HB 4747 Illinois House · 94th Regular Session

DCEO-BUSINESS LOCTN INCENTIVES

Summary
Creates the Business Location Efficiency Incentive Act. Authorizes companies applying to the Department of Commerce and Economic Opportunity for certain economic development assistance tax credits to seek increased or extended tax credits if (i) the company's proposed project site is located in an area that capitalizes upon affordable workforce housing or accessible mass transit, (ii) the company submits to the Department an approved remediation plan to improve housing or access to mass transit, or (iii) the company's project is located in labor surplus areas. Provides for the Department's awarding of such incentives. Repeals the Act on December 31, 2010.
Bill status failed 1 of 4 stages cleared
Introduction
Jan 2006
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2006 Last action Jan 9, 2007
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Full legislative history

Actions timeline

Total actions
4
Key actions
0
Committee
1
Jan 9, 2007
House · Failed
Session Sine Die
Jan 18, 2006
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
Co
Photo of Kathleen A. Ryg
Kathleen A. Ryg
DDemocratic
IL
59