Michael W. Frerichs
- Democratic
Primary
Creates the Emerging Technology Industries Act. Requires the Department of Commerce and Economic Opportunity to establish and maintain a program to award grants to emerging-technology enterprises in the State. Sets forth eligibility requirements and funding priorities for awarding the grants, and sets forth procedures for awarding the grants. Requires written contracts in which the emerging-technology enterprise guarantees that it will perform the actions expected to be performed. Sets dollar limits on matching funds for federal Small Business Innovative Research (SBIR) grants and total grant matching funds per year. Limits total credits to $15,000,000 in any one State fiscal year. Amends the State Finance Act to create the Emerging Technology Grant Fund. Amends the Illinois Income Tax Act. Creates an income tax credit for qualified investors who make an investment in an emerging technology enterprise in the State. Provides that the Department of Commerce and Economic Opportunity must certify the amount of the credit and sets forth the procedures for the application and certification of the credit. Sets forth provisions for the revocation and recapture of the tax credit. Contains other provisions. Effective immediately.
Session Sine Die
Added Alternate Co-Sponsor Rep. Timothy L. Schmitz
Added Alternate Co-Sponsor Rep. Fred Crespo
Added as Co-Sponsor Sen. A. J. Wilhelmi
Added Alternate Co-Sponsor Rep. William D. Burns
Rule 19(a) / Re-referred to Rules Committee
Final Action Deadline Extended-9(b) May 31, 2009
Added Alternate Co-Sponsor Rep. Al Riley
Final Action Deadline Extended-9(b) May 29, 2009
Added Alternate Co-Sponsor Rep. Sidney H. Mathias
Added Alternate Co-Sponsor Rep. Careen M. Gordon
Added Alternate Co-Sponsor Rep. Michael J. Zalewski
Added Alternate Co-Sponsor Rep. Robert F. Flider
Added Alternate Co-Sponsor Rep. Eddie Washington
Assigned to Revenue & Finance Committee
Rule 19(a) / Re-referred to Rules Committee
Added Alternate Co-Sponsor Rep. Elizabeth Coulson
Added Alternate Co-Sponsor Rep. Kay Hatcher
Added Alternate Co-Sponsor Rep. Jim Watson
Added Alternate Co-Sponsor Rep. Randy Ramey, Jr.
Added Alternate Co-Sponsor Rep. Angelo Saviano
Added Alternate Co-Sponsor Rep. Michael P. McAuliffe
Added Alternate Co-Sponsor Rep. William Davis
Added Alternate Co-Sponsor Rep. Kathleen A. Ryg
Added Alternate Co-Sponsor Rep. Julie Hamos
Added Alternate Co-Sponsor Rep. David E. Miller
Added Alternate Co-Sponsor Rep. Naomi D. Jakobsson
Added Alternate Co-Sponsor Rep. Jehan A. Gordon
Added Alternate Co-Sponsor Rep. Jim Durkin
Added Alternate Co-Sponsor Rep. Karen May
Added Alternate Co-Sponsor Rep. Lou Lang
Added Alternate Co-Sponsor Rep. Karen A. Yarbrough
Added Alternate Co-Sponsor Rep. Ronald A. Wait
Added Alternate Co-Sponsor Rep. Kevin Joyce
Added Alternate Co-Sponsor Rep. John A. Fritchey
Added Alternate Chief Co-Sponsor Rep. Maria Antonia Berrios
Assigned to Revenue & Finance Committee
Added Alternate Co-Sponsor Rep. Michael W. Tryon
Added Alternate Co-Sponsor Rep. Dave Winters
Added Alternate Co-Sponsor Rep. Annazette Collins
Added Alternate Co-Sponsor Rep. Sara Feigenholtz
Added Alternate Chief Co-Sponsor Rep. Mark L. Walker
Added Alternate Chief Co-Sponsor Rep. Mike Fortner
Alternate Chief Sponsor Changed to Rep. Susana A. Mendoza
Referred to Rules Committee
First Reading
Added Alternate Chief Co-Sponsor Rep. Keith Farnham
Chief House Sponsor Rep. Keith Farnham
Added as Co-Sponsor Sen. Jeffrey M. Schoenberg
Placed on Calendar Order of First Reading
Arrived in House
Third Reading - Passed; 054-000-000
Added as Co-Sponsor Sen. Kirk W. Dillard
Added as Co-Sponsor Sen. Heather Steans
Added as Co-Sponsor Sen. Pamela J. Althoff
Added as Chief Co-Sponsor Sen. Susan Garrett
Added as Chief Co-Sponsor Sen. Linda Holmes
Placed on Calendar Order of 3rd Reading March 25, 2009
Second Reading
Do Pass Revenue; 009-000-000
Placed on Calendar Order of 2nd Reading March 10, 2009
Added as Co-Sponsor Sen. Louis S. Viverito
Added as Chief Co-Sponsor Sen. Chris Lauzen
Added as Co-Sponsor Sen. Matt Murphy
Added as Co-Sponsor Sen. Randall M. Hultgren
Assigned to Revenue
Added as Chief Co-Sponsor Sen. Dan Kotowski
Referred to Assignments
Filed with Secretary by Sen. Michael W. Frerichs
First Reading
| Bill Text Versions | Format |
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| Introduced | HTML |
| Engrossed | HTML |
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| No related documents. |
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