Date	Chamber	Action
8/6/2004	House	Public Act . . . . . . . . . 93-0882

Statutes Amended In Order of Appearance

35 ILCS 10/5-25

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the Business Investment Committee of the Illinois Economic Development Board, in its review of applications for tax credits under the Act, shall give favorable consideration to the following factors: (i) the investment is proposed in a location that is within a reasonable distance of affordable housing; (ii) the investment is proposed in a location that has an available workforce within a reasonable distance so that employees do not have long commutes to work; and (iii) the investment is proposed in a community that is experiencing slow growth. Effective immediately.

	Housing Affordability Impact Note (Housing Development Authority)
	While proximity to businesses may increase the value of single-family homes, the effect of HB 4285 on purchasing, owning, or selling a single-family residence cannot be determined due to other factors determining affordability.

	Fiscal Note (Department of Commerce and Economic Opportunity)
	House Bill 4285 is estimated to have no fiscal impact on the Department of Commerce and Economic Opportunity. This fiscal note does not address any potential impact on state tax revenue as a result of the proposed changes.

House Amendment No. 1

	Deletes reference to:
	35 ILCS 10/5-25

	Adds reference to:
	35 ILCS 10/5-20

Deletes everything after the enacting clause. Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that a business that has 100 employees or fewer may qualify for Credits under the Act if the applicant's project involves an investment of at least $1,000,000 in capital improvements to be placed in service and to employ at least 5 New Employees within the State as a direct result of the project.

Actions 

Date	Chamber	Action
1/30/2004	House	Filed with the Clerk by Rep. Robin Kelly
1/30/2004	House	First Reading
1/30/2004	House	Referred to Rules Committee
2/18/2004	House	Assigned to Housing and Urban Development Committee
2/20/2004	House	Chief Co-Sponsor Rep. William Davis
2/20/2004	House	Added Chief Co-Sponsor Rep. Karen A. Yarbrough
2/25/2004	House	Housing Affordability Impact Note Filed
3/2/2004	House	Fiscal Note Filed
3/3/2004	House	Do Pass / Standard Debate Housing and Urban Development Committee; 011-009-000
3/3/2004	House	Placed on Calendar 2nd Reading - Standard Debate
3/4/2004	House	Added Chief Co-Sponsor Rep. Monique D. Davis
3/24/2004	House	Added Co-Sponsor Rep. William Delgado
3/24/2004	House	Added Co-Sponsor Rep. Lovana Jones
3/24/2004	House	Sponsor Removed Rep. William Delgado
3/30/2004	House	House Amendment No. 1 Filed with Clerk by Rep. Robin Kelly
3/30/2004	House	House Amendment No. 1 Referred to Rules Committee
3/31/2004	House	House Amendment No. 1 Rules Refers to Commerce and Business Development Committee
3/31/2004	House	Second Reading - Standard Debate
3/31/2004	House	Held on Calendar Order of Second Reading - Standard Debate
4/1/2004	House	House Amendment No. 1 Recommends Be Adopted Commerce and Business Development Committee; 017-000-000
4/1/2004	House	Added Chief Co-Sponsor Rep. David E. Miller
4/1/2004	House	Added Chief Co-Sponsor Rep. Jim Sacia
4/1/2004	House	Added Chief Co-Sponsor Rep. William Davis
4/1/2004	House	Added Chief Co-Sponsor Rep. William Delgado
4/1/2004	House	Added Co-Sponsor Rep. Marlow H. Colvin
4/1/2004	House	Added Co-Sponsor Rep. Wyvetter H. Younge
4/1/2004	House	Added Co-Sponsor Rep. Monique D. Davis
4/1/2004	House	Added Co-Sponsor Rep. Mary E. Flowers
4/1/2004	House	Co-Sponsor Rep. Karen A. Yarbrough
4/1/2004	House	Added Co-Sponsor Rep. Jack D. Franks
4/1/2004	House	Added Co-Sponsor Rep. Linda Chapa LaVia
4/1/2004	House	House Amendment No. 1 Adopted by Voice Vote
4/1/2004	House	Placed on Calendar Order of 3rd Reading - Standard Debate
4/2/2004	House	Added Co-Sponsor Rep. Roger L. Eddy
4/2/2004	House	Third Reading - Standard Debate - Passed 116-000-000
4/2/2004	House	Added Co-Sponsor Rep. Mike Boland
4/6/2004	Senate	Arrive in Senate
4/6/2004	Senate	Placed on Calendar Order of First Reading April 20, 2004
4/6/2004	Senate	Chief Senate Sponsor Sen. Debbie DeFrancesco Halvorson
4/6/2004	Senate	First Reading
4/6/2004	Senate	Referred to Rules
4/15/2004	Senate	Assigned to Revenue
4/22/2004	Senate	Do Pass Revenue; 009-000-000
4/22/2004	Senate	Placed on Calendar Order of 2nd Reading April 27, 2004
4/28/2004	Senate	Second Reading
4/28/2004	Senate	Placed on Calendar Order of 3rd Reading April 29, 2004
5/13/2004	Senate	Added as Alternate Chief Co-Sponsor Sen. Barack Obama
5/13/2004	Senate	Third Reading - Passed; 058-000-000
5/13/2004	House	Passed Both Houses
6/11/2004	House	Sent to the Governor
8/6/2004	House	Governor Approved
8/6/2004	House	Effective Date January 1, 2005
8/6/2004	House	Public Act . . . . . . . . . 93-0882

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