92nd General Assembly
Status of HB3364
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FRANKS-SCULLY-DAVIS,MONIQUE-DART, LANG, GILES, 
   YARBROUGH, FOWLER, SMITH,MICHAEL, O'BRIEN, CROTTY, 
   ACEVEDO, DELGADO, SOTO, MCCARTHY, MENDOZA, MILLER, 
   RYAN, BRADLEY, YOUNGE AND LYONS,JOSEPH.

(DILLARD-LINK-LAUZEN)

   New Act                                                                     
   30 ILCS 105/5.545 new                                                       

        Creates the Corporate Accountability for  Tax  Expenditures  Act.      
   Requires  reporting  and  disclosure  of  State  tax  expenditures and      
   property tax reductions and abatements.  Establishes job creation  and      
   job  quality  standards.   Provides  for  the recapture from recipient      
   corporations if goals are not met or if  employees  are  laid  off  or      
   terminated.  Provides that certain recaptured moneys must be deposited      
   into  the Development Assistance Recapture Fund.  Provides that moneys      
   in the Fund may be used by the Department of  Commerce  and  Community      
   Affairs  and  the Department of Employment Security for the purpose of      
   job training or retraining programs  for  workers.  Amends  the  State      
   Finance  Act  to  create  the  Development  Assistance Recapture Fund.      
   Effective immediately.                                                      
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          30 ILCS 105/5.545 new                                                
        Deletes everything after  the  enacting  clause.   Reinserts  the      
   short title of the New Act only.                                            
        HOUSE AMENDMENT NO. 2.                                                 
          Adds reference to:                                                   
          New Act                                                              
        Deletes everything.   Creates  the  State  Economic   Assistance       
   Accountability  Act.  Provides that State economic assistance provided      
   by the Department of Commerce and Community Affairs as an incentive to      
   a business organization must be  based  on  the  terms  of  a  written      
   incentive   agreement   between   the   Department  and  the  business      
   organization,  which  agreement  must  identify  the  specific   State      
   economic assistance to be provided to the business organization during      
   the  term  of  the agreement.  Lists terms the agreement must contain.      
   Effective immediately.                                                      
        HOUSE AMENDMENT NO. 3.                                                 
        Provides that State economic assistance incentive agreements must      
   provide that if a business  organization  either  fails  to  make  the      
   requisite  level  of  capital  investment  in  the project or fails to      
   create or retain the specified number of  jobs  within  the  specified      
   time  frame,  as provided under the Act authorizing the State economic      
   assistance, the business organization shall be  deemed  to  no  longer      
   qualify  for  the State economic assistance (now, no reference is made      
   to the Act authorizing the State economic assistance).                      
   MAR-05-2001  H  FILED WITH CLERK                                               
   MAR-05-2001  H  FIRST READING                                                  
   MAR-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   MAR-06-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-16-2001  H                             AMENDMENT NO. 01-REVENUE       H    
   MAR-16-2001  H                                   ADOPTED SUB                   
   MAR-16-2001  H  DO PASS AS AMENDED/STANDARD DEBATE       006-005-000   HREV    
   MAR-16-2001  H  PLACED CAL 2ND READING-STANDARD DEBATE                         
   MAR-22-2001  H                             AMENDMENT NO. 02-FRANKS             
   MAR-22-2001  H                     AMENDMENT REFERRED TO HRUL                  
   MAR-22-2001  H  CALENDAR ORDER 2ND READING-STANDARD DBT                        
   MAR-29-2001  H                             AMENDMENT NO. 03-FRANKS             
   MAR-29-2001  H                     AMENDMENT REFERRED TO HRUL                  
   MAR-29-2001  H  CALENDAR ORDER 2ND READING-STANDARD DBT                        
   APR-02-2001  H                             AMENDMENT NO. 02-FRANKS             
   APR-02-2001  H                           RULES REFERS TO HREV                  
   APR-02-2001  H                             AMENDMENT NO. 03-FRANKS             
   APR-02-2001  H                           RULES REFERS TO HREV                  
   APR-02-2001  H  CALENDAR ORDER 2ND READING-STANDARD DBT                        
   APR-03-2001  H                             AMENDMENT NO. 02-FRANKS             
   APR-03-2001  H  RECOMMENDS BE ADOPTED                    HREV/006-002-001      
   APR-03-2001  H                             AMENDMENT NO. 03-FRANKS             
   APR-03-2001  H  RECOMMENDS BE ADOPTED                    HREV/006-002-001      
   APR-03-2001  H  FISCAL NOTE REQUESTED AS AMENDED         BY HA'S 2&3/BLACK     
   APR-03-2001  H  STATE MNDT FISCAL NOTE RQSTD AS AMENDED  BY HA'S 2&3/BLACK     
   APR-03-2001  H  ADDED AS A JOINT SPONSOR                 SCULLY                
   APR-03-2001  H  ADDED AS A JOINT SPONSOR                 DAVIS,MONIQUE         
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    LANG                  
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    GILES                 
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    COLLINS               
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    YARBROUGH             
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    FOWLER                
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    SMITH,MICHAEL         
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    O'BRIEN               
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    CROTTY                
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    BROSNAHAN             
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    ACEVEDO               
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    DELGADO               
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    SOTO                  
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    MCCARTHY              
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    MENDOZA               
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    MILLER                
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    MCGUIRE               
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    RYAN                  
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    BRADLEY               
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    YOUNGE                
   APR-03-2001  H  ADDED AS A CO-SPONSOR                    LYONS,JOSEPH          
   APR-03-2001  H  SECOND READING-STANDARD DEBATE                                 
   APR-03-2001  H                             AMENDMENT NO. 02-FRANKS             
   APR-03-2001  H                                   ADOPTED                       
   APR-03-2001  H                             AMENDMENT NO. 03-FRANKS             
   APR-03-2001  H                                   ADOPTED                       
   APR-03-2001  H  HELD CAL ORDER 2ND READING-STANDARD DBT                        
   APR-03-2001  H  ADDED AS A JOINT SPONSOR                 DART                  
   APR-04-2001  H             FISCAL NOTE REQUEST-WITHDRAWN AS AMEND/BLACK        
   APR-04-2001  H  STATE MANDATES FISCAL NOTE REQST-WITHDRN AS AMEND/BLACK        
   APR-04-2001  H  HELD CAL ORDER 2ND READING-STANDARD DBT                        
   APR-05-2001  H  PLCD CAL ORDER 3RD READING-STNDRD DEBATE                       
   APR-05-2001  H  THIRD READING/STANDARD DEBATE/PASS       066-048-000           
   APR-06-2001  S  ARRIVE IN SENATE                                               
   APR-06-2001  S  PLACED CALENDAR ORDER OF FIRST READING   01-04-17              
   APR-09-2001  S  CHIEF SPONSOR                            LINK                  
   APR-10-2001  S  FIRST READING                                                  
   APR-10-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   APR-24-2001  S  ADDED AS A CHIEF CO-SPONSOR              LAUZEN                
   MAY-16-2001  S  ADDED AS A CO-SPONSOR                    SILVERSTEIN           
   APR-16-2002  S  SPONSOR REMOVED                          LINK                  
   APR-16-2002  S  ALTERNATE CHIEF SPONSOR CHANGED TO       DILLARD               
   APR-16-2002  S  CHIEF CO-SPONSOR CHANGED TO              LINK                  
   JAN-07-2003  H  SESSION SINE DIE                                               

   END OF INQUIRY 



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