90th General Assembly
Summary of SB1705
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
Senate Sponsors:

House Sponsors:

Short description: 
ENVIRONMENTAL REMEDIATION CRED                                             

Synopsis of Bill as introduced:
        Amends the  Environmental  Protection  Act.   Provides  that  the      
   Agency  shall have the authority to administer a Brownfields revolving      
   loan  program  using  grant  money  awarded  by  the   United   States      
   Environmental Protection Agency.                                            
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          415 ILCS 5/58.13                                                     
          Adds reference to:                                                   
          35 ILCS 5/201                   from Ch. 120, par. 2-201             
          415 ILCS 5/58.14                                                     
        Deletes everything. Amends the Illinois Income Tax  Act  and  the      
   Environmental Protection Act.  Increases the Environmental Remediation      
   Tax  Credit  for  unreimbursed  eligible remediation costs for certain      
   sites located in an enterprise zone.                                        
        HOUSE AMENDMENT NO. 1.                                                 
          Adds reference to:                                                   
          35 ILCS 105/12                  from Ch. 120, par. 439.12            
          35 ILCS 110/12                  from Ch. 120, par. 439.42            
          35 ILCS 115/12                  from Ch. 120, par. 439.112           
          35 ILCS 120/1o new                                                   
        Amends the Retailers' Occupation Tax Act.  Exempts jet  fuel  and      
   petroleum  products used and consumed by aircraft support centers that      
   meet certain requirements from the tax imposed by the Act.    Requires      
   the  business  operating  the  aircraft  support  center  to  obtain a      
   certificate of eligibility for the exemptions from the  Department  of      
   Commerce  and Community Affairs.  Requires the support center to repay      
   exempted taxes to the Department of Revenue if the facility  fails  to      
   meet  certain  requirements.   Requires  the  business  to present the      
   certificate to its supplier when purchasing items  exempted  by  these      
   provisions.      Exempts   these  provisions  from  the  Act's  sunset      
   requirements. Amends the Use Tax Act, the Service Use Tax Act, and the      
   Service Occupation Tax Act to provide that the exemptions for jet fuel      
   and petroleum products used and consumed by aircraft  support  centers      
   shall apply if not inconsistent with the provisions of these Acts.          
          FISCAL NOTE, H-AM 1 (Dpt. of Revenue)                                
          SB 1705 does not create a fiscal impact to the State.                
          STATE MANDATES ACT FISCAL NOTE, H-AM 1                               
          Fails to create a State mandate.                                     
          HOME RULE NOTE, H-AM 1                                               
          Fails to preempt home rule authority.                                
Last action on Bill: PUBLIC ACT.............................. 90-0792

   Last action date: 98-08-14

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   1


 Full Text  Bill Status