RURAL TECHNLGY ENTERPRISE ZONE Senate SponsorsSen. John M. Sullivan-Jeffrey M. Schoenberg-Barack Obama House Sponsors(Rep. Richard P. Myers) 1/11/2005SenateSession Sine Die New Act35 ILCS 5/213 newCreates the Rural Technology Enterprise Zone Act. Allows the Illinois Commerce Commission to designate rural areas in the State as rural technology enterprise zones. Provides that the Illinois Commerce Commission shall submit a report to the General Assembly outlining the progress in improving Internet access within rural technology enterprise zones. Amends the Illinois Income Tax Act to provide a tax credit for investments in technology infrastructure required to provide Internet access in rural technology enterprise zones. Effective immediately.Fiscal Note (Illinois Commerce Commission) In order to establish accurate and precise boundaries for these zones, the Commission would have to undertake a substantial rule making effort once this bill became law. Due to the January 1, 2004 start of this program, this process would likely involve several members of the ICC Staff and take at least a year of workshops and Commission proceedings, costing approximately $45,000. Further, GIS software to establish and track "Rural Technology Enterprise Zones" would cost approximately $5,600. Ongoing administration to handle things such as petitions and challenges is estimated to cost approximately $30,000 a year.Fiscal Note (Department of Revenue) Since the ICC has yet to write rules for the zones, investments and other matters, we are unable to determine how much the credit will reduce income tax liabilities. However, if there are a couple hundred of these zones and taxpayers invest close to $1 million in each of these zones, the credit has the potential to cause a substantial revenue loss, especially since excess credit may be carried forward 10 years. Fiscal Note (Dept of Commerce and Community Affairs) SB 1535 will not incur a fiscal impact on DCCA, cities, towns, and incorporated villages. The impact of the legislation on rural townships cannot be determined.Senate Floor Amendment No. 1 Deletes everything. Reinserts the provisions of the bill as introduced but (1) changes the title of the Act to the Rural Technology Development Zone Act; (2) provides that the Department of Commerce and Community Affairs shall administer the Act rather than the Illinois Commerce Commission; and (3) provides that the program shall consist of a pilot program with 3 areas designated by DCCA as rural technology development zones in consultation with the Illinois Commerce Commission. Effective immediately. 2/20/2003SenateFiled with Secretary by Sen. John M. Sullivan 2/20/2003SenateFirst Reading 2/20/2003SenateReferred to Rules 2/27/2003SenateAssigned to Environment & Energy 2/27/2003SenateAdded as Chief Co-Sponsor Sen. Jeffrey M. Schoenberg 3/5/2003SenatePostponed - Environment & Energy 3/13/2003SenateDo Pass Environment & Energy; 011-000-000 3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003 3/13/2003SenateFiscal Note Requested by Sen. Steven J. Rauschenberger 3/21/2003SenateFiscal Note Filed from the Illinois Commerce Commission 3/21/2003SenateFiscal Note Filed from the Illinois Department of Revenue 3/25/2003SenateFiscal Note Filed 3/25/2003SenateSecond Reading 3/25/2003SenatePlaced on Calendar Order of 3rd Reading March 26, 2003 4/2/2003SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. John M. Sullivan 4/2/2003SenateSenate Floor Amendment No. 1 Referred to Rules 4/2/2003SenateSenate Floor Amendment No. 1 Rules Refers to Environment & Energy 4/2/2003SenateSenate Floor Amendment No. 1 Be Adopted Environment & Energy; 010-001-000 4/2/2003SenateRecalled to Second Reading 4/2/2003SenateSenate Floor Amendment No. 1 Adopted; J. Sullivan 4/2/2003SenatePlaced on Calendar Order of 3rd Reading April 3, 2003 4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003. 4/9/2003SenateAdded as Chief Co-Sponsor Sen. Barack Obama 4/9/2003SenateThird Reading - Passed; 055-002-000 4/9/2003HouseArrived in House 4/9/2003HousePlaced on Calendar Order of First Reading 4/14/2003HouseChief House Sponsor Rep. Richard P. Myers 4/14/2003HouseFirst Reading 4/14/2003HouseReferred to Rules Committee 4/16/2003HouseAssigned to Revenue Committee 5/2/2003HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005SenateSession Sine Die