Rep. Timothy L. Schmitz

Amends the Illinois Power of Attorney Act. Defines "excluded power of attorney" to include powers of attorney given primarily for various business, commercial, and governmental purposes. Provides that designated portions of the Act (concerning standard of care and recordkeeping, agency-court relationship, and other matters) do not apply to an excluded power of attorney. Provides that an excluded power of attorney is not revoked by a subsequent power of attorney; it may only be revoked by the mechanism provided in the excluded power of attorney itself, or by a written instrument that makes specific reference to the excluded power of attorney being revoked. Includes a nonacceleration provision.

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department shall issue a quarterly report to the Commerce Committee of the Illinois Senate detailing the number of new businesses incorporating or otherwise forming in Illinois, the number of businesses not seeking renewal of their registration or having lapsed registration in Illinois, and the number of businesses renewing registrations in Illinois. Effective immediately.

Amends the Residential Real Property Disclosure Act. Makes a technical change in a Section concerning completion and delivery of the seller's disclosure statement.

Amends the Property Tax Code. Provides that applications for open space valuation must be filed by June 30 (instead of January 31). Effective immediately.

Amends the Liquor Control Act of 1934. Makes a technical change in a Section concerning the short title.

Congratulates Thomas Schmitz on the occasion of his retirement after many years of public service.

Congratulates Assistant Chief Rodney Oxe on his retirement from the Batavia Fire Department.

Creates the Emerging Technology Industries Act. Requires the Department of Commerce and Economic Opportunity to establish and maintain a program to award grants to emerging-technology enterprises in the State. Sets forth eligibility requirements and funding priorities for awarding the grants, and sets forth procedures for awarding the grants. Requires written contracts in which the emerging-technology enterprise guarantees that it will perform the actions expected to be performed. Sets dollar limits on matching funds for federal Small Business Innovative Research (SBIR) grants and total grant matching funds per year. Limits total credits to $15,000,000 in any one State fiscal year. Amends the State Finance Act to create the Emerging Technology Grant Fund. Amends the Illinois Income Tax Act. Creates an income tax credit for qualified investors who make an investment in an emerging technology enterprise in the State. Provides that the Department of Commerce and Economic Opportunity must certify the amount of the credit and sets forth the procedures for the application and certification of the credit. Sets forth provisions for the revocation and recapture of the tax credit. Contains other provisions. Effective immediately.

Amends the Illinois Municipal Code. Provides that a municipality with a population between 9,000 and 30,000 (instead of 25,000) that lies within a single county with a population between 400,000 and 575,000 may levy an annual tax for ambulance services. Effective immediately.

Amends the Illinois Procurement Code. With respect to a sole source procurement, requires that (i) the notice of the procurement in the Illinois Procurement Bulletin include a justification of the manner in which an absence of other economically feasible sources was determined and (ii) the justification be retained in the procurement's contract file.