SB 1172 Illinois Senate · 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 failed 1 of 4 stages cleared

Introduction

Feb 2003

Committee Review

Floor Vote

Governor

Introduced Feb 20, 2003 Last action Jan 11, 2005

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 11, 2005

Senate · Failed

Session Sine Die

Mar 14, 2003

Senate · Referred to committee

Rule 3-9(a) / Re-referred to Rules

Feb 27, 2003

Senate · Referred to committee

Assigned to Financial Institutions

Feb 20, 2003

Senate · Referred to committee

Referred to Rules

0 primary · 1 co-sponsor