92nd General Assembly
Status of HB1655
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary


   20 ILCS 5/5-15            was 20 ILCS 5/3                                   

        Amends  the  Civil  Administrative  Code  of  Illinois.  Makes  a      
   technical change  in  a  Section  creating  the  civil  administrative      
   agencies, including the Department of Commerce and Community Affairs.       
        SENATE AMENDMENT NO. 1.                                                
        Adds an immediate effective date.                                      
        SENATE AMENDMENT NO. 2.                                                
          Deletes reference to:                                                
          20 ILCS 5/5-15                                                       
          Adds reference to:                                                   
          New Act                                                              
          30 ILCS 105/5.545 new                                                
          35 ILCS 5/211                                                        
          35 ILCS 10/5-35                                                      
          35 ILCS 10/5-45                                                      
          35 ILCS 200/18-165                                                   
        Deletes   everything.    Creates   the   Corporate   Headquarters      
   Relocation Act.  Encourages multinational  corporations  from  outside      
   Illinois  to  relocate  corporate headquarters to Illinois through the      
   use of incentives not otherwise available through  existing  programs.      
   Authorizes  the  Department of Commerce and Community Affairs to enter      
   into agreements to reimburse up to 50% of relocation costs subject  to      
   certain  terms and conditions.  Amends the State Finance Act to create      
   the Corporate Headquarters Relocation Assistance Fund.   Provides  for      
   the  transfer  to  the  Fund  from  the general revenue fund of 50% of      
   income  tax  receipts  attributable  to  employees  employed  at   the      
   corporate  headquarters.    Moneys  in  the  Fund  may  be used by the      
   Department to issue grants for relocation costs.  Amends the  Economic      
   Development  for  a  Growing  Economy  Tax  Credit Act to authorize an      
   eligible business relocating its corporate headquarters to Illinois to      
   receive tax credits for 15 years (now 10 years).  Amends the  Property      
   Tax  Code  to authorize taxing districts to abate taxes on property of      
   an eligible business or to enter into an agreement  with  an  eligible      
   business  to make payments to that business for up to 20 years.  Makes      
   other changes.    The  provisions  of  the  Act  are  made  severable.      
   Effective immediately.                                                      
   FEB-15-2001  H  FILED WITH CLERK                                               
   FEB-15-2001  H  FIRST READING                                                  
   FEB-15-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-21-2001  H       ASSIGNED TO COMMITTEE               EXECUTIVE             
   MAR-19-2001  H  DO PASS/SHORT DEBATE                     013-000-000   HEXC    
   MAR-19-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   APR-04-2001  H  SECOND READING-SHORT DEBATE                                    
   APR-04-2001  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   APR-06-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   APR-06-2001  H  THIRD READING/SHORT DEBATE/PASSED        090-024-001           
   APR-10-2001  S  ARRIVE IN SENATE                                               
   APR-10-2001  S  PLACED CALENDAR ORDER OF FIRST READING   01-04-17              
   APR-17-2001  S  CHIEF SPONSOR                            DILLARD               
   APR-17-2001  S  FIRST READING                                                  
   APR-17-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   MAY-02-2001  S       ASSIGNED TO COMMITTEE               EXECUTIVE             
   MAY-09-2001  S                             AMENDMENT NO. 01-EXECUTIVE     S    
   MAY-09-2001  S                                   ADOPTED                       
   MAY-10-2001  S       DO PASS AS AMENDED                  011-000-000   SEXC    
   MAY-10-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-05-11              
   MAY-15-2001  S  SECOND READING                                                 
   MAY-15-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-05-15              
   MAY-18-2001  S  FINAL PASSAGE DEADLINE EXTENDED-RULE     2-10(E),              
   MAY-18-2001  S                                           TO MAY 31, 2001.      
   MAY-22-2001  S  FILED WITH SECRETARY                                           
   MAY-22-2001  S                             AMENDMENT NO. 02-DILLARD            
   MAY-22-2001  S                     AMENDMENT REFERRED TO SRUL                  
   MAY-22-2001  S                             AMENDMENT NO. 02-DILLARD            
   MAY-22-2001  S                           RULES REFERS TO SEXC                  
   MAY-23-2001  S                             AMENDMENT NO. 02-DILLARD            
   MAY-23-2001  S                                BE ADOPTED SEXC/012-000-000      
   MAY-24-2001  S  RECALLED TO SECOND READING                                     
   MAY-24-2001  S                             AMENDMENT NO. 02-DILLARD            
   MAY-24-2001  S                                   ADOPTED                       
   MAY-24-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING                        
   MAY-24-2001  S  THIRD READING - PASSED                   051-006-000           
   MAY-24-2001  H  ARRIVE IN HOUSE                                                
   MAY-24-2001  H  PLACED ON CALENDAR ORDER OF CONCURRENCE  01,02                 
   MAY-24-2001  H  MOTION FILED CONCUR                      01,02/DANIELS         
   MAY-24-2001  H                        MOTION REFERRED TO HRUL                  
   MAY-24-2001  H  CALENDAR ORDER OF CONCURRENCE            01,02                 
   MAY-31-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary