Rep. Kurt M. Granberg

Amends the Illinois Finance Authority Act. Includes ethanol and bio-energy production within the meaning of an agribusiness. Authorizes issuance of notes and bonds up to $340,000,000 for all ethanol and bio-energy businesses in the aggregate. Authorizes State Guarantees up to $10,000,000 for any energy-related agribusiness and up to $20,000,000 for any bio-diesel agribusiness.

Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that the manufacturing and assembling machinery and equipment exemption also includes production related tangible personal property. Defines "production related tangible personal property" as all tangible personal property used or consumed by the purchaser in a manufacturing facility in which a manufacturing process takes place, including tangible personal property purchased for incorporation into real estate within a manufacturing facility and including, but not limited to, tangible personal property used or consumed in activities such as research and development, preproduction material handling, receiving, quality control, inventory control, storage, staging, and packaging for shipping and transportation purposes. Provides that "production related tangible personal property" does not include (i) tangible personal property used, within or without a manufacturing facility, in sales, purchasing, accounting, fiscal management, marketing, personnel recruitment or selection, or landscaping or (ii) tangible personal property required to be titled or registered with a department, agency, or unit of federal, state, or local government. Effective immediately.

Amends the Illinois Income Tax Act. Increases the amount of the earned income tax credit from 5% of the federal credit to: (i) 7.5% of the federal tax credit for taxable years ending in calendar year 2007; and (ii) 10% of the federal tax credit for taxable years ending in calendar year 2008 or thereafter. Effective immediately.

Amends the Technology Development Act. Provides that the State Treasurer may segregate up to 5% (now, 1%) of the Treasurer's investment portfolio in the Technology Investment Account and make investments in quality technology businesses. Effective immediately.

Amends the State Employees Group Insurance Act of 1971, the Counties Code, the Illinois Municipal Code, the School Code, the Illinois Insurance Code, the Health Maintenance Organization Act, and the Voluntary Health Services Plans Act to provide coverage for habilitative services, including, but not limited to occupational therapy, physical therapy, and speech therapy for children under the age of 19 with congenital or genetic defects existing at or from birth or with a defect acquired at a young age. Amends the State Mandates Act to require implementation without reimbursement.

Amends the Wildlife Code. Provides that a person authorized by the Department of Natural Resources to issue licenses, permits, or stamps, under the Wildlife Code, may charge a fee of $1.00 (instead of $0.50) for issuing certain licenses, permits, and stamps.

Amends the Technology Development Act. Provides that the State Treasurer may segregate up to 5% (now, 1%) of the Treasurer's investment portfolio in the Technology Investment Account and make investments in quality technology businesses. Effective immediately.

Amends the Build Illinois Act. With respect to the Public Infrastructure Loan and Grant Programs, includes brownfields site remediation in the definition of "public infrastructure".

Amends the Public Community College Act. Adds a Section concerning trustee districts for Kaskaskia College. Contains only a caption.

Amends the Southeastern Illinois Economic Development Authority Act. Makes a technical change in a Section concerning the creation of the Southeastern Illinois Economic Development Authority.