Illinois General Assembly - Full Text of HB3934

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Full Text of HB3934 97th General Assembly

Introduced   Engrossed   Enrolled
House Amendment 001   House Amendment 002   House Amendment 003

Public Act
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HB3934ham003 97TH GENERAL ASSEMBLY
Rep. Jack D. Franks
Filed: 3/5/2012

09700HB3934ham003 LRB097 15154 HLH 67154 a

1 AMENDMENT TO HOUSE BILL 3934
2     AMENDMENT NO. ______. Amend House Bill 3934, AS AMENDED, by
3 replacing everything after the enacting clause with the
4 following:

5     "Section 5. The Economic Development for a Growing Economy
6 Tax 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
9 determining the~~the~~amount of the Credit that should be
10 awarded, the Committee shall provide guidance on, and the
11 Department shall take into consideration, the following
12 factors:
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.

09700HB3934ham003 - 2 - LRB097 15154 HLH 67154 a

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.)".

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