Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the duration of the credit may not exceed 15 (now, 10) taxable years. In provisions setting forth requirements for applicants for the credit, provides that for projects determined to be eligible because they meet the investment and new employee criteria established by the Department of Commerce and Economic Opportunity, the Department shall approve those that will provide a return on the State's investment. Amends the Illinois Income Tax Act to make the commensurate change extending the duration of the credit to 15 years. Effective immediately.
Sponsored bills
Amends the Illinois Vehicle Code. Provides that, if any person is convicted of or pleads guilty to a violation of the Code, or a similar provision of a local ordinance, that resulted in an accident, and the person's use of a wireless telephone caused or contributed to the accident, the person shall, in addition to any other penalty imposed, pay a fine of $500.
Congratulates the Danville First Baptist High School Boys Basketball Team, the Knights, on winning the Illinois Association of Christian Schools State Basketball Championship.
Congratulates Lieutenant David Cornett of Tilton for his act of heroism in rescuing a teenager from a house fire.
Congratulates Dr. Alice Marie Jacobs, President of Danville Area Community College, on being named Woman of Achievement 2007 by the American Association of University Women.
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides for tax exemptions, on and after July 1, 2007 and through June 30, 2012, under the Acts for medical supplies and prescription medications used for the purposes of spaying or neutering cats and dogs or for the related aftercare. Effective immediately.
Amends the Unemployment Insurance Act. Provides that none of the amount received by an individual as primary social security old age and disability retirement benefits shall constitute disqualifying income.
Amends the Recreational Use of Land and Water Areas Act. Provides that the definition of "recreational or conservation purpose" is modified to add any activity undertaken for conservation, resource management, exercise, education, relaxation, or pleasure on land owned by another (now, hunting, recreational shooting, both, or related activities).
Amends the Property Tax Code. Provides that if land is improved with a water-retention dam that is operated primarily for commercial purposes, that dam is not considered to be used for open space purposes despite the fact that any resulting man-made lake may be considered to be used for open space purposes.
Recognizes February as AMBUCS National Visibility Month.