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HB 4179 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. Places restrictions on granting an abatement to a bank that makes contributions to the Governor or the Treasurer. Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
Mar 2004
Committee Review
Apr 2004
House Passage
Mar 2004
Senate Passage
Governor
Introduced Mar 31, 2004 Last action Jan 11, 2005
Floor votes · House Mar 31, 2004

How they voted

61–50
Passed · 4 other
Total votes 115
Mar 31, 2004
D Democratic65
44 Yea 18 Nay 3
67% Yea
R Republican50
17 Yea 32 Nay 1
64% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
41
Key actions
3
Committee
4
Amendments
2
Apr 1, 2004
Committee
Referred to Rules
upper
Mar 31, 2004
Introduced
Arrive in Senate
upper
Mar 31, 2004
House · Passed
House Vote: pass (61-50-4)
house
Mar 3, 2004
Lower · Passed
Do Pass as Amended / Short Debate Financial Institutions Committee; 018-000-000
lower
Mar 3, 2004
Lower · Passed
House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
lower
Mar 3, 2004
Introduced
House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
lower
Feb 18, 2004
Committee
Assigned to Financial Institutions Committee
lower
Jan 26, 2004
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.