Illinois General Assembly - Full Text of HB3934
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Full Text of HB3934  97th General Assembly


Rep. Jack D. Franks

Filed: 3/5/2012





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2    AMENDMENT NO. ______. Amend House Bill 3934, AS AMENDED, by
3replacing everything after the enacting clause with the
5    "Section 5. The Economic Development for a Growing Economy
6Tax Credit Act is amended by changing Section 5-40 as follows:
7    (35 ILCS 10/5-40)
8    Sec. 5-40. Determination of Amount of the Credit. In
9determining the the amount of the Credit that should be
10awarded, the Committee shall provide guidance on, and the
11Department shall take into consideration, the following
13        (1) The number and location of jobs created and
14    retained in relation to the economy of the county where the
15    projected investment is to occur.
16        (2) The potential impact on the economy of Illinois.



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1        (3) The magnitude of the cost differential between
2    Illinois and the competing state.
3        (4) The incremental payroll attributable to the
4    project.
5        (5) The capital investment attributable to the
6    project.
7        (6) The amount of the average wage and benefits paid by
8    the Applicant in relation to the wage and benefits of the
9    area of the project.
10        (7) The costs to Illinois and the affected political
11    subdivisions with respect to the project.
12        (8) The financial assistance that is otherwise
13    provided by Illinois and the affected political
14    subdivisions.
15(Source: P.A. 91-476, eff. 8-11-99.)".