Sen. Michael Bond
Filed: 3/23/2007
 
 

 




 

 		












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AMENDMENT TO SENATE BILL 1097 




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    AMENDMENT NO. ______. Amend Senate Bill 1097 by replacing 
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everything after the enacting clause.

 
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    "Section 5. The Department of Commerce and Economic 
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Opportunity Law of the
Civil Administrative Code of Illinois is 
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amended  by adding Section 605-312 as follows:
 
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    (20 ILCS 605/605-312  new)
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    Sec. 605-312. Advanced science and technology study. 
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Subject to appropriation, the Department may conduct a research 
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study regarding the creation of advanced science zones and 
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other innovative policy proposals to encourage the creation of 
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appropriately compensated high-skill and high-technology jobs 
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in Illinois.  The purpose of the study is to explore ways and 
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means of stimulating growth, stabilization, and retention of 
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advanced sciences in the State by means of relaxed government 
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controls and tax incentives in those areas.  The study shall 
 


 






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provide, but not be limited to, detailed information including 
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best practices for the creation and administration of advanced 
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science zones in Illinois.  The research study may also include 
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data regarding the creation of financing programs and tax 
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incentives for businesses and institutions located within 
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Advanced Science Zones.  A copy of the completed research report 
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shall be made available to members of the General Assembly upon 
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their request no later than January 31, 2008.
 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.".