<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1690         </title>
<shortdesc>EDGE-DCEO-VARIOUS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Scott M. Bennett and Laura M. Murphy</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Margaret Croke)</altsponsors>
</sponsor>
<lastaction>
<statusdate>8/6/2021</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 102-0330</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 605/605-1055 new</reference><aliasreference></aliasreference><reference>20 ILCS 605/605-320 rep.</reference><aliasreference></aliasreference><reference>30 ILCS 105/5.936 new</reference><aliasreference></aliasreference><reference>30 ILCS 750/Art. 11 rep.</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-5</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-10</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-25</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-70</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-90</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-40 rep.</reference><aliasreference></aliasreference><SynopsisText>Amends the Economic Development for a Growing Economy Tax Credit Act. Repeals provisions concerning the Illinois Business Investment Committee. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code. Creates the Illinois Small Business Fund as a nonappropriated separate and apart trust fund in the State Treasury. Provides that the Department of Commerce and Economic Opportunity shall use moneys in the Fund to manage proceeds that result from investments that the Department has undertaken through economic development programs. Amends the State Finance Act to make a conforming change. Repeals the Illinois Small Business Incubator Article within the Build Illinois Act.</SynopsisText></synopsis>
<actions>
<statusdate>2/26/2021</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Scott M. Bennett</action>
<statusdate>2/26/2021</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/26/2021</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/9/2021</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/19/2021</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>3/19/2021</statusdate><chamber>Senate</chamber><action>To Revenue- Special Issues</action>
<statusdate>4/16/2021</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 23, 2021</action>
<statusdate>4/21/2021</statusdate><chamber>Senate</chamber><action>Reported Back To Revenue;  002-000-000</action>
<statusdate>4/21/2021</statusdate><chamber>Senate</chamber><action>Do Pass Revenue;  010-000-000</action>
<statusdate>4/21/2021</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading April 22, 2021</action>
<statusdate>4/22/2021</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/22/2021</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 23, 2021</action>
<statusdate>4/23/2021</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 058-000-000</action>
<statusdate>4/23/2021</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Laura M. Murphy</action>
<statusdate>4/26/2021</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>4/27/2021</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Margaret Croke</action>
<statusdate>4/27/2021</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>4/27/2021</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>5/4/2021</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>5/13/2021</statusdate><chamber>House</chamber><action>Do Pass / Consent Calendar Revenue &amp; Finance Committee;  018-000-000</action>
<statusdate>5/13/2021</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Consent Calendar</action>
<statusdate>5/24/2021</statusdate><chamber>House</chamber><action>Second Reading - Consent Calendar</action>
<statusdate>5/24/2021</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Consent Calendar</action>
<statusdate>5/25/2021</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Consent Calendar</action>
<statusdate>5/26/2021</statusdate><chamber>House</chamber><action>Third Reading - Consent Calendar - First Day</action>
<statusdate>5/27/2021</statusdate><chamber>House</chamber><action>Third Reading - Consent Calendar -  Passed 116-000-000</action>
<statusdate>5/27/2021</statusdate><chamber>Senate</chamber><action>Passed Both Houses</action>
<statusdate>6/25/2021</statusdate><chamber>Senate</chamber><action>Sent to the Governor</action>
<statusdate>8/6/2021</statusdate><chamber>Senate</chamber><action>Governor Approved</action>
<statusdate>8/6/2021</statusdate><chamber>Senate</chamber><action>Effective Date January 1, 2022</action>
<statusdate>8/6/2021</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 102-0330</action>
</actions>
</xml>

