MUNI CD-BUS DIST DEVLPMNT PLAN House SponsorsRep. Arthur L. Turner-Robert S. Molaro-Jay C. Hoffman-Angelo Saviano-Kenneth Dunkin, Steve Davis, Calvin L. Giles, Kurt M. Granberg, Thomas Holbrook, Robin Kelly, Wyvetter H. Younge, Dan Reitz and Lovana Jones 1/11/2005HouseSession Sine Die 65 ILCS 5/11-74.3-3from Ch. 24, par. 11-74.3-365 ILCS 5/11-74.3-5 new65 ILCS 5/11-74.3-6 new Amends the Illinois Municipal Code. Authorizes a municipality carrying out a business district development or redevelopment plan to impose a tax on the retail sale of tangible personal property and the sale or charge for a sleeping room, not to exceed 1% of the selling price of the tangible personal property or the charge for the sleeping room and only to be imposed in 0.25% increments. Requires a municipality imposing these taxes to follow certain additional procedures in applying for designation as a business district and approval of a business district development or redevelopment plan. Requires that the revenue generated by the tax be deposited into the municipality's Business District Tax Allocation Fund. Authorizes a municipality to issue obligations in one or more series bearing interest at rates determined by the corporate authorities of the municipality by ordinance and secured by the Business District Tax Allocation Fund. Requires the ordinance (i) to pledge any amounts in and to be deposited into the Business District Tax Allocation Fund for the payment of business district costs and obligations and (ii) to contain certain recitals. Authorizes the public or private sale of the obligations and the issuance of obligations to refunded previously issued obligations. Upon payment of all business district costs, requires all surplus funds to be deposited into the general corporate fund. Requires the corporate authorities of the municipality to adopt an ordinance immediately rescinding the tax when all business district costs and obligations have been paid. Effective immediately.House Amendment No. 1 Adds reference to:65 ILCS 5/8-11-6afrom Ch. 24, par. 8-11-6aDeletes everything. Amends the Illinois Municipal Code. Authorizes a municipality carrying out a business district development or redevelopment plan to impose a retailers' occupation tax, a service occupation tax, and a hotel operators' occupation tax. Requires a municipality imposing these taxes to follow certain additional procedures in applying for designation as a business district and approval of a business district development or redevelopment plan. Requires that the revenue generated by the tax be deposited into the municipality's Business District Tax Allocation Fund. Authorizes a municipality to issue obligations in one or more series bearing interest at rates determined by the corporate authorities of the municipality by ordinance and secured by the Business District Tax Allocation Fund. Requires the ordinance (i) to pledge any amounts in and to be deposited into the Business District Tax Allocation Fund for the payment of business district costs and obligations and (ii) to contain certain recitals. Authorizes the public or private sale of the obligations and the issuance of obligations to refunded previously issued obligations. Upon payment of all business district costs, requires all surplus funds to be deposited into the general corporate fund. Requires the corporate authorities of the municipality to adopt an ordinance immediately rescinding the tax when all business district costs and obligations have been paid. Effective January 1, 2005. 2/4/2004HouseFiled with the Clerk by Rep. Arthur L. Turner 2/4/2004HouseChief Co-Sponsor Rep. Robert S. Molaro 2/4/2004HouseChief Co-Sponsor Rep. Jay C. Hoffman 2/4/2004HouseChief Co-Sponsor Rep. Angelo Saviano 2/4/2004HouseChief Co-Sponsor Rep. Kenneth Dunkin 2/4/2004HouseCo-Sponsor Rep. Steve Davis 2/4/2004HouseCo-Sponsor Rep. Calvin L. Giles 2/4/2004HouseCo-Sponsor Rep. Kurt M. Granberg 2/4/2004HouseCo-Sponsor Rep. Thomas Holbrook 2/4/2004HouseCo-Sponsor Rep. Robin Kelly 2/4/2004HouseCo-Sponsor Rep. Wyvetter H. Younge 2/5/2004HouseFirst Reading 2/5/2004HouseReferred to Rules Committee 2/19/2004HouseAssigned to Commerce and Business Development Committee 3/2/2004HouseAdded Co-Sponsor Rep. Dan Reitz 3/4/2004HouseRe-assigned to Revenue Committee 3/4/2004HouseCommittee Deadline Extended-Rule 9(b) April 2, 2004 3/25/2004HouseDo Pass / Short Debate Revenue Committee; 006-002-000 3/25/2004HousePlaced on Calendar 2nd Reading - Short Debate 3/31/2004HouseHouse Amendment No. 1 Filed with Clerk by Rep. Arthur L. Turner 3/31/2004HouseHouse Amendment No. 1 Referred to Rules Committee 3/31/2004HouseSecond Reading - Short Debate 3/31/2004HouseHeld on Calendar Order of Second Reading - Short Debate 4/1/2004HouseHouse Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000 4/1/2004HouseHouse Amendment No. 1 Adopted by Voice Vote 4/1/2004HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/2/2004HouseThird Reading - Consideration Postponed 4/2/2004HousePlaced on Calendar - Consideration Postponed 4/2/2004HouseAdded Co-Sponsor Rep. Lovana Jones 4/2/2004HouseCommittee/3rd Reading Deadline Extended-Rule 9(b); April 30, 2004 4/30/2004HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005HouseSession Sine Die