Bill Title: Creates the Illinois Titanium Powdered Metals Development Act. Creates the Illinois Titanium Powdered Metals Development Advisory Committee within the Department of Commerce and Economic Opportunity. Sets forth the membership of the Committee, including the Director of Commerce and Economic Opportunity and members appointed by the Governor and each of the legislative leaders. Sets forth the powers and duties of the Committee, including assisting with the growth and development of the titanium powdered metals industry within Illinois and the creation of a consortium or center that conducts, coordinates, and supports titanium powdered metals research, promotion, and marketing activities in the State. Requires the Committee to prepare and submit an annual report to the Governor and the General Assembly. Contains other provisions. Amends the Illinois Enterprise Zone Act. Provides that businesses that (i) intend to make minimum investment of $3,000,000 in titanium powdered metals manufacturing which will be placed in service in qualified property and (ii) intend to create or retain a minimum of 15 full-time equivalent jobs in titanium powdered metals manufacturing at a location in Illinois are considered high impact businesses. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Passed) 2013-12-27 - Public Act . . . . . . . . . 98-0613 [SB1787 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Antonio Munoz [D]	Primary	Sponsored Bills	SD-001	FollowTheMoney	Ballotpedia	VoteSmart
Representative Frank Mautino [D]	Primary	Sponsored Bills	HD-076	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dan Brady [R]	Cosponsor	Sponsored Bills	HD-105	FollowTheMoney	Ballotpedia	VoteSmart
Representative Tom Cross [R]	Cosponsor	Sponsored Bills	HD-097	FollowTheMoney	Ballotpedia	VoteSmart

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