IL HB3707

Allows Department of Commerce and Economic Opportunity to consider American Community Survey data in addition to federal decennial census data when evaluating poverty rates and other eligibility criteria for Enterprise Zones.

Permits Department to award partial points on a pro rata basis to applicants demonstrating job creation and investment below the specified thresholds of 1,000 jobs and $100 million investment.

Changes application timeline for Enterprise Zones expiring on or after January 1, 2022 from 2 years to 5 years before expiration, allowing more time for reapplication or new designation.

Establishes provisional decertification process for Enterprise Zones with no reported capital investment, job creation/retention, or State tax expenditures for 3 consecutive calendar years, with 6-month probationary period before final decertification.

Increases total number of Enterprise Zones that may exist in the State from previous limits to a total of 97 zones, with requirement that at least 25% of available zones in each year (when 4 or more are available) go to counties with populations under 300,000.