Rep. Thaddeus Jones

Creates the Local Government Stabilization Authority Act. Authorizes the corporate authorities of a county, municipality, or township to create, by ordinance, a Local Government Stabilization Authority that shall use available funds to facilitate the return of vacant, abandoned, and tax-delinquent properties to productive use, combating community deterioration and creating economic growth. Provides definitions. Sets forth procedure regarding the creation of the Authority and funding sources. Further provides for: (1) the Authority's tax-exempt status; (2) the appointment of the Board of Directors and Chairperson, their terms of office, their removal, and vacancies; (3) the responsibilities and powers of the Board of Directors; and (4) an Executive Director to administer the Authority on a day-to-day basis. Sets forth the powers of the Authority to implement the purpose of the Act, including the authority to borrow money, enter into partnerships and joint ventures, and contract for goods and services. Permits the Authority to acquire, hold, manage, and dispose of real property. Requires the Authority to prepare an annual budget and provide annual financial statements and reports to the corporate authorities. Permits the corporate authorities to dissolve the Authority and provides requirements regarding the Authority's debts, liabilities, and obligations. Effective immediately.

Amends the Illinois Income Tax Act. Creates a credit in an amount equal $500 times the number of full-time Illinois employees of a certified new business firm and its corresponding sponsor firm in each of the 3 years after the firm is certified as a new business. Effective immediately.

Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2014, each business that is first located in the State during the taxable year is entitled to a credit in an amount equal to 10% of the wages paid to qualified employees during the taxpayer's first year of business in the State. Provides that the term "qualified employee" means a full-time employee of the taxpayer who is a resident of the State and not more than a 5% shareholder, partner, member, or owner of the taxpayer. Effective immediately.

Amends the Department of Professional Regulation Law of the Civil Administrative Code of Illinois. Provides that any licensee disciplined under a licensure Act administered by the Division of Professional Regulation for an offense relating to the failure to pay taxes, child support, or student loans or relating to continuing education or advertising may file a petition with the Department on forms provided by the Department, along with the required fee of $200, to have the records of that offense removed from public view on the Department's website if certain conditions are met. Provides that nothing shall prohibit the Department from using a previous discipline for any regulatory purpose or from releasing records of a previous discipline upon request from law enforcement, other governmental body, or the public. Provides that removal of records of a disciplinary offense from the Department's website shall not be considered a vacating or expunging of the offense from the licensee's disciplinary record. Effective immediately.

Amends the Business Corporation Act of 1983. Deletes a provision prohibiting the use of "Chicago 2016" in the corporate name without express written consent of the United States Olympic Committee. Amends the Limited Liability Company Act. Makes corresponding changes regarding the use of the term "Chicago 2016". In provisions setting forth exceptions to the prohibition against a limited liability company being formed for the business of insurance, adds an exception for the purpose of carrying on the business of a syndicate or limited syndicate under the Insurance Exchange Article of the Illinois Insurance Code. Includes foreign limited liability companies organized, existing, or subject to the Act in provisions regarding the name of a limited liability company. Sets forth requirements for waiving the right to have the limited liability company's business wound up and terminated. Effective July 1, 2014.

Amends the Illinois Municipal Code. Makes a technical change in a Section concerning the short title.

Amends the Supreme Court Historic Preservation Act. Makes a technical change in a Section concerning the short title.

Recognizes the Calumet City Fire Department as it celebrates its 100th anniversary.

Congratulates Steve Ruzich, baseball coach at South Suburban College in South Holland, on being inducted into the National Junior College Athletic Association Hall of Fame.

Mourns the death of Earlie Mae Gray.