IL HB2212 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the Brownfields Redevelopment and Intermodal Promotion Act. Identifies boundaries of the South Suburban Cook County Brownfield Redevelopment Zone. Provides that the incremental income tax attributable to a new employee on property that has been redeveloped within the South Suburban Brownfields Redevelopment Zone pursuant to a South Suburban Cook County Redevelopment Project shall be deposited into the South Suburban Brownfields Redevelopment Fund. Provides that moneys in the South Suburban Brownfields Redevelopment Fund shall be used to cover the costs of acquisition and assembly of brownfield properties and their remediation and re-use as part of a South Suburban Cook County Redevelopment Zone, and for improvements of public infrastructure servicing those properties. Sets forth limits on expenditures from the South Suburban Brownfields Redevelopment Fund. Contains other provisions. Amends the State Finance Act to create the South Suburban Brownfields Redevelopment Fund as a special fund. Effective immediately.

Tracking Information

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Title

BROWNFIELDS REDEV & INTERM PRO

Sponsors


History

DateChamberAction
2014-12-03HouseSession Sine Die
2013-03-22HouseRule 19(a) / Re-referred to Rules Committee
2013-03-14HouseAdded Chief Co-Sponsor Rep. Al Riley
2013-02-25HouseAssigned to Revenue & Finance Committee
2013-02-14HouseReferred to Rules Committee
2013-02-14HouseFirst Reading
2013-02-14HouseFiled with the Clerk by Rep. William Davis

Code Citations

ChapterArticleSectionCitation TypeStatute Text
301055.827New CodeSee Bill Text

Illinois State Sources


Bill Comments

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