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SB 2885 Illinois Senate · 94th Regular Session

DCEO-BUS LOCATION INCENTIVE

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, 2011. Effective January 1, 2007.
Bill status signed all 5 stages cleared
Introduction
Feb 2006
Committee Review
Mar 2006
Senate Passage
Apr 2006
House Passage
Apr 2006
Signed into Law
Jun 2006
Introduced Feb 27, 2006 Signed Jun 30, 2006
Floor votes · Senate Feb 27, 2006 · House Apr 3, 2006

How they voted

47–0
Passed · 7 other
Total votes 54
Feb 27, 2006
D Democratic28
25 Yea 3
89% Yea
R Republican26
22 Yea 4
84% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
46
Key actions
8
Committee
8
Amendments
2
Jun 30, 2006
Signed into law
Governor Approved
upper
Apr 3, 2006
Upper · Passed
Passed Both Houses
upper
Apr 3, 2006
House · Passed
House Vote: pass (105-1-9)
house
Mar 15, 2006
Lower · Passed
Do Pass / Short Debate International Trade & Commerce Committee; 016-000-000
lower
Mar 8, 2006
Committee
Assigned to International Trade & Commerce Committee
lower
Feb 28, 2006
Committee
Referred to Rules Committee
lower
Feb 27, 2006
Introduced
Arrived in House
lower
Feb 27, 2006
Senate · Passed
Senate Vote: pass (47-0-7)
senate
Feb 16, 2006
Upper · Passed
Do Pass as Amended Commerce & Economic Development; 010-000-000
upper
Feb 16, 2006
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Feb 7, 2006
Upper · Passed
Senate Committee Amendment No. 1 Rules Refers to Commerce & Economic Development
upper
Feb 1, 2006
Committee
Senate Committee Amendment No. 1 Referred to Rules
upper
Feb 1, 2006
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link
upper
Feb 1, 2006
Committee
Assigned to Commerce & Economic Development
upper
Jan 20, 2006
Committee
Referred to Rules
upper
0 primary · 6 co-sponsors

Sponsors

No sponsor information available.