Bill Text: IL HB0156 | 2017-2018 | 100th General Assembly | Enrolled
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning a tax credit for property taxes.
Spectrum: Moderate Partisan Bill (Democrat 41-9)
Status: (Passed) 2018-12-14 - Public Act . . . . . . . . . 100-1149 [HB0156 Detail]
Download: Illinois-2017-HB0156-Enrolled.html
Bill Title: Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning a tax credit for property taxes.
Spectrum: Moderate Partisan Bill (Democrat 41-9)
Status: (Passed) 2018-12-14 - Public Act . . . . . . . . . 100-1149 [HB0156 Detail]
Download: Illinois-2017-HB0156-Enrolled.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois, | ||||||
3 | represented in the General Assembly:
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4 | Section 3. The Illinois Enterprise Zone Act is amended by | ||||||
5 | changing Section 4 as follows:
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6 | (20 ILCS 655/4) (from Ch. 67 1/2, par. 604)
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7 | Sec. 4. Qualifications for Enterprise Zones. | ||||||
8 | (1) An area is qualified to become an enterprise zone | ||||||
9 | which:
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10 | (a) is a contiguous area, provided that a zone area may | ||||||
11 | exclude wholly
surrounded territory within its boundaries;
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12 | (b) comprises a minimum of one-half square mile and not | ||||||
13 | more than 12
square miles, or 15 square miles if the zone | ||||||
14 | is located within the
jurisdiction of 4 or more counties or | ||||||
15 | municipalities, in total area,
exclusive of lakes and | ||||||
16 | waterways;
however, in such cases where the enterprise zone | ||||||
17 | is a joint effort of
three or more units of government, or | ||||||
18 | two or more units of government if
situated in a township | ||||||
19 | which is divided by a municipality of 1,000,000 or
more | ||||||
20 | inhabitants, and where the certification has been in
effect | ||||||
21 | at least one year, the total area shall comprise a minimum | ||||||
22 | of
one-half square mile and not more than thirteen square | ||||||
23 | miles in total area
exclusive of lakes and waterways;
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1 | (c) (blank);
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2 | (d) (blank);
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3 | (e) is (1) entirely within a municipality or (2) | ||||||
4 | entirely within
the unincorporated
areas of a county, | ||||||
5 | except where reasonable need is established for such
zone | ||||||
6 | to cover portions of more than one municipality or county | ||||||
7 | or (3)
both comprises (i) all or part of a municipality and | ||||||
8 | (ii) an unincorporated
area of a county; and
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9 | (f) meets 3 or more of the following criteria: | ||||||
10 | (1) all or part of the local labor market area has | ||||||
11 | had an annual average unemployment rate of at least | ||||||
12 | 120% of the State's annual average unemployment rate | ||||||
13 | for the most recent calendar year or the most recent | ||||||
14 | fiscal year as reported by the Department of Employment | ||||||
15 | Security; | ||||||
16 | (2) designation will result in the development of | ||||||
17 | substantial employment opportunities by creating or | ||||||
18 | retaining a minimum aggregate of 1,000 full-time | ||||||
19 | equivalent jobs due to an aggregate investment of | ||||||
20 | $100,000,000 or more, and will help alleviate the | ||||||
21 | effects of poverty and unemployment within the local | ||||||
22 | labor market area; | ||||||
23 | (3) all or part of the local labor market area has | ||||||
24 | a poverty rate of at least 20% according to the latest | ||||||
25 | federal decennial census, 50% or more of children in | ||||||
26 | the local labor market area participate in the federal |
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1 | free lunch program according to reported statistics | ||||||
2 | from the State Board of Education, or 20% or more | ||||||
3 | households in the local labor market area receive food | ||||||
4 | stamps according to the latest federal decennial | ||||||
5 | census; | ||||||
6 | (4) an abandoned coal mine , or a brownfield (as | ||||||
7 | defined in Section 58.2 of the Environmental | ||||||
8 | Protection Act) , or an inactive nuclear powered | ||||||
9 | electrical generation facility where spent nuclear | ||||||
10 | fuel is stored on-site is located in the proposed zone | ||||||
11 | area, or all or a portion of the proposed zone was | ||||||
12 | declared a federal disaster area in the 3 years | ||||||
13 | preceding the date of application; | ||||||
14 | (5) the local labor market area contains a presence | ||||||
15 | of large employers that have downsized over the years, | ||||||
16 | the labor market area has experienced plant closures in | ||||||
17 | the 5 years prior to the date of application affecting | ||||||
18 | more than 50 workers, or the local labor market area | ||||||
19 | has experienced State or federal facility closures in | ||||||
20 | the 5 years prior to the date of application affecting | ||||||
21 | more than 50 workers; | ||||||
22 | (6) based on data from Multiple Listing Service | ||||||
23 | information or other suitable sources, the local labor | ||||||
24 | market area contains a high floor vacancy rate of | ||||||
25 | industrial or commercial properties, vacant or | ||||||
26 | demolished commercial and industrial structures are |
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1 | prevalent in the local labor market area, or industrial | ||||||
2 | structures in the local labor market area are not used | ||||||
3 | because of age, deterioration, relocation of the | ||||||
4 | former occupants, or cessation of operation; | ||||||
5 | (7) the applicant demonstrates a substantial plan | ||||||
6 | for using the designation to improve the State and | ||||||
7 | local government tax base, including income, sales, | ||||||
8 | and property taxes; | ||||||
9 | (8) significant public infrastructure is present | ||||||
10 | in the local labor market area in addition to a plan | ||||||
11 | for infrastructure development and improvement; | ||||||
12 | (9) high schools or community colleges located | ||||||
13 | within the local labor market area are engaged in ACT | ||||||
14 | Work Keys, Manufacturing Skills Standard | ||||||
15 | Certification, or other industry-based credentials | ||||||
16 | that prepare students for careers; or | ||||||
17 | (10) the change in equalized assessed valuation of | ||||||
18 | industrial and/or commercial properties in the 5 years | ||||||
19 | prior to the date of application is equal to or less | ||||||
20 | than 50% of the State average change in equalized | ||||||
21 | assessed valuation for industrial and/or commercial | ||||||
22 | properties, as applicable, for the same period of time. | ||||||
23 | As provided in Section 10-5.3 of the River Edge | ||||||
24 | Redevelopment Zone Act, upon the expiration of the term of each | ||||||
25 | River Edge Redevelopment Zone in existence on the effective | ||||||
26 | date of this amendatory Act of the 97th General Assembly, that |
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1 | River Edge Redevelopment Zone will become available for its | ||||||
2 | previous designee or a new applicant to compete for designation | ||||||
3 | as an enterprise zone. No preference for designation will be | ||||||
4 | given to the previous designee of the zone. | ||||||
5 | (2) Any criteria established by the Department or by law | ||||||
6 | which utilize the rate
of unemployment for a particular area | ||||||
7 | shall provide that all persons who
are not presently employed | ||||||
8 | and have exhausted all unemployment benefits
shall be | ||||||
9 | considered unemployed, whether or not such persons are actively
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10 | seeking employment.
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11 | (Source: P.A. 97-905, eff. 8-7-12.)
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