ECONOMIC DEVELOP-TAX CREDIT House SponsorsRep. Robin Kelly-David E. Miller-Jim Sacia-William Davis-William Delgado, Lovana Jones, Marlow H. Colvin, Wyvetter H. Younge, Monique D. Davis, Mary E. Flowers, Karen A. Yarbrough, Jack D. Franks, Linda Chapa LaVia, Roger L. Eddy and Mike Boland Senate Sponsors(Sen. Debbie DeFrancesco Halvorson-Barack Obama) 8/6/2004HousePublic Act . . . . . . . . . 93-0882 35 ILCS 10/5-25 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 10/5-25Adds reference to:35 ILCS 10/5-20Deletes 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. 1/30/2004HouseFiled with the Clerk by Rep. Robin Kelly 1/30/2004HouseFirst Reading 1/30/2004HouseReferred to Rules Committee 2/18/2004HouseAssigned to Housing and Urban Development Committee 2/20/2004HouseChief Co-Sponsor Rep. William Davis 2/20/2004HouseAdded Chief Co-Sponsor Rep. Karen A. Yarbrough 2/25/2004HouseHousing Affordability Impact Note Filed 3/2/2004HouseFiscal Note Filed 3/3/2004HouseDo Pass / Standard Debate Housing and Urban Development Committee; 011-009-000 3/3/2004HousePlaced on Calendar 2nd Reading - Standard Debate 3/4/2004HouseAdded Chief Co-Sponsor Rep. Monique D. Davis 3/24/2004HouseAdded Co-Sponsor Rep. William Delgado 3/24/2004HouseAdded Co-Sponsor Rep. Lovana Jones 3/24/2004HouseSponsor Removed Rep. William Delgado 3/30/2004HouseHouse Amendment No. 1 Filed with Clerk by Rep. Robin Kelly 3/30/2004HouseHouse Amendment No. 1 Referred to Rules Committee 3/31/2004HouseHouse Amendment No. 1 Rules Refers to Commerce and Business Development Committee 3/31/2004HouseSecond Reading - Standard Debate 3/31/2004HouseHeld on Calendar Order of Second Reading - Standard Debate 4/1/2004HouseHouse Amendment No. 1 Recommends Be Adopted Commerce and Business Development Committee; 017-000-000 4/1/2004HouseAdded Chief Co-Sponsor Rep. David E. Miller 4/1/2004HouseAdded Chief Co-Sponsor Rep. Jim Sacia 4/1/2004HouseAdded Chief Co-Sponsor Rep. William Davis 4/1/2004HouseAdded Chief Co-Sponsor Rep. William Delgado 4/1/2004HouseAdded Co-Sponsor Rep. Marlow H. Colvin 4/1/2004HouseAdded Co-Sponsor Rep. Wyvetter H. Younge 4/1/2004HouseAdded Co-Sponsor Rep. Monique D. Davis 4/1/2004HouseAdded Co-Sponsor Rep. Mary E. Flowers 4/1/2004HouseCo-Sponsor Rep. Karen A. Yarbrough 4/1/2004HouseAdded Co-Sponsor Rep. Jack D. Franks 4/1/2004HouseAdded Co-Sponsor Rep. Linda Chapa LaVia 4/1/2004HouseHouse Amendment No. 1 Adopted by Voice Vote 4/1/2004HousePlaced on Calendar Order of 3rd Reading - Standard Debate 4/2/2004HouseAdded Co-Sponsor Rep. Roger L. Eddy 4/2/2004HouseThird Reading - Standard Debate - Passed 116-000-000 4/2/2004HouseAdded Co-Sponsor Rep. Mike Boland 4/6/2004SenateArrive in Senate 4/6/2004SenatePlaced on Calendar Order of First Reading April 20, 2004 4/6/2004SenateChief Senate Sponsor Sen. Debbie DeFrancesco Halvorson 4/6/2004SenateFirst Reading 4/6/2004SenateReferred to Rules 4/15/2004SenateAssigned to Revenue 4/22/2004SenateDo Pass Revenue; 009-000-000 4/22/2004SenatePlaced on Calendar Order of 2nd Reading April 27, 2004 4/28/2004SenateSecond Reading 4/28/2004SenatePlaced on Calendar Order of 3rd Reading April 29, 2004 5/13/2004SenateAdded as Alternate Chief Co-Sponsor Sen. Barack Obama 5/13/2004SenateThird Reading - Passed; 058-000-000 5/13/2004HousePassed Both Houses 6/11/2004HouseSent to the Governor 8/6/2004HouseGovernor Approved 8/6/2004HouseEffective Date January 1, 2005 8/6/2004HousePublic Act . . . . . . . . . 93-0882