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HB 1480 Illinois House · 93rd Regular Session

BANKING DEVELOPMENT DISTRICT

Summary
Creates the Banking Development District Act. Creates a program to encourage the establishment of banking branches in locations where there is the greatest need for banking services. Requires the State Treasurer, in consultation with the Office of Banks and Real Estate, to adopt rules that set forth criteria for the establishment of banking development districts. Provides that a municipality or a county, in conjunction with a bank, may apply to the State Treasurer to have property designated as a banking development district. Amends the Property Tax Code. Provides that a taxing district may abate a portion of the property taxes on a banking branch in an area designated as a banking development district. Effective immediately.
Bill status vetoed 4 of 5 stages cleared
Introduction
Apr 2003
Committee Review
May 2003
House Passage
May 2003
Senate Passage
May 2003
Vetoed
Nov 2003
Introduced Apr 2, 2003 Vetoed Nov 21, 2003
Floor votes · Senate May 16, 2003 · House Mar 27, 2003

How they voted

49–0
Passed
Total votes 49
May 16, 2003
D Democratic27
27 Yea
100% Yea
R Republican22
22 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
49
Key actions
5
Committee
7
Nov 21, 2003
Vetoed
Bill Dead - No Positive Action Taken - Amendatory Veto
lower
Nov 14, 2003
Vetoed
Motion Filed Override Amendatory Veto Sen. Donne E. Trotter
upper
Nov 6, 2003
Vetoed
Placed on Calendar Amendatory Veto November 18, 2003
upper
Nov 4, 2003
Vetoed
Override Amendatory Veto - House Passed 109-000-008
lower
Oct 31, 2003
Vetoed
Motion Filed Override Amendatory Veto Rep. Lovana Jones
lower
Oct 23, 2003
Vetoed
Placed on Calendar Amendatory Veto November 4, 2003
lower
Aug 12, 2003
Vetoed
Governor Amendatory Veto
lower
May 16, 2003
Lower · Passed
Passed Both Houses
lower
May 16, 2003
Senate · Passed
Senate Vote: pass (49-0)
senate
May 1, 2003
Upper · Passed
Do Pass Financial Institutions; 009-000-000
upper
Apr 16, 2003
Committee
Assigned to Financial Institutions
upper
Apr 8, 2003
Committee
Referred to Rules
upper
Apr 2, 2003
Introduced
Arrive in Senate
upper
Mar 27, 2003
House · Passed
House Vote: pass (99-3-4)
house
Mar 12, 2003
Lower · Passed
Do Pass / Short Debate Financial Institutions Committee; 018-000-000
lower
Mar 5, 2003
Committee
Re-assigned to Financial Institutions Committee
lower
Feb 11, 2003
Committee
Assigned to Executive Committee
lower
Feb 6, 2003
Committee
Referred to Rules Committee
lower
0 primary · 3 co-sponsors

Sponsors

No sponsor information available.