JOB RENEWAL ZONES

Creates the Employ Illinois Job Renewal Act. Requires the Department of Commerce and Economic Opportunity to develop application procedures to certify certain areas in the State as Job Renewal Zones. Sets forth the qualifications for certification as a Job Renewal Zone. Sets forth tax incentives for businesses located inside Job Renewal Zones. Requires the Department to certify all Job Renewal Zones by July 1, 2013 and provides that all zones expire on June 30, 2024. Requires the Department to report to the General Assembly and Governor no later than January 1, 2023 concerning the program. Effective immediately.