EDGE CREDIT- EMPLOYEE Senate SponsorsSen. Mike Jacobs House Sponsors(Rep. William Davis) 8/23/2007SenatePublic Act . . . . . . . . . 95-0375 35 ILCS 10/5-535 ILCS 10/5-15Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the Act does not prohibit a tax credit award to an applicant that uses full-time employees from an employee-leasing company. Effective immediately.Land Conveyance Appraisal Note (Dept. of Transportation) No land conveyances are included in this bill, therefore, there are no appraisals to be filed. Judicial Note (Admin Office of the Illinois Courts) This bill would neither increase nor decrease the number of judges needed in the State. State Debt Impact Note (Dept. of Commerce & Economic Opportunity) This bill would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. Housing Affordability Impact Note (Housing Development Authority) This legislation will have no effect on constructing, purchasing, owning, or selling a single-family residence. Pension Note (Government Forecasting & Accountability) This bill will not impact any public pension fund or retirement system in Illinois. Home Rule Note (Dept. of Commerce & Economic Opportunity) This legislation does not pre-empt home rule authority. Fiscal Note (Dept. of Revenue) The Illinois Department of Revenue estimates that Senate Bill 499 would increase the amount of EDGE credits claimed by 5 to 10%. The average amount of EDGE credits claimed over the last 2 years was $19.25 million. Therefore, the Department of Revnue estimates that an additional $960,000 to $1.92 million in EDGE credits would be claimed if SB 499 becomes law. Fiscal Note (Dept. of Commerce & Economic Opportunity) This legislation is estimated to have no fiscal impact on the Department of Commerce and Economic Opportunity.State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity) This legislation does not create a State mandate under the State Mandates Act.Balanced Budget Note (Gov Office of Mgmt & Budget) SB 499, if enacted into law, will have a minimal negative impact on the proposed Fiscal Year 2008 budget. The Department of Revenue estimates additional tax credits of $960,000 to $1,950,000 in additional tax credit claims.Correctional Note (Dept of Corrections) Corrections Population Impact: None; Fiscal Impact: None; Fiscal Implications: None. Fiscal Note (Dept of Corrections) Corrections Population Impact: None; Fiscal Impact: None; Fiscal Implications: None. 2/8/2007SenateFiled with Secretary by Sen. Mike Jacobs 2/8/2007SenateFirst Reading 2/8/2007SenateReferred to Rules 2/21/2007SenateAssigned to Commerce and Economic Development 3/2/2007SenatePostponed - Commerce and Economic Development 3/8/2007SenateDo Pass Commerce and Economic Development; 009-000-000 3/8/2007SenatePlaced on Calendar Order of 2nd Reading March 13, 2007 3/13/2007SenateSecond Reading 3/13/2007SenatePlaced on Calendar Order of 3rd Reading March 14, 2007 3/15/2007SenateThird Reading - Passed; 055-000-000 3/15/2007HouseArrived in House 3/15/2007HousePlaced on Calendar Order of First Reading 3/21/2007HouseChief House Sponsor Rep. William Davis 3/21/2007HouseFirst Reading 3/21/2007HouseReferred to Rules Committee 4/30/2007HouseAssigned to Revenue Committee 5/17/2007HouseRecommends Do Pass Subcommittee/ Revenue Committee; 003-000-000 5/17/2007HouseDo Pass / Short Debate Revenue Committee; 011-000-000 5/17/2007HousePlaced on Calendar 2nd Reading - Short Debate 5/17/2007HouseFiscal Note Requested by Rep. Mike Boland 5/17/2007HouseState Mandates Fiscal Note Requested by Rep. Mike Boland 5/17/2007HouseBalanced Budget Note Requested by Rep. Mike Boland 5/17/2007HouseCorrectional Note Requested by Rep. Mike Boland 5/17/2007HouseHome Rule Note Requested by Rep. Mike Boland 5/17/2007HouseHousing Affordability Impact Note Requested by Rep. Mike Boland 5/17/2007HouseJudicial Note Requested by Rep. Mike Boland 5/17/2007HouseLand Conveyance Appraisal Note Requested by Rep. Mike Boland 5/17/2007HousePension Note Requested by Rep. Mike Boland 5/17/2007HouseState Debt Impact Note Requested by Rep. Mike Boland 5/18/2007HouseLand Conveyance Appraisal Note Filed 5/18/2007HouseJudicial Note Filed 5/18/2007HouseState Debt Impact Note Filed 5/18/2007HouseHousing Affordability Impact Note Filed 5/18/2007HousePension Note Filed 5/21/2007HouseHome Rule Note Filed 5/23/2007HouseFiscal Note Filed 5/24/2007HouseSecond Reading - Short Debate 5/24/2007HouseHeld on Calendar Order of Second Reading - Short Debate 5/24/2007HouseFiscal Note Filed 5/25/2007HouseState Mandates Fiscal Note Filed 5/25/2007HouseBalanced Budget Note Filed 5/25/2007HouseCorrectional Note Filed 5/25/2007HouseFiscal Note Filed 5/28/2007HouseSecond Reading - Short Debate 5/28/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/29/2007HouseThird Reading - Short Debate - Passed 116-000-000 5/29/2007SenatePassed Both Houses 6/27/2007SenateSent to the Governor 8/23/2007SenateGovernor Approved 8/23/2007SenateEffective Date August 23, 2007 8/23/2007SenatePublic Act . . . . . . . . . 95-0375