Bill Status of SB0485 101st General Assembly
Short Description: FINANCE-TECH
Sen. Mattie Hunter
(Rep. Kambium Buckner and Yehiel M. Kalish)
| 1/13/2021||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the State Finance Act. Makes a technical change in a Section concerning the short title.
Senate Floor Amendment No. 1
Replaces everything after the enacting clause. Amends the Metropolitan Pier and Exposition Authority Act. Changes the name of the Act and Authority to the Metropolitan Public Exposition Authority Act and the Metropolitan Public Exposition Authority. Provides that the Authority may enter into installment payments contracts or lease purchase agreements for specified purposes. In provisions regarding the Metropolitan Public Exposition Authority's ability to levy taxes on persons engaged in the business of selling tangible personal property at retail, changes the areas in which the tax may be imposed and prohibits the tax from being imposed on any food, alcoholic beverage, or soft drink sold at a stadium or arena having a seating capacity in excess of 20,000 and used primarily for the purpose of holding sports and amusement events. Increases specified bonding authority of the Authority from $2,850,000,000 to $3,450,000,000. Increases the minimum contract amount requiring a contract to be competitively bid or require a request for proposal. Makes other changes relating to minority-owned, women-owned, and veteran-owned businesses and contractors, contracts for professional services, and contracts entered into pursuant to the Governmental Joint Purchasing Act. Amends various Acts, Laws, and Codes making conforming changes concerning the Act's title and Authority's name. Amends the State Finance Act, Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act. Increases the amounts that may be deposited into the McCormick Place Expansion Project Fund through the year 2036 (currently, through 2032), allowing for increases each fiscal year thereafter that bonds are outstanding, but not after fiscal year 2070 (currently, 2060). Effective immediately.
|Date||Chamber|| Action|| 1/31/2019||Senate||Filed with Secretary by Sen. John J. Cullerton|| 1/31/2019||Senate||First Reading|| 1/31/2019||Senate||Referred to Assignments|| 2/20/2019||Senate||Assigned to Executive|| 3/6/2019||Senate||Do Pass Executive; 016-000-000|| 3/6/2019||Senate||Placed on Calendar Order of 2nd Reading March 7, 2019|| 3/7/2019||Senate||Second Reading|| 3/7/2019||Senate||Placed on Calendar Order of 3rd Reading March 12, 2019|| 4/12/2019||Senate||Rule 2-10 Third Reading Deadline Established As May 2, 2019|| 5/2/2019||Senate||Rule 2-10 Third Reading Deadline Established As May 10, 2019|| 5/10/2019||Senate||Rule 2-10 Third Reading Deadline Established As May 31, 2019|| 5/28/2019||Senate||Senate Floor Amendment No. 1 Filed with Secretary by Sen. Mattie Hunter|| 5/28/2019||Senate||Senate Floor Amendment No. 1 Referred to Assignments|| 5/28/2019||Senate||Senate Floor Amendment No. 1 Assignments Refers to Executive|| 5/29/2019||Senate||Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 012-001-001|| 5/29/2019||Senate||Chief Sponsor Changed to Sen. Mattie Hunter|| 5/29/2019||Senate||Recalled to Second Reading|| 5/29/2019||Senate||Senate Floor Amendment No. 1 Adopted; Hunter|| 5/29/2019||Senate||Placed on Calendar Order of 3rd Reading|| 5/29/2019||Senate||Third Reading - Passed; 044-006-000|| 5/29/2019||House||Arrived in House|| 5/29/2019||House||Chief House Sponsor Rep. Kambium Buckner|| 5/29/2019||House||Added Alternate Co-Sponsor Rep. Yehiel M. Kalish|| 5/29/2019||House||First Reading|| 5/29/2019||House||Referred to Rules Committee|| 5/30/2019||House||Assigned to Executive Committee|| 5/30/2019||House||Final Action Deadline Extended-9(b) May 31, 2019|| 5/30/2019||House||Motion Filed to Suspend Rule 21 Executive Committee; Rep. Natalie A. Manley|| 5/30/2019||House||Motion to Suspend Rule 21 - Prevailed || 5/31/2019||House||Final Action Deadline Extended-9(b) June 30, 2019|| 6/28/2019||House||Rule 19(a) / Re-referred to Rules Committee|| 1/13/2021||Senate||Session Sine Die|