Illinois General Assembly - Bill Status for HB3478
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 Bill Status of HB3478  93rd General Assembly

Short Description:  STATE ECON ASSISTANCE REFUND

House Sponsors
Rep. Jim Watson

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the State Economic Assistance Accountability Act. States the requirements for State economic assistance in the form of tax credits, tax exemptions, grants, and loans provided to business organizations by DCCA. Provides that such assistance must be based on a written incentive agreement, and requires that such an agreement contain certain provisions concerning the consequences of a business organization's failure to make the requisite level of capital investment or to create or retain the specified number of jobs within the specified time period. Provides that the Act applies to all State economic assistance given by DCCA on or after the Act's effective date. Effective immediately.

Actions 
DateChamber Action
  2/28/2003HouseFiled with the Clerk by Rep. Jim Watson
  2/28/2003HouseFirst Reading
  2/28/2003HouseReferred to Rules Committee
  3/5/2003HouseAssigned to Commerce and Business Development Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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