EDGE-ECON INCENTIVE COMMITTEE House SponsorsRep. Jack D. Franks Senate Sponsors(Sen. Susan Garrett and Dan Kotowski) 7/6/2012HousePublic Act . . . . . . . . . 97-0749 20 ILCS 2505/2505-503 new35 ILCS 10/5-1035 ILCS 10/5-2035 ILCS 10/5-4535 ILCS 10/5-50 Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Creates the Economic Incentive Committee within the Department for the purpose of approving Agreements entered into under the Economic Development for a Growing Economy Tax Credit Act. Sets forth the membership of the Committee. Provides that the Department of Revenue shall post the terms of each Agreement entered into under the Economic Development for a Growing Economy Tax Credit Act on its website. Amends the Economic Development for a Growing Economy Tax Credit Act to provide that each Agreement is subject to final approval by the Economic Incentive Committee. Effective July 1, 2012.House Committee Amendment No. 1 Deletes reference to:20 ILCS 2505/2505-503 newAdds reference to:35 ILCS 10/5-26 newReplaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Provides that the Committee shall approve or deny each EDGE Agreement within 5 days (instead of 60 days) after the Agreement is submitted to the Committee. Provides that the members of the Committee shall be appointed by the Governor with the advice and consent of the Senate (in the introduced bill, one member is appointed by the Governor and one member is appointed by each of the legislative leaders). Effective July 1, 2012.House Committee Amendment No. 2 Deletes reference to:35 ILCS 10/5-1035 ILCS 10/5-2035 ILCS 10/5-26 new35 ILCS 10/5-45Replaces everything after the enacting clause. Amends the Economic Development for a Growing Economy Tax Credit Act. Requires the Department of Commerce and Economic Opportunity to post on its website the terms of each Agreement entered into under the Act on or after the effective date of the amendatory Act. Effective immediately. 12/20/2011HouseFiled with the Clerk by Rep. Jack D. Franks 1/10/2012HouseFirst Reading 1/10/2012HouseReferred to Rules Committee 1/24/2012HouseAssigned to State Government Administration Committee 2/21/2012HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jack D. Franks 2/21/2012HouseHouse Committee Amendment No. 1 Referred to Rules Committee 2/22/2012HouseHouse Committee Amendment No. 1 Rules Refers to State Government Administration Committee 2/29/2012HouseHouse Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote 2/29/2012HouseMotion Do Pass as Amended - Lost State Government Administration Committee; 005-011-000 2/29/2012HouseRemains in State Government Administration Committee 3/5/2012HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Jack D. Franks 3/5/2012HouseHouse Committee Amendment No. 2 Referred to Rules Committee 3/5/2012HouseHouse Committee Amendment No. 3 Filed with Clerk by Rep. Jack D. Franks 3/5/2012HouseHouse Committee Amendment No. 3 Referred to Rules Committee 3/6/2012HouseHouse Committee Amendment No. 2 Rules Refers to State Government Administration Committee 3/6/2012HouseHouse Committee Amendment No. 3 Rules Refers to State Government Administration Committee 3/7/2012HouseHouse Committee Amendment No. 2 Adopted in State Government Administration Committee; by Voice Vote 3/7/2012HouseDo Pass as Amended / Short Debate State Government Administration Committee; 018-000-000 3/9/2012HousePlaced on Calendar 2nd Reading - Short Debate 3/9/2012HouseHouse Committee Amendment No. 3 Tabled Pursuant to Rule 40 3/22/2012HouseSecond Reading - Short Debate 3/22/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/23/2012HouseThird Reading - Short Debate - Passed 106-000-000 3/26/2012SenateArrive in Senate 3/26/2012SenatePlaced on Calendar Order of First Reading 3/26/2012SenateChief Senate Sponsor Sen. Susan Garrett 3/26/2012SenateFirst Reading 3/26/2012SenateReferred to Assignments 4/11/2012SenateAssigned to Revenue 4/18/2012SenateDo Pass Revenue; 007-000-000 4/18/2012SenatePlaced on Calendar Order of 2nd Reading April 19, 2012 5/1/2012SenateAdded as Alternate Co-Sponsor Sen. Dan Kotowski 5/2/2012SenateSecond Reading 5/2/2012SenatePlaced on Calendar Order of 3rd Reading May 3, 2012 5/25/2012SenateThird Reading - Passed; 054-000-000 5/25/2012HousePassed Both Houses 6/22/2012HouseSent to the Governor 7/6/2012HouseGovernor Approved 7/6/2012HouseEffective Date July 6, 2012 7/6/2012HousePublic Act . . . . . . . . . 97-0749