

Mar 05, 2003

House

Assigned to Commerce and Business Development Committee

Feb 28, 2003

House

Filed with the Clerk by Rep. Jim Watson

House

First Reading

House

Referred to Rules Committee

Bill Text

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