Illinois General Assembly - Full Text of SB1342
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Full Text of SB1342  96th General Assembly


Rep. Careen M. Gordon

Filed: 5/28/2009





09600SB1342ham001 LRB096 10420 RLJ 27596 a


2     AMENDMENT NO. ______. Amend Senate Bill 1342 on page 1,
3 line 13, by replacing "employer" with "developer"; and
4 on page 4, immediately below line 2, by inserting the
5 following:
6     "Notwithstanding any provision to the contrary, an
7 employee employed in a part of the project that lies within a
8 business district created pursuant to Division 74.3 of Article
9 11 of the Illinois Municipal Code or a redevelopment project
10 area created pursuant to the Tax Increment Allocation
11 Redevelopment Act shall not be considered a new employee."; and
12 on page 5, by replacing lines 19 through 21 with the following:
13 "fund in the State treasury. As soon as possible, upon
14 certification of the Department of Revenue following review of
15 the amounts contained in the quarter annual report required
16 under paragraph (4) of Section 30, the Comptroller shall order



09600SB1342ham001 - 2 - LRB096 10420 RLJ 27596 a

1 transferred and the"; and
2 on page 7, by replacing lines 13 through 19 with the following:
3         "(4) A requirement that the eligible developer shall
4     report on a quarter annual basis to the Department and the
5     Department of Revenue the number of new employees and the
6     incremental income tax withheld in connection with the new
7     employees.
8         (5) A provision authorizing the Department to verify
9     with the Department of Revenue the amounts reported under
10     paragraph (4).
11         (6) A provision authorizing the Department of Revenue
12     to audit the information reported under paragraph (4).";
13     and
14 on page 7, immediately below line 19, by inserting the
15 following:
16     "Section 35. Rules. The Department and the Department of
17 Revenue may promulgate rules necessary to implement this Act.".