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 Full Text Bill Summary