JACOBS. (BRUNSVOLD) 35 ILCS 200/18-165 Amends the Property Tax Code. Includes in the list of commercial and industrial property that may receive a tax abatement the property of any commercial or industrial firm currently located in the taxing district with the intent of expanding a facility or its number of employees. Provides that the abatement shall not exceed a period of 10 years and an aggregate amount of $10,000,000 for all taxing districts. Increases the aggregate abatement for property of any commercial or industrial firm locating within the taxing district during the immediately preceding year from another state, territory, or county, or newly created during the immediately preceding year from $3,000,000 to $10,000,000. SENATE AMENDMENT NO. 1. Provides that the property tax abatement for a commercial or industrial firm currently located in the taxing district that ex- pands a facility (now with the intent of expanding a facility) or its number of employees shall not exceed an aggregate amount of $4,000,000 for all taxing districts (now $10,000,000). Deletes amendatory lan- guage increasing from $3,000,000 to $10,000,000 the aggregate abate- ment for property of any commercial or industrial firm locating within the taxing district during the immediately preceding year or newly created during the immediately preceding year and increases it instead from $3,000,000 to $4,000,000. SENATE AMENDMENT NO. 2. Provides that property designed exclusively for the racing of motor vehicles which is located within a county with 130,000 or more but less than 150,000 inhabitants may, upon the majority vote of the governing authority, receive a property tax abatement. SENATE AMENDMENT NO. 3. Provides that any taxing district may abate the taxes on property designed exclusively for the racing of motor vehicles (now, property designed exclusively for the racing of motor vehicles which became subject to property taxation after September 24, 1984 and is located within a county with 225,000 or more but less than 300,000 inhabitants). HOUSE AMENDMENT NO. 1. Adds reference to: 55 ILCS 5/5-1008.5 new 70 ILCS 510/18.2 rep. Amends the Counties Code. Allows the Rock Island County Board, upon referendum approval, to impose a retailers' occupation tax, a service occupation tax, and a use tax at a rate of 1/4 of 1% for the sole purpose of obtaining funds for the economic development activities of Rock Island county and communities located within the county, including creation and retention of job opportunities, support of affordable housing opportunities, and enhancement of quality of life improvements. Repeals a Section in the Quad Cities Regional Economic Development Authority Act allowing the Quad Cities Regional Economic Development Authority, upon referendum approval, to impose a retailers' occupation tax and a service occupation tax to finance a U.S. Department of Defense facility. Adds an immediate effective date. FISCAL NOTE, H-AM 1 (Dept. of Revenue) SB 677 will generate an estimated $2,780,000, annually for the Rock Island County Board for economic development activities of the Quad Cities Regional Economic Development Authority. The Dept. of Revenue will realize additional indeterminable admini- stative costs for collection and enforcement of this tax with- out compensation. 97-02-06 S FIRST READING 97-02-06 S REFERRED TO SENATE RULES COMMITTEE RULES 97-02-19 S ASSIGNED TO COMMITTEE REVENUE 97-02-28 S POSTPONED 97-03-06 S POSTPONED 97-03-13 S AMENDMENT NO. 01-REVENUE S 97-03-13 S ADOPTED 97-03-13 S AMENDMENT NO. 02-REVENUE S 97-03-13 S ADOPTED 97-03-13 S DO PASS AS AMENDED 007-002-000 SREV 97-03-13 S PLACED ON CALENDAR ORDER OF 2ND READING 97-03-14 97-03-17 S FILED WITH SECRETARY 97-03-17 S AMENDMENT NO. 03-JACOBS 97-03-17 S AMENDMENT REFERRED TO SRUL 97-03-17 S SECOND READING 97-03-17 S PLACED ON CALENDAR ORDER OF 3RD READING 97-03-18 97-03-17 S AMENDMENT NO. 03-JACOBS 97-03-17 S BE APPROVED FOR CONSIDERATION SRUL 97-03-18 S RECALLED TO SECOND READING 97-03-18 S AMENDMENT NO. 03-JACOBS 97-03-18 S ADOPTED 97-03-18 S PLACED ON CALENDAR ORDER OF 3RD READING 97-03-19 97-03-19 S THIRD READING - PASSED 053-001-001 97-03-19 H ARRIVE IN HOUSE 97-03-19 H PLACED CALENDAR ORDER OF FIRST READING 97-04-15 H HOUSE SPONSOR BRUNSVOLD 97-04-15 H FIRST READING 97-04-15 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-04-23 H ASSIGNED TO COMMITTEE REVENUE 97-05-08 H AMENDMENT NO. 01-REVENUE H 97-05-08 H ADOPTED 97-05-08 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV 97-05-08 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-05-08 H FISCAL NOTE REQUESTED AS AMEND./MOORE,A 97-05-08 H STATE MANDATES FISCAL NOTE REQUESTED AS AMEND./MOORE,A 97-05-08 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-05-12 H FISCAL NOTE FILED AS AMENDED 97-05-12 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-05-13 H STATE MANDATES FISCAL NOTE REQST-WITHDRN MOORE,ANDREA 97-05-13 H SECOND READING-SHORT DEBATE 97-05-13 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-05-14 H THIRD READING/SHORT DEBATE/PASSED 101-014-000 97-05-15 S SECRETARYS DESK - CONCURRENCE 01 97-05-16 S FILED WITH SECRETARY 97-05-16 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/JACOBS 97-05-16 S MOTION REFERRED TO SRUL 97-05-20 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/JACOBS 97-05-20 S RULES REFERS TO SREV 97-05-20 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/JACOBS 97-05-20 S BE ADOPTED SREV/007-001-000 97-05-20 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/JACOBS 97-05-20 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/056-001-000 97-05-20 S PASSED BOTH HOUSES 97-06-18 S SENT TO THE GOVERNOR 97-08-15 S GOVERNOR APPROVED 97-08-15 S EFFECTIVE DATE 97-08-15 97-08-15 S PUBLIC ACT.............................. 90-0415 END OF INQUIRY Full Text Bill Summary