Bill Title: Amends the Retailers' Occupation Tax Act. Provides that the exemption for property used in an enterprise zone applies to businesses that make investments of at least $20,000,000 and cause the creation of a minimum of 40 (instead of 200) full-time jobs in Illinois or make investments that cause the retention of a minimum of 500 (instead of 2,000) full-time jobs in Illinois. Amends the Public Utilities Act. Provides that the exemption for businesses located in an enterprise zone applies to businesses that (i) make investments of at least $20,000,000 and cause the creation of a minimum of 40 (instead of 200) full-time equivalent jobs in Illinois, (ii) make investments of at least $175,000,000 which cause the creation of a minimum of 30 (instead of 150) full-time equivalent jobs in Illinois, or (iii) make investments of at least $100,000,000 which cause the retention of a minimum of 200 (instead of 1,000) full-time jobs in Illinois.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die
[HB3239 Detail]
Bill Drafts
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| Introduced | Not Avail | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois HB3239 |
Supplemental Documents
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| No supplemental documents for Illinois HB3239 currently on file. |
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