Illinois General Assembly

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 Bill Status of HB3760  99th General Assembly


Short Description:  LOCAL GOV-DISCLOSE INCENTIVES

House Sponsors
Rep. Jack D. Franks - Ed Sullivan - Carol Sente, Grant Wehrli, Steven A. Andersson, Dwight Kay, Brian W. Stewart, Linda Chapa LaVia, Kenneth Dunkin, Mark Batinick and Keith R. Wheeler

Senate Sponsors
(Sen. Daniel Biss - Thomas Cullerton and Mr. Dan McConchie)

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Local Government Tax Incentive Disclosure Act. Provides that each unit of local government shall report the annual value of any tax incentive granted by the unit of local government as lost revenue on the annual financial report for that unit of local government. Provides that the term "tax incentive" means any property tax abatement granted by a unit of local government or any tax increment financing affecting a unit of local government. Provides that, no later than August 1 of each year, the Department of Commerce and Economic Opportunity shall report to the Governor and the General Assembly the total value of all tax credits awarded by the Department. Effective immediately.

House Committee Amendment No. 1
Provides that units of local government shall report the annual value of any tax incentive granted by the unit of local government as community investment revenue (in the introduced bill, "lost revenue") on its annual financial report.

Senate Floor Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with changes. Replaces the term "unit of local government" with "governmental entity". Provides that the term "governmental entity" means a unit of local government, school district, or community college district. Provides that the term "tax incentive" means any property tax abatement or property tax rebate granted by a governmental entity (in the engrossed bill, property tax abatements or tax increment financing). Provides that any governmental entity that enters into a tax incentive agreement shall submit a report by electronic filing to the Department of Revenue within 30 days after the execution of the agreement. Provides that any governmental entity that fails to comply with the filing requirements within 30 days after the execution of the agreement shall be responsible for paying to the Department of Revenue a delinquency penalty of $20 per day for each day during which the report is not filed. Makes other changes. Effective immediately.

Actions 
DateChamber Action
  2/26/2015HouseFiled with the Clerk by Rep. Jack D. Franks
  2/27/2015HouseFirst Reading
  2/27/2015HouseReferred to Rules Committee
  3/12/2015HouseAssigned to Revenue & Finance Committee
  3/13/2015HouseTo Property Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  2/4/2016HouseAssigned to Revenue & Finance Committee
  2/4/2016HouseTo Property Tax Subcommittee
  4/6/2016HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
  4/6/2016HouseRemains in Revenue & Finance Committee
  4/6/2016HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jack D. Franks
  4/6/2016HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  4/6/2016HouseAdded Chief Co-Sponsor Rep. Ed Sullivan
  4/6/2016HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  4/7/2016HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
  4/7/2016HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 013-000-000
  4/7/2016HousePlaced on Calendar 2nd Reading - Short Debate
  4/12/2016HouseSecond Reading - Short Debate
  4/12/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/13/2016HouseThird Reading - Short Debate - Passed 110-003-000
  4/13/2016HouseAdded Chief Co-Sponsor Rep. Carol Sente
  4/13/2016HouseAdded Co-Sponsor Rep. Grant Wehrli
  4/13/2016HouseAdded Co-Sponsor Rep. Steven A. Andersson
  4/13/2016HouseAdded Co-Sponsor Rep. Dwight Kay
  4/13/2016HouseAdded Co-Sponsor Rep. Brian W. Stewart
  4/13/2016HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  4/13/2016HouseAdded Co-Sponsor Rep. Kenneth Dunkin
  4/13/2016HouseAdded Co-Sponsor Rep. Mark Batinick
  4/13/2016HouseAdded Co-Sponsor Rep. Keith R. Wheeler
  4/14/2016SenateArrive in Senate
  4/14/2016SenatePlaced on Calendar Order of First Reading
  4/14/2016SenateChief Senate Sponsor Sen. Daniel Biss
  4/14/2016SenateFirst Reading
  4/14/2016SenateReferred to Assignments
  4/27/2016SenateAssigned to Revenue
  5/10/2016SenatePostponed - Revenue
  5/12/2016SenateDo Pass Revenue; 009-000-000
  5/12/2016SenatePlaced on Calendar Order of 2nd Reading May 17, 2016
  5/20/2016SenateAdded as Alternate Co-Sponsor Sen. Dan McConchie
  5/25/2016SenateSecond Reading
  5/25/2016SenatePlaced on Calendar Order of 3rd Reading May 26, 2016
  5/25/2016SenateAdded as Alternate Chief Co-Sponsor Sen. Thomas Cullerton
  5/27/2016SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Daniel Biss
  5/27/2016SenateSenate Floor Amendment No. 1 Referred to Assignments
  5/27/2016SenateSenate Floor Amendment No. 1 Assignments Refers to Revenue
  5/27/2016SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2016
  5/30/2016SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 011-000-000
  5/31/2016SenateRecalled to Second Reading
  5/31/2016SenateSenate Floor Amendment No. 1 Adopted; Biss
  5/31/2016SenatePlaced on Calendar Order of 3rd Reading
  5/31/2016SenateThird Reading - Passed; 057-000-000
  5/31/2016HouseArrived in House
  5/31/2016HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  5/31/2016HouseSenate Floor Amendment No. 1 Motion Filed Concur Rep. Jack D. Franks
  5/31/2016HouseSenate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/31/2016HouseFinal Action Deadline Extended-9(b) June 30, 2016
  6/30/2016HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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