SB 2542 Illinois Senate · 93rd Regular Session

LOGOV-ENTERPRISE ZN-DISCLOSE

Summary
Amends the Illinois Enterprise Zone Act. Requires the owners of all businesses that want to locate in an enterprise zone to disclose all of their landholdings within the enterprise zone. Provides that refusal to make the disclosure rescinds all enterprise zone tax incentives provided to the business. Amends the Public Officer Prohibited Activities Act. Requires disclosure of the identity of any member, shareholder, limited partner, or general partner entitled to receive any percentage (now, more than 7.5%) of the total distributable income of any limited liability company, corporation, or limited partnership having any interest in real property that is the subject of a contract by and between the State or any unit of local government or any State or local government agency. Provides that, if the interest, stock, or shares in a limited liability company, corporation, or general partnership is publicly traded and there is no readily known individual having any interest (now, greater than a 7.5% interest), then a statement to that effect will fulfill the disclosure statement requirement. Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
Mar 2004
Committee Review
Mar 2004
Senate Passage
Mar 2004
House Passage
Governor
Introduced Mar 26, 2004 Last action Jan 11, 2005
Floor votes · Senate Mar 25, 2004

How they voted

53–0
Passed · 3 other
Total votes 56
Mar 25, 2004
D Democratic30
29 Yea 1
96% Yea
R Republican26
24 Yea 2
92% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
18
Key actions
2
Committee
4
Mar 30, 2004
Committee
Referred to Rules Committee
lower
Mar 26, 2004
Introduced
Arrived in House
lower
Mar 25, 2004
Senate · Passed
Senate Vote: pass (53-0-3)
senate
Feb 26, 2004
Upper · Passed
Do Pass Revenue; 010-000-000
upper
Feb 18, 2004
Committee
Assigned to Revenue
upper
Feb 3, 2004
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.