104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB1838

 

Introduced 2/5/2025, by Sen. Chapin Rose

 

SYNOPSIS AS INTRODUCED:
 
20 ILCS 715/15

    Amends the Corporate Accountability for Tax Expenditures Act. Provides that if an applicant is seeking development assistance for a project that is a new office construction or office relocation that retains at least 100 jobs in the county in which the project is located or is being relocated to and the county has more than 25,000 residents but less than 50,000 residents, the applicant shall be eligible for development assistance under the Department of Transportation's Economic Development Program.


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A BILL FOR

 

SB1838LRB104 09230 HLH 19287 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Corporate Accountability for Tax
5Expenditures Act is amended by changing Section 15 as follows:
 
6    (20 ILCS 715/15)
7    Sec. 15. Standardized applications for State development
8assistance.
9    (a) All final applications submitted to the Department or
10any other State granting body requesting development
11assistance shall contain, at a minimum:
12        (1) An application tracking number that is specific to
13    both the State granting agency and to each application.
14        (2) The office mailing addresses, office telephone
15    number, and chief officer of the granting body.
16        (3) The office mailing address, telephone number,
17    4-digit SIC number or successor number, and the name of
18    the chief officer of the applicant or authorized designee
19    for the specific project site for which development
20    assistance is requested.
21        (4) The applicant's total number of employees at the
22    specific project site on the date that the application is
23    submitted to the State granting body, including the number

 

 

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1    of full-time, permanent jobs, the number of part-time
2    jobs, and the number of temporary jobs.
3        (5) The type of development assistance and value of
4    assistance being requested.
5        (6) The number of jobs to be created and retained or
6    both created and retained by the applicant as a result of
7    the development assistance, including the number of
8    full-time, permanent jobs, the number of part-time jobs,
9    and the number of temporary jobs.
10        (7) A detailed list of the occupation or job
11    classifications and number of new employees or retained
12    employees to be hired in full-time, permanent jobs, a
13    schedule of anticipated starting dates of the new hires
14    and the anticipated average wage by occupation or job
15    classification and total payroll to be created as a result
16    of the development assistance.
17        (8) A list of all other forms of development
18    assistance that the applicant is requesting for the
19    specific project site and the name of each State granting
20    body from which that development assistance is being
21    requested.
22        (9) A narrative, if necessary, describing why the
23    development assistance is needed and how the applicant's
24    use of the development assistance may reduce employment at
25    any site in Illinois.
26        (10) A certification by the chief officer of the

 

 

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1    applicant or his or her authorized designee that the
2    information contained in the application submitted to the
3    granting body contains no knowing misrepresentation of
4    material facts upon which eligibility for development
5    assistance is based.
6    (b) Every State granting body either shall complete, or
7shall require the applicant to complete, an application form
8that meets the minimum requirements as prescribed in this
9Section each time an applicant applies for development
10assistance covered by this Act.
11    (c) The Department shall have the discretion to modify any
12standardized application for State development assistance
13required under subsection (a) for any grants under the
14Industrial Training Program that are not given as an incentive
15to a recipient business organization.
16    (d) If the applicant is seeking development assistance for
17a project that is a new office construction or office
18relocation that retains at least 100 jobs in the county in
19which the project is located or is being relocated to and the
20county has more than 25,000 residents but less than 50,000
21residents, the applicant shall be eligible for development
22assistance under the Department of Transportation's Economic
23Development Program.
24(Source: P.A. 93-552, eff. 8-20-03.)