Illinois General Assembly - Bill Status for HB1480
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 Bill Status of HB1480  93rd General Assembly

Short Description:  BANKING DEVELOPMENT DISTRICT

House Sponsors
Rep. Lovana Jones - Bill Mitchell - Kenneth Dunkin - Mary E. Flowers, Annazette Collins, Frank Aguilar, Mike Bost, Robert Rita, Thomas Holbrook and Charles G. Morrow, III

Senate Sponsors
(Sen. Donne E. Trotter - Jacqueline Y. Collins - Mattie Hunter, Dan Rutherford and Dale E. Risinger)

Last Action
DateChamber Action
  11/21/2003HouseBill Dead - No Positive Action Taken - Amendatory Veto

Statutes Amended In Order of Appearance
New Act
35 ILCS 200/18-167 new


Synopsis As Introduced
Creates the Banking Development District Act. Creates a program to encourage the establishment of banking branches in locations where there is the greatest need for banking services. Requires the State Treasurer, in consultation with the Office of Banks and Real Estate, to adopt rules that set forth criteria for the establishment of banking development districts. Provides that a municipality or a county, in conjunction with a bank, may apply to the State Treasurer to have property designated as a banking development district. Amends the Property Tax Code. Provides that a taxing district may abate a portion of the property taxes on a banking branch in an area designated as a banking development district. Effective immediately.

 Fiscal Note (Department of Revenue)
 There is no fiscal impact to the State. Local taxing districts that authorize the abatement of any portion of property taxes under this Act will shoulder the burden of any fiscal impact created.

Governor Amendatory Veto Message
Recommends that the bill be amended to provide that the banking development district program be administered by the Office of Banks and Real Estate rather than the State Treasurer.

Actions 
DateChamber Action
  2/6/2003HouseFiled with the Clerk by Rep. Lovana Jones
  2/6/2003HouseFirst Reading
  2/6/2003HouseReferred to Rules Committee
  2/11/2003HouseAssigned to Executive Committee
  3/5/2003HouseRe-assigned to Financial Institutions Committee
  3/6/2003HouseAdded Chief Co-Sponsor Rep. Bill Mitchell
  3/6/2003HouseAdded Chief Co-Sponsor Rep. Kenneth Dunkin
  3/6/2003HouseAdded Chief Co-Sponsor Rep. Mary E. Flowers
  3/6/2003HouseAdded Co-Sponsor Rep. Annazette Collins
  3/6/2003HouseAdded Co-Sponsor Rep. Frank Aguilar
  3/6/2003HouseAdded Co-Sponsor Rep. Mike Bost
  3/12/2003HouseDo Pass / Short Debate Financial Institutions Committee; 018-000-000
  3/12/2003HousePlaced on Calendar 2nd Reading - Short Debate
  3/18/2003HouseFiscal Note Filed
  3/26/2003HouseSecond Reading - Short Debate
  3/26/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/26/2003HouseAdded Co-Sponsor Rep. Robert Rita
  3/27/2003HouseAdded Co-Sponsor Rep. Thomas Holbrook
  3/27/2003HouseAdded Co-Sponsor Rep. Charles G. Morrow, III
  3/27/2003HouseThird Reading - Short Debate - Passed 111-003-003
  4/2/2003SenateArrive in Senate
  4/2/2003SenatePlaced on Calendar Order of First Reading April 3, 2003
  4/7/2003SenateChief Senate Sponsor Sen. Donne E. Trotter
  4/8/2003SenateFirst Reading
  4/8/2003SenateReferred to Rules
  4/10/2003SenateAdded as Alternate Chief Co-Sponsor Sen. Kimberly A. Lightford
  4/16/2003SenateAssigned to Financial Institutions
  5/1/2003SenateSponsor Removed Sen. Kimberly A. Lightford
  5/1/2003SenateDo Pass Financial Institutions; 009-000-000
  5/1/2003SenatePlaced on Calendar Order of 2nd Reading May 6, 2003
  5/15/2003SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
  5/15/2003SenateSecond Reading
  5/15/2003SenatePlaced on Calendar Order of 3rd Reading May 16, 2003
  5/15/2003SenateAdded as Alternate Chief Co-Sponsor Sen. Mattie Hunter
  5/16/2003SenateAdded as Alternate Co-Sponsor Sen. Dan Rutherford
  5/16/2003SenateAdded as Alternate Co-Sponsor Sen. Dale E. Risinger
  5/16/2003SenateThird Reading - Passed; 059-000-000
  5/16/2003HousePassed Both Houses
  6/13/2003HouseSent to the Governor
  8/12/2003HouseGovernor Amendatory Veto
  10/23/2003HousePlaced on Calendar Amendatory Veto November 4, 2003
  10/31/2003HouseMotion Filed Override Amendatory Veto Rep. Lovana Jones
  11/4/2003House3/5 Vote Required
  11/4/2003HouseOverride Amendatory Veto - House Passed 109-000-008
  11/6/2003SenatePlaced on Calendar Amendatory Veto November 18, 2003
  11/14/2003SenateMotion Filed Override Amendatory Veto Sen. Donne E. Trotter
  11/21/2003HouseBill Dead - No Positive Action Taken - Amendatory Veto

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