<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 701    </title>
<shortdesc>REVENUE-TECH</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Arthur J. Wilhelmi-Emil Jones, Jr.</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Brent Hassert, Jack McGuire and Lisa M. Dugan)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/1-150</reference><aliasreference></aliasreference><SynopsisText>Amends the Property Tax Code. Makes a technical change in a Section concerning the definition of "taxing district".</SynopsisText><synopsistitle>Senate Floor Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>35 ILCS 200/1-150</reference><aliasreference></aliasreference><reftype>Adds reference to:</reftype><reference>35 ILCS 200/18-165</reference><aliasreference></aliasreference><SynopsisText>Deletes everything after the enacting clause. Amends the Property Tax Code. In a Section concerning the abatement of property taxes, provides that, for the commercial or industrial development of at least 500 acres on undeveloped land that was transferred by the Secretary of the Army pursuant to the federal Illinois Land Conservation Act and that is owned by the Joliet Arsenal Development Authority or undeveloped land subsequently acquired by the Joliet Arsenal Development Authority, the abatement may not exceed a period of 20 years and the aggregate amount of the abated taxes for all taxing districts combined may not exceed $38,000,000. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/18/2005</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Don Harmon</action>
<statusdate>2/18/2005</statusdate><chamber>Senate</chamber><action>Chief Co-Sponsor Sen. Emil Jones, Jr.</action>
<statusdate>2/18/2005</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/18/2005</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>2/24/2005</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/10/2005</statusdate><chamber>Senate</chamber><action>Do Pass Revenue;  006-003-000</action>
<statusdate>3/10/2005</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 15, 2005</action>
<statusdate>3/15/2005</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/15/2005</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 16, 2005</action>
<statusdate>4/12/2005</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading ** April 13, 2005</action>
<statusdate>4/15/2005</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading Deadline Extended to December 31, 2005</action>
<statusdate>7/1/2005</statusdate><chamber>Senate</chamber><action>Pursuant to Senate Rule 3-9(b) / Referred to Rules</action>
<statusdate>11/4/2005</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading Deadline Extended to January 9, 2007</action>
<statusdate>2/28/2006</statusdate><chamber>Senate</chamber><action>Approved for Consideration Rules</action>
<statusdate>2/28/2006</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 1, 2006</action>
<statusdate>2/28/2006</statusdate><chamber>Senate</chamber><action>Chief Sponsor Changed to Sen. Arthur J. Wilhelmi</action>
<statusdate>2/28/2006</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Filed with Secretary by Sen. Arthur J. Wilhelmi</action>
<statusdate>2/28/2006</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Referred to Rules</action>
<statusdate>2/28/2006</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Rules Refers to  Local Government</action>
<statusdate>3/1/2006</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Recommend Do Adopt Local Government;  007-000-003</action>
<statusdate>3/1/2006</statusdate><chamber>Senate</chamber><action>Recalled to Second Reading</action>
<statusdate>3/1/2006</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Adopted; Wilhelmi</action>
<statusdate>3/1/2006</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading</action>
<statusdate>3/1/2006</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 056-000-001</action>
<statusdate>3/2/2006</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>3/2/2006</statusdate><chamber>House</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>3/2/2006</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Brent Hassert</action>
<statusdate>3/2/2006</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>3/2/2006</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/15/2006</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Jack McGuire</action>
<statusdate>4/25/2006</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Lisa M. Dugan</action>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

