INNOVATION ZONES Senate SponsorsSen. Terry Link-Emil Jones, III-Kimberly A. Lightford, Deanna Demuzio, Linda Holmes, William R. Haine, A. J. Wilhelmi, John M. Sullivan, Toi W. Hutchinson, Heather Steans, Jacqueline Y. Collins-Kwame Raoul, Antonio Muņoz-Ira I. Silverstein, Mattie Hunter, Michael Bond, Jeffrey M. Schoenberg, Donne E. Trotter and M. Maggie Crotty House Sponsors(Rep. Barbara Flynn Currie-Mark L. Walker-Joseph M. Lyons-Greg Harris-Sidney H. Mathias, Al Riley, Fred Crespo, Monique D. Davis, Kenneth Dunkin, John D'Amico, Maria Antonia Berrios, Elizabeth Hernandez, Cynthia Soto, John A. Fritchey, Harry Osterman, Sara Feigenholtz, Karen May, Carol A. Sente, Lou Lang, Elaine Nekritz, Robyn Gabel, Deborah Mell, Esther Golar and Eddie Lee Jackson, Sr.) 8/2/2010SenatePublic Act . . . . . . . . . 96-1418 New Act30 ILCS 105/5.777 new35 ILCS 5/201from Ch. 120, par. 2-20135 ILCS 5/219 new35 ILCS 10/5-23 new35 ILCS 105/3-535 ILCS 110/3-535 ILCS 115/2e new35 ILCS 115/3-535 ILCS 120/2-5Creates the Illinois Innovation Zone Act. Specifies the criteria for an area to qualify as an Innovation Zone. Contains provisions concerning the creation of Zones by a municipality or county. Contains provisions concerning the application of a county or municipality to the Department of Commerce and Economic Opportunity for certification of a Zone. Contains provisions concerning the amendment and decertification of Zones. Contains provisions concerning the adoption of tax increment financing. Specifies the powers and duties of the Department. Contains provisions concerning State incentives regarding public services and physical infrastructure. Contains provisions concerning Zone administration. Contains provisions concerning (1) income tax deductions, and (2) State and local regulatory alternatives. Contains provisions concerning loans made under specified provisions of the Act. Amends the State Finance Act to create the Innovation Zone Loan Fund as a special fund in the State treasury and specifies the purpose of the Fund. Contains provisions concerning (1) the construction of specified provisions of the Act, (2) the confidentiality of specified materials, (3) the annual report from the Department to specified parties, and (4) the use of federal moneys. Creates the Illinois Innovation Council and specifies its responsibilities, powers, and duties. Amends the Illinois Income Tax Act and the Economic Development for a Growing Economy Tax Credit Act to add provisions concerning tax credits for businesses located in a Zone. Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act to add specified exemptions concerning Zones.House Committee Amendment No. 1 Deletes reference to:New Act30 ILCS 105/5.777 new35 ILCS 5/201from Ch. 120, par. 2-20135 ILCS 5/219 new35 ILCS 10/5-23 new35 ILCS 105/3-535 ILCS 110/3-535 ILCS 115/2e new35 ILCS 115/3-535 ILCS 120/2-5Adds reference to:20 ILCS 2505/2505-560 new35 ILCS 200/15-16735 ILCS 200/15-16935 ILCS 200/15-17035 ILCS 200/15-176Replaces everything after the enacting clause. Amends the Property Tax Code. Extends the alternative general homestead exemption for a period of 3 years. Provides that the maximum amount of the exemption is $20,000 in the first taxable year, $16,000 in the second taxable year, and $12,000 in the third taxable year. Provides that, beginning in taxable year 2010, the returning veterans' homestead exemption also applies in the taxable year after the taxable year in which the veteran returns from active duty in an armed conflict involving the armed forces of the United States. Provides that taxpayers who are eligible for a senior citizens homestead exemption must reapply each year. Provides that applications for the senior citizens homestead exemption shall be mailed to the taxpayer. Provides that the annual amount of the disabled veterans standard homestead exemption is $5,000 for veterans with a service connected disability of at least 70% (instead of 75%). Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Creates a Homeowner Review Board as an advisory board within the Department of Revenue and sets forth its membership and responsibilities. Effective immediately.House Floor Amendment No. 2 Replaces everything after the enacting clause. Reinserts the provisions of the bill as amended by House Amendment 1 with changes. Provides for the creation of 7 Taxpayer Action Boards within the Department of Revenue. Provides that one board shall be established for each of the following counties: Cook, DuPage, Kane, Kendall, Lake, McHenry, and Will. Sets forth the duties of the boards. Provides that the boards shall function at no additional cost to the State. Provides that taxpayers who have been granted a disabled veterans standard homestead exemption must reapply each year. Provides that a provision of House Amendment 1 requiring taxpayers who receive the senior citizens homestead exemption to reapply each year applies only in counties with 3,000,000 or more inhabitants. Provides that counties other than Cook County may elect to be subject to the alternative general homestead exemption if the county adopts an ordinance within 6 months after the effective date of the amendatory Act. Effective immediately. 2/11/2010SenateFiled with Secretary by Sen. Michael Bond 2/11/2010SenateFirst Reading 2/11/2010SenateReferred to Assignments 2/24/2010SenateAssigned to Commerce 3/4/2010SenateDo Pass Commerce; 006-001-001 3/4/2010SenatePlaced on Calendar Order of 2nd Reading March 9, 2010 3/10/2010SenateSecond Reading 3/10/2010SenatePlaced on Calendar Order of 3rd Reading March 11, 2010 3/11/2010SenateAdded as Chief Co-Sponsor Sen. Emil Jones, III 3/11/2010SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford 3/11/2010SenateAdded as Co-Sponsor Sen. Deanna Demuzio 3/11/2010SenateAdded as Co-Sponsor Sen. Linda Holmes 3/11/2010SenateAdded as Co-Sponsor Sen. William R. Haine 3/11/2010SenateAdded as Co-Sponsor Sen. A. J. Wilhelmi 3/11/2010SenateAdded as Co-Sponsor Sen. John M. Sullivan 3/11/2010SenateAdded as Co-Sponsor Sen. Toi W. Hutchinson 3/11/2010SenateAdded as Co-Sponsor Sen. Heather Steans 3/11/2010SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins 3/11/2010SenateAdded as Co-Sponsor Sen. Terry Link 3/11/2010SenateAdded as Co-Sponsor Sen. Ira I. Silverstein 3/11/2010SenateThird Reading - Passed; 053-000-000 3/11/2010HouseArrived in House 3/12/2010HouseChief House Sponsor Rep. Barbara Flynn Currie 3/12/2010HousePlaced on Calendar Order of First Reading 3/12/2010HouseFirst Reading 3/12/2010HouseReferred to Rules Committee 3/25/2010SenateSponsor Removed Sen. Terry Link 4/15/2010HouseAdded Alternate Chief Co-Sponsor Rep. Al Riley 4/22/2010HouseCommittee Deadline Extended-Rule 9(b) April 30, 2010 4/22/2010HouseAssigned to Executive Committee 4/23/2010HouseAdded Alternate Chief Co-Sponsor Rep. Mike Fortner 4/30/2010HouseCommittee/Final Action Deadline Extended-9(b) May 8, 2010 5/3/2010HouseAdded Alternate Chief Co-Sponsor Rep. Greg Harris 5/5/2010HouseHouse Committee Amendment No. 1 Filed with Clerk by Executive Committee 5/5/2010HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote 5/5/2010HouseDo Pass as Amended / Short Debate Executive Committee; 011-000-000 5/5/2010HousePlaced on Calendar 2nd Reading - Short Debate 5/5/2010HouseSecond Reading - Short Debate 5/5/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/5/2010HouseAlternate Chief Co-Sponsor Removed Rep. Mike Fortner 5/5/2010HouseAdded Alternate Chief Co-Sponsor Rep. Joseph M. Lyons 5/5/2010HouseAdded Alternate Chief Co-Sponsor Rep. Sidney H. Mathias 5/5/2010HouseAlternate Chief Co-Sponsor Removed Rep. Al Riley 5/5/2010HouseAdded Alternate Co-Sponsor Rep. Al Riley 5/5/2010HouseAdded Alternate Chief Co-Sponsor Rep. Mark L. Walker 5/5/2010HouseAdded Alternate Co-Sponsor Rep. Fred Crespo 5/5/2010HouseAdded Alternate Co-Sponsor Rep. Monique D. Davis 5/5/2010HouseAdded Alternate Co-Sponsor Rep. Kenneth Dunkin 5/5/2010HouseAdded Alternate Co-Sponsor Rep. John D'Amico 5/5/2010HouseAdded Alternate Co-Sponsor Rep. Maria Antonia Berrios 5/5/2010HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez 5/5/2010HouseAdded Alternate Co-Sponsor Rep. Cynthia Soto 5/6/2010HouseAdded Alternate Co-Sponsor Rep. John A. Fritchey 5/6/2010HouseAdded Alternate Co-Sponsor Rep. Harry Osterman 5/6/2010HouseAdded Alternate Co-Sponsor Rep. Sara Feigenholtz 5/6/2010HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Barbara Flynn Currie 5/6/2010HouseHouse Floor Amendment No. 2 Referred to Rules Committee 5/6/2010HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 003-001-000 5/6/2010HouseAdded Alternate Co-Sponsor Rep. Karen May 5/6/2010HouseAdded Alternate Co-Sponsor Rep. Carol A. Sente 5/6/2010HouseAdded Alternate Co-Sponsor Rep. Lou Lang 5/6/2010HouseAdded Alternate Co-Sponsor Rep. Elaine Nekritz 5/6/2010HouseAdded Alternate Co-Sponsor Rep. Robyn Gabel 5/6/2010HouseAdded Alternate Co-Sponsor Rep. Deborah Mell 5/6/2010HouseRecalled to Second Reading - Short Debate 5/6/2010HouseHouse Floor Amendment No. 2 Adopted by Voice Vote 5/6/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/6/2010HouseThird Reading - Short Debate - Passed 107-010-000 5/6/2010SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2 5/6/2010SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 6, 2010 5/6/2010SenateChief Sponsor Changed to Sen. Terry Link 5/6/2010SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Terry Link 5/6/2010SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments 5/6/2010SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Terry Link 5/6/2010SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments 5/6/2010SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive 5/6/2010SenateHouse Floor Amendment No. 2 Motion to Concur Assignments Referred to Executive 5/6/2010SenateAdded as Chief Co-Sponsor Sen. Kwame Raoul 5/6/2010SenateAdded as Co-Sponsor Sen. Antonio Muņoz 5/6/2010SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 010-002-000 5/6/2010SenateHouse Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 010-002-000 5/6/2010SenateAdded as Chief Co-Sponsor Sen. Ira I. Silverstein 5/6/2010SenateAdded as Co-Sponsor Sen. Mattie Hunter 5/6/2010SenateAdded as Co-Sponsor Sen. Michael Bond 5/6/2010SenateAdded as Co-Sponsor Sen. Jeffrey M. Schoenberg 5/6/2010SenateAdded as Co-Sponsor Sen. Donne E. Trotter 5/6/2010SenateAdded as Co-Sponsor Sen. M. Maggie Crotty 5/6/2010SenateHouse Committee Amendment No. 1 Senate Concurs 054-004-000 5/6/2010SenateHouse Floor Amendment No. 2 Senate Concurs 054-004-000 5/6/2010SenatePassed Both Houses 5/6/2010HouseAdded Alternate Co-Sponsor Rep. Esther Golar 5/6/2010HouseAdded Alternate Co-Sponsor Rep. Eddie Lee Jackson, Sr. 6/4/2010SenateSent to the Governor 8/2/2010SenateGovernor Approved 8/2/2010SenateEffective Date August 2, 2010 8/2/2010SenatePublic Act . . . . . . . . . 96-1418