Loading chat...

IL HB6143

Bill

Status

Failed

1/8/2013

Primary Sponsor

Scott Penny

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

  • Amends the Illinois Enterprise Zone Act to allow the Village of Brooklyn and the Village of Fairmont City to add areas within their jurisdictions to the existing East St. Louis/Washington Park Enterprise Zone without requiring contiguity with the current zone boundaries, subject to Department of Commerce and Economic Opportunity approval.

  • Exempts these zone expansions in Brooklyn and Fairmont City from the maximum allowable area restrictions that normally apply to enterprise zones under Section 4 of the Act.

  • Maintains existing procedures for enterprise zone amendments, including public hearing requirements and Department approval within 90 days of application, while creating this special exception for the two named villages.

  • Preserves existing rules that business enterprises and homestead program participants receive tax benefits for the original stated term of the zone, even if the zone is later decertified or reduced.

Legislative Description

ENTERPRISE ZONES-AMENDMENTS

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Rules3/26/2012

Full Bill Text

No bill text available