SOUTHERN IL ECON DEV AUTH ACT Senate SponsorsSen. Gary Forby-Martin A. Sandoval-James F. Clayborne, Jr. and Pamela J. Althoff House Sponsors(Rep. Linda Chapa LaVia-Brandon W. Phelps-John E. Bradley-Angelo Saviano, Gary Hannig, Patricia Reid Lindner, Mike Bost, Jack McGuire, Wyvetter H. Younge, Dan Reitz, William Davis, Kurt M. Granberg, Frank J. Mautino, Harry R. Ramey, Jr., Annazette Collins, Careen M Gordon, Eddie Washington, Randall M. Hultgren, William B. Black, Michael P. McAuliffe, Donald L. Moffitt, Mike Boland and Patrick J Verschoore) 7/12/2006SenatePublic Act . . . . . . . . . 94-1021 New ActCreates the Southern Illinois Economic Development Authority Act. Establishes the Southern Illinois Economic Development Authority in Franklin, Perry, Randolph, Jackson, Williamson, Saline, Gallatin, Union, Johnson, Pope, Hardin, Alexander, Pulaski, and Massac counties in order to promote economic development within those counties. Contains provisions concerning the powers and duties of the Authority. Allows the Authority to acquire, own, sell, lease, or otherwise dispose of interests in real property and to issue bonds, notes, or other evidences of indebtedness for certain purposes in an aggregate amount not to exceed $250,000,000. Provides that the Authority shall be governed by a 21-member board. Contains other provisions. Effective immediately.House Amendment No. 1 Adds reference to:20 ILCS 3501/825-13 newDeletes everything after the enacting clause. Reinserts the provisions of the bill as engrossed with the following changes: Deletes provisions concerning the Southern Illinois Economic Development Authority's power to create enterprise zones and concerning the State's moral obligation concerning the Authority's bonds. Amends the Illinois Finance Authority Act. Provides that all bond issuances of the Southern Illinois Economic Development Authority are subject to supervision, management, control, and approval of the Illinois Finance Authority. Effective immediately.House Amendment No. 3 Deletes reference to:20 ILCS 805/805-550 newAdds reference to:New Act20 ILCS 605/605-907 new20 ILCS 715/535 ILCS 5/201from Ch. 120, par. 2-20135 ILCS 5/203from Ch. 120, par. 2-20335 ILCS 105/12from Ch. 120, par. 439.1235 ILCS 110/12from Ch. 120, par. 439.4235 ILCS 115/12from Ch. 120, par. 439.11235 ILCS 120/2-54 new35 ILCS 200/18-170415 ILCS 5/58.13415 ILCS 5/58.14Deletes everything after the enacting clause. Reinserts the provisions of the bill as amended by House Amendment No. 1 with the following changes: In the Southern Illinois Economic Development Authority Act, deletes the requirement that all bond issuances of the Southern Illinois Economic Development Authority are subject to supervision, management, control, and approval of the Illinois Finance Authority. Creates the River Edge Redevelopment Zone Act. Sets forth procedures for the creation of 2 pilot zones, one in the City of East St. Louis and one in the City of Aurora, to be designated and certified as a River Edge Redevelopment Zone. Sets forth procedures for amendments to and decertifications of zones. Sets forth procedures for the adoption of tax increment financing within a zone. Contains other provisions concerning zone administration. Amends the Department of Commerce and Economic Opportunity Law of the Illinois Civil Administrative Code. Authorized the Department of Commerce and Economic Opportunity to establish and maintain a program to provide grants and assistance with respect to River Edge Redevelopment Zones. Amends the Corporate Accountability For Tax Expenditures Act. Includes, within the definition of "developmental assistance", tax credits, exemptions, grants, and loans concerning River Edge Redevelopment Zones. Amends the Illinois Income Tax Act. Provides that certain existing credits apply to business enterprises within a River Edge Redevelopment Zone. Creates a River Edge Redevelopment Zone site remediation tax credit. Creates a deduction for dividends paid by a corporation that operates within a River Edge Redevelopment Zone. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Creates an exemption for building materials to be incorporated into real estate within a River Edge Redevelopment Zone. In various Acts, exempts the tax credits and deductions for River Edge Redevelopment Zones from tax sunset provisions. Amends the Property Tax Code. Authorizes taxing districts to abate property taxes for property within River Edge Redevelopment Zones. Amends the Environmental Protection Act. Provides that sites within River Edge Redevelopment Zones are included as brownfield sites under the Municipal Brownfields Redevelopment Grant Program. Requires the Environmental Protection Agency to jointly review, with the Department of Commerce and Economic Opportunity, applications for the Environmental Remediation Tax Credit and sets the fee for review at $250 for each site. Increases the maximum brownfield grant from $240,000 to $2,000,000 for River Edge Development Zone sites. Makes other changes. Effective immediately.Balanced Budget Note (H-AM 3)(Gov. Office of Management & Budget) Fiscal Impact - Southern Illinois Economic Development Authority: There is no fiscal impact estimated with the Southern Illinois Economic Development Authority, The River Edge Redevelopment Zone Act is a new program to be administered by the Department of Commerce and Economic Opportunity (DCEO) in partnership with the Environmental Protection Agency (EPA) that targets communities adjacent to or surrounding a river area to revive or redevelop environmentally challenged properties in hopes of stimulating economic development. This will begin as a pilot project targeting East St. Louis and Aurora. DCEO would be authorized to make grants to communities, municipalities or organizations for redevelopment activities. EPA would be authorized to make grants for remediation of environmental hazards. Funding of $20 million is included in the introduced budget for this program, $15 million for DCEO, and $5 million for EPA. In order to foster the development, certain tax credit incentives are being offered. It is estimated that these incentives will be worth $6.3 million in the first year of the program. These costs were estimated in the introduced budget.Judicial Note (H-AM 3) (Admin. Office of the Illinois Courts) Would neither increase nor decrease the number of judges needed in the state.State Debt Impact Note (H-Am 3) (Com. on Gov. Forecasting & Accountability) Would not change the amount of authorization for any type of state-issued or state-supported bond, and therefore would not affect the level of state indebtedness.Pension Note (H-AM 3)(Comm on Gov't Forecasting & Accountability) SB 17 (H-AM 3) will not impact any public pension fund or retirement system in Illinois. Correctional Note (H-AM 3)(Dept of Corrections) There is no corrections population impact on the Department.Housing Affordability Impact Note (H-AM 3)(Housing Development Authority) This legislation will have no effect on constructing, purchasing, owning, or selling a single-family residence. Home Rule Note (H-AM 3)(Dept of Commerce and Economic Opportunity) In the opinion of the Department of Commerce and Economic Opportunity, SB 17 (H-AM 3) does not pre-empt home rule authority.State Mandates Fiscal Note (H-AM 3)(Dept of Commerce and Economic Opportunity) In the opinion of the Department of Commerce and Economic Opportunity, SB 17 (H-AM 3) does not create a State mandate under the State Mandates Act.Fiscal Note (H-AM 3) (Dept. of Revenue) The legislation would result in approximately $11.3 million in income tax and personal property tax replacement income tax credits and sales tax exemptions in calendar year 2007, approximately $8.8 million in income tax and personal property tax replacement income tax credits and sales tax exemptions in calendar year 2008, approximately $8.9 million in income tax and personal property tax replacement income tax credits and sales tax exemptions in calendar year 2009, and approximately $1.3 million in income tax and personal property tax replacement income tax credits and sales tax exemptions in calendar year 2010 and in each year thereafter. 1/26/2005SenateFiled with Secretary by Sen. Gary Forby 1/26/2005SenateFirst Reading 1/26/2005SenateReferred to Rules 2/3/2005SenateAssigned to Commerce & Economic Development 3/3/2005SenateDo Pass Commerce & Economic Development; 009-000-000 3/3/2005SenatePlaced on Calendar Order of 2nd Reading March 8, 2005 3/8/2005SenateSecond Reading 3/8/2005SenatePlaced on Calendar Order of 3rd Reading March 9, 2005 4/11/2005SenateAdded as Chief Co-Sponsor Sen. Martin A. Sandoval 4/11/2005SenateThird Reading - Passed; 047-006-001 4/11/2005HouseArrived in House 4/11/2005HousePlaced on Calendar Order of First Reading 4/11/2005HouseChief House Sponsor Rep. John E. Bradley 4/12/2005HouseFirst Reading 4/12/2005HouseReferred to Rules Committee 4/20/2005HouseAssigned to Executive Committee 5/4/2005HouseAdded Alternate Co-Sponsor Rep. Gary Hannig 5/5/2005HouseAdded Alternate Chief Co-Sponsor Rep. Brandon W. Phelps 5/13/2005HouseCommittee/Final Action Deadline Extended-9(b) May 27, 2005 5/18/2005HouseHouse Amendment No. 1 Filed with Clerk by Executive Committee 5/18/2005HouseHouse Amendment No. 1 Adopted in Executive Committee; by Voice Vote 5/18/2005HouseDo Pass as Amended / Short Debate Executive Committee; 010-001-000 5/18/2005HousePlaced on Calendar 2nd Reading - Short Debate 5/20/2005HouseFinal Action Deadline Extended-9(b) May 31, 2005 5/26/2005HouseSecond Reading - Short Debate 5/26/2005HouseHeld on Calendar Order of Second Reading - Short Debate 5/31/2005HouseHouse Amendment No. 2 Filed with Clerk by Rep. John E. Bradley 5/31/2005HouseHouse Amendment No. 2 Referred to Rules Committee 5/31/2005HouseRule 19(a) / Re-referred to Rules Committee 3/29/2006HouseFinal Action Deadline Extended-9(b) April 7, 2006 3/29/2006HouseApproved for Consideration Rules Committee; 004-000-000 3/30/2006HousePlaced on Calendar 2nd Reading - Short Debate 4/7/2006HouseFinal Action Deadline Extended-9(b) April 13, 2006 4/13/2006HouseFinal Action Deadline Extended-9(b) April 30, 2006 4/17/2006HouseHouse Amendment No. 3 Filed with Clerk by Rep. Linda Chapa LaVia 4/17/2006HouseHouse Amendment No. 3 Referred to Rules Committee 4/17/2006HouseHouse Amendment No. 3 Rules Refers to Revenue Committee 4/18/2006HouseBalanced Budget Note Filed As Amended by HA 3 4/18/2006HouseJudicial Note Filed As Amended by HA 3 4/18/2006HouseState Debt Impact Note Filed As Amended by HA 3 4/18/2006HousePension Note Filed As Amended by HA 3 4/18/2006HouseCorrectional Note Filed As Amended by HA 3 4/18/2006HouseHousing Affordability Impact Note Filed As Amended by HA 3 4/18/2006HouseHome Rule Note Filed As Amended by HA 3 4/18/2006HouseState Mandates Fiscal Note Filed As Amended by HA 3 4/18/2006HouseAlternate Chief Sponsor Changed to Rep. Linda Chapa LaVia 4/18/2006HouseFiscal Note Filed As Amended by HA 3 4/18/2006HouseAdded Alternate Chief Co-Sponsor Rep. John E. Bradley 4/18/2006HouseHouse Amendment No. 3 Recommends Be Adopted Revenue Committee; 007-005-000 4/19/2006HouseAdded Alternate Co-Sponsor Rep. Timothy L. Schmitz 4/19/2006HouseAdded Alternate Co-Sponsor Rep. Patricia Reid Lindner 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Mike Bost 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Jack McGuire 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Wyvetter H. Younge 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Dan Reitz 4/26/2006HouseAdded Alternate Co-Sponsor Rep. William Davis 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Kurt M. Granberg 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Frank J. Mautino 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Harry R. Ramey, Jr. 4/26/2006HouseAdded Alternate Chief Co-Sponsor Rep. Angelo Saviano 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Annazette Collins 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Careen M Gordon 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Eddie Washington 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Randall M. Hultgren 4/26/2006HouseAdded Alternate Co-Sponsor Rep. William B. Black 4/26/2006HouseAdded Alternate Co-Sponsor Rep. Michael P. McAuliffe 4/30/2006HouseFinal Action Deadline Extended-9(b) May 5, 2006 5/1/2006HouseAlternate Co-Sponsor Removed Rep. Timothy L. Schmitz 5/1/2006HouseAdded Alternate Co-Sponsor Rep. Donald L. Moffitt 5/1/2006HouseAdded Alternate Co-Sponsor Rep. Mike Boland 5/1/2006HouseAdded Alternate Co-Sponsor Rep. Patrick J Verschoore 5/1/2006HouseHouse Amendment No. 3 Adopted 080-024-000 5/1/2006HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/1/2006HouseChair Rules Bill be Placed on Unlimited Debate Status 5/1/2006HousePlaced on Calendar Order of 3rd Reading - Unlimited Debate 5/1/2006HouseThird Reading - Unlimited Debate - Passed 080-026-000 5/1/2006HouseHouse Amendment No. 2 Tabled Pursuant to Rule 40(a) 5/2/2006SenateAdded as Chief Co-Sponsor Sen. James F. Clayborne, Jr. 5/2/2006SenateSecretary's Desk - Concurrence House Amendment(s) 01,03 5/2/2006SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01,03-May 3, 2006 5/2/2006SenateHouse Amendment No. 1 Motion to Concur Filed with Secretary Sen. Gary Forby 5/2/2006SenateHouse Amendment No. 1 Motion to Concur Referred to Rules 5/2/2006SenateHouse Amendment No. 3 Motion to Concur Filed with Secretary Sen. Gary Forby 5/2/2006SenateHouse Amendment No. 3 Motion to Concur Referred to Rules 5/2/2006SenateHouse Amendment No. 1 Motion to Concur Rules Referred to Revenue 5/2/2006SenateHouse Amendment No. 3 Motion to Concur Rules Referred to Revenue 5/3/2006SenateHouse Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-002-001 5/3/2006SenateHouse Amendment No. 3 Motion To Concur Recommended Do Adopt Revenue; 007-002-001 5/3/2006SenateAdded as Co-Sponsor Sen. Pamela J. Althoff 5/3/2006SenateHouse Amendment No. 1 Senate Concurs 053-005-000 5/3/2006SenateHouse Amendment No. 3 Senate Concurs 053-005-000 5/3/2006SenatePassed Both Houses 6/1/2006SenateSent to the Governor 7/12/2006SenateGovernor Approved 7/12/2006SenateEffective Date July 12, 2006 7/12/2006SenatePublic Act . . . . . . . . . 94-1021