Terry Link
- Democratic
Cosponsor
Creates the Illinois Innovation Zone Act. Specifies the criteria for an area to qualify as an Innovation Zone. Contains provisions concerning the creation of Zones by a municipality or county. Contains provisions concerning the application of a county or municipality to the Department of Commerce and Economic Opportunity for certification of a Zone. Contains provisions concerning the amendment and decertification of Zones. Contains provisions concerning the adoption of tax increment financing. Specifies the powers and duties of the Department. Contains provisions concerning State incentives regarding public services and physical infrastructure. Contains provisions concerning Zone administration. Contains provisions concerning (1) income tax deductions, and (2) State and local regulatory alternatives. Contains provisions concerning loans made under specified provisions of the Act. Amends the State Finance Act to create the Innovation Zone Loan Fund as a special fund in the State treasury and specifies the purpose of the Fund. Contains provisions concerning (1) the construction of specified provisions of the Act, (2) the confidentiality of specified materials, (3) the annual report from the Department to specified parties, and (4) the use of federal moneys. Creates the Illinois Innovation Council and specifies its responsibilities, powers, and duties. Amends the Illinois Income Tax Act and the Economic Development for a Growing Economy Tax Credit Act to add provisions concerning tax credits for businesses located in a Zone. Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act to add specified exemptions concerning Zones.
Public Act . . . . . . . . . 96-1418
Effective Date August 2, 2010
Governor Approved
Sent to the Governor
Added Alternate Co-Sponsor Rep. Deborah Mell
House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 010-002-000
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 010-002-000
Added as Co-Sponsor Sen. Antonio Muñoz
Added Alternate Co-Sponsor Rep. John A. Fritchey
Added Alternate Co-Sponsor Rep. Harry Osterman
Added Alternate Co-Sponsor Rep. Sara Feigenholtz
House Floor Amendment No. 2 Filed with Clerk by Rep. Barbara Flynn Currie
House Floor Amendment No. 2 Referred to Rules Committee
House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 003-001-000
Added Alternate Co-Sponsor Rep. Karen May
Added Alternate Co-Sponsor Rep. Carol A. Sente
Added Alternate Co-Sponsor Rep. Lou Lang
Added Alternate Co-Sponsor Rep. Elaine Nekritz
Added Alternate Co-Sponsor Rep. Robyn Gabel
Added as Chief Co-Sponsor Sen. Kwame Raoul
House Floor Amendment No. 2 Motion to Concur Assignments Referred to Executive
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
House Floor Amendment No. 2 Motion to Concur Referred to Assignments
House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Terry Link
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Terry Link
Chief Sponsor Changed to Sen. Terry Link
Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 6, 2010
Secretary's Desk - Concurrence House Amendment(s) 1, 2
Third Reading - Short Debate - Passed 107-010-000
Placed on Calendar Order of 3rd Reading - Short Debate
House Floor Amendment No. 2 Adopted by Voice Vote
Recalled to Second Reading - Short Debate
Added Alternate Co-Sponsor Rep. Eddie Lee Jackson, Sr.
Added Alternate Co-Sponsor Rep. Esther Golar
Passed Both Houses
House Floor Amendment No. 2 Senate Concurs 054-004-000
House Committee Amendment No. 1 Senate Concurs 054-004-000
Added as Co-Sponsor Sen. M. Maggie Crotty
Added as Co-Sponsor Sen. Jeffrey M. Schoenberg
Added as Co-Sponsor Sen. Donne E. Trotter
Added as Co-Sponsor Sen. Michael Bond
Added as Co-Sponsor Sen. Mattie Hunter
Added as Chief Co-Sponsor Sen. Ira I. Silverstein
Added Alternate Co-Sponsor Rep. John D'Amico
House Committee Amendment No. 1 Filed with Clerk by Executive Committee
House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
Do Pass as Amended / Short Debate Executive Committee; 011-000-000
Placed on Calendar 2nd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Alternate Chief Co-Sponsor Removed Rep. Mike Fortner
Added Alternate Chief Co-Sponsor Rep. Joseph M. Lyons
Added Alternate Chief Co-Sponsor Rep. Sidney H. Mathias
Alternate Chief Co-Sponsor Removed Rep. Al Riley
Added Alternate Co-Sponsor Rep. Al Riley
Added Alternate Chief Co-Sponsor Rep. Mark L. Walker
Added Alternate Co-Sponsor Rep. Fred Crespo
Added Alternate Co-Sponsor Rep. Monique D. Davis
Added Alternate Co-Sponsor Rep. Kenneth Dunkin
Added Alternate Co-Sponsor Rep. Maria Antonia Berrios
Added Alternate Co-Sponsor Rep. Elizabeth Hernandez
Added Alternate Co-Sponsor Rep. Cynthia Soto
Added Alternate Chief Co-Sponsor Rep. Greg Harris
Committee/Final Action Deadline Extended-9(b) May 8, 2010
Added Alternate Chief Co-Sponsor Rep. Mike Fortner
Committee Deadline Extended-Rule 9(b) April 30, 2010
Assigned to Executive Committee
Added Alternate Chief Co-Sponsor Rep. Al Riley
Sponsor Removed Sen. Terry Link
First Reading
Placed on Calendar Order of First Reading
Chief House Sponsor Rep. Barbara Flynn Currie
Referred to Rules Committee
Added as Co-Sponsor Sen. Linda Holmes
Added as Co-Sponsor Sen. Deanna Demuzio
Added as Chief Co-Sponsor Sen. Emil Jones, III
Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
Arrived in House
Third Reading - Passed; 053-000-000
Added as Co-Sponsor Sen. Ira I. Silverstein
Added as Co-Sponsor Sen. Terry Link
Added as Co-Sponsor Sen. Jacqueline Y. Collins
Added as Co-Sponsor Sen. Heather Steans
Added as Co-Sponsor Sen. Toi W. Hutchinson
Added as Co-Sponsor Sen. John M. Sullivan
Added as Co-Sponsor Sen. A. J. Wilhelmi
Added as Co-Sponsor Sen. William R. Haine
Placed on Calendar Order of 3rd Reading March 11, 2010
Second Reading
Do Pass Commerce; 006-001-001
Placed on Calendar Order of 2nd Reading March 9, 2010
Assigned to Commerce
First Reading
Referred to Assignments
Filed with Secretary by Sen. Michael Bond
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 002 | |
| House Amendment 001 |
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