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| AN ACT concerning business incentives.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 1. Short title. This Act may be cited as the |
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| Business Location Efficiency Incentive Act. |
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| Section 5. Definitions. In this Act: |
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| "Location efficient" means a project that maximizes the use |
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| of existing investments in infrastructure, avoids or minimizes |
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| additional government expenditures for new infrastructure, and |
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| has nearby housing affordable to the permanent workforce of the |
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| project or has accessible and affordable mass transit or its |
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| equivalent or some combination of both. |
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| "Location efficiency report" means a report that is |
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| prepared by an applicant for increased State economic |
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| development assistance under Section 10 and follows this Act |
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| and any related Department guidelines, and that describes the |
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| existence of (i) affordable workforce housing or (ii) |
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| accessible and affordable mass transit or its equivalent. |
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| "Employee housing or transportation remediation plan" |
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| means a plan to increase affordable housing or transportation |
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| options, or both, for employees earning up to the median annual |
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| salary of the workforce at the project. The plan may include, |
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| but is not limited to, an employer-financed or assisted housing |
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| program that can be supplemented by State or federal grants, |
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| shuttle services between the place of employment and existing |
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| transit stops or other reasonably accessible places, |
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| facilitation of employee carpooling, or similar services. |
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| "Accessible and affordable mass transit" means access to |
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| transit stops with regular and frequent service within one mile |
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| from the project site and pedestrian access to transit stops. |
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| "Affordable workforce housing" means owner-occupied or |
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| rental housing that costs, based on current census data for the |
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| municipality where the project is located or any municipality |
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| within 3 miles of the municipality where the project is |
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| located, no more than 35% of the median salary at the project |
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| site, exclusive of the highest 10% of the site's salaries. If |
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| the project is located in an unincorporated area, "affordable |
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| workforce housing" means no more than 35% of the median salary |
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| at the project site, excluding the highest 10% of the site's |
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| salaries, based on the median cost of rental or of |
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| owner-occupied housing in the county where the unincorporated |
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| area is located. |
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| "Department" means the Department of Commerce and Economic |
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| Opportunity (DCEO) or its successor agency. |
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| "Applicant" means a company or its representative that |
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| negotiates or applies for economic development assistance from |
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| DCEO. |
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| "Economic development assistance" means State tax credits |
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| and tax exemptions given as an incentive to an eligible company |
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| after certification by DCEO under the Economic Development for |
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| a Growing Economy Tax Credit Act (EDGE). |
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| "Existence of infrastructure" means the existence within |
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| 1,500 feet of the proposed site of roads, sewers, sidewalks, |
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| and other utilities and a description of the investments or |
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| improvements, if any, that an applicant expects State or local |
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| government to make to that infrastructure. |
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| Section 10. Economic development assistance awards. |
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| (a) An applicant that also wants to be considered for |
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| increased economic development assistance under this Act shall |
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| submit a location efficiency report. |
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| (b) DCEO may give an applicant an increased tax credit or |
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| extension if the applicant's location efficiency report |
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| demonstrates that the applicant is seeking assistance for a |
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| project to be located in an area that satisfies this Act's |
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| standards for affordable workforce housing or affordable and |
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| accessible mass transit. If the Department determines from the |
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| location efficiency report that the applicant is seeking |
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| assistance in an area that is not location efficient, the |
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| Department may award an increase in State economic development |
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| assistance if an applicant (i) submits, and the Department |
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| accepts, an applicant's employee housing and transportation |
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| remediation plan or (ii) creates jobs in a labor surplus area |
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| as defined by the Department of Employment Security at the end |
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| of each calendar year. |
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| (c) Applicants locating or expanding at location-efficient |
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| sites, with approved location efficiency plans, or creating |
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| jobs in labor surplus areas may receive (i) up to 10% more than |
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| the maximum allowable tax credits for which they are eligible |
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| under the Economic Development for a Growing Economy Tax Credit |
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| Act (EDGE), but not to equal or exceed 100% of the applicant's |
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| tax liability, or (ii) such other adjustment of those tax |
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| credits, including but not limited to extensions, as the |
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| Department deems appropriate. |
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| (d) The Department may provide technical assistance to |
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| employers requesting assistance in developing an appropriate |
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| employee housing or transportation plan. |
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| Section 15. Summaries; progress reports. |
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| (a) DCEO shall include summaries of the initial employee |
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| housing or transportation plans for each assisted project in |
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| the annual compilation and publication of project progress |
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| reports required under subsection (d) of Section 20 of the |
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| Corporate Accountability for Tax Expenditures Act. Companies |
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| that fail to do so or that make inadequate progress shall have |
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| their increased tax credit or extension eliminated. Applicants |
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| and submitted data are subject to all disclosure, reporting, |
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| and recapture provisions set forth in Public Act 93-552. |
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| (b) By June 1, 2008 and by June 1 of each year thereafter |
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| through 2011, the Department shall include, when appropriate, |
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| data on the outcomes or status of approved employee housing or |
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| transportation plans in the project progress reports required |
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| under the Corporate Accountability for Tax Expenditure Act.
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| Section 20. Duration of incentives; report to General |
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| Assembly. |
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| (a) Any multi-year incentive awarded under this Act shall |
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| continue for the time period called for in the agreement with |
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| the Department and shall not be altered by the repeal of this |
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| Act. |
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| (b) By January 1, 2011, the Department shall submit to the |
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| Speaker of the House of Representatives and the President of |
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| the Senate, for assignment to the appropriate committees, a |
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| report on the incentives awarded under this Act and the |
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| Department's activities, findings, and recommendations with |
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| respect to this Act and its extension, amendment, or repeal. |
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| The report, when acted upon by those committees, shall be |
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| distributed to each member of the General Assembly. |
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| Section 25. Repeal. This Act is repealed on December 31, |
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| 2011.
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| Section 99. Effective date. This Act takes effect January |
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| 1, 2007.
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