HB 4747

  • Illinois House Bill
  • 94th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Dceo-Business Loctn Incentives

Abstract

Creates the Business Location Efficiency Incentive Act. Authorizes companies applying to the Department of Commerce and Economic Opportunity for certain economic development assistance tax credits to seek increased or extended tax credits if (i) the company's proposed project site is located in an area that capitalizes upon affordable workforce housing or accessible mass transit, (ii) the company submits to the Department an approved remediation plan to improve housing or access to mass transit, or (iii) the company's project is located in labor surplus areas. Provides for the Department's awarding of such incentives. Repeals the Act on December 31, 2010.

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Jan 09, 2007

House

Session Sine Die

Jan 18, 2006

House

First Reading

House

Referred to Rules Committee

Jan 13, 2006

House

Filed with the Clerk by Rep. Kathleen A. Ryg

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