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republic-os/legislation/us/states/il/100th/sb-652.md
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Fabio 5941153bb7 Legislation: batch B — IL IN KS KY LA MA MD ME MI MN 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:27:20 -04:00

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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill NEW MARKETS-REQUIREMENTS Amends the New Markets Development Program Act. Provides that, to be considered a "qualified equity investment" under the Act, 100% (currently, 85%) of the cash purchase price of the investment must be used by the issuer to make qualified low-income community investments in the State of Illinois. Requires qualified community development entities to submit an annual job creation report. Provides that the application for certification as a qualified community development entity must include the amount of qualified equity investment authority the applicant agrees to designate as a federal qualified equity investment under Section 45D of the Internal Revenue Code. Provides that no qualified active low-income community business that receives a qualified low-income community investment from a qualified community development entity that issues qualified equity investments under the Act may directly or indirectly (i) own or have the right to acquire an ownership interest in a qualified community development entity or member or affiliate of a qualified community development entity or (ii) loan to or invest in a qualified community development entity or member or affiliate of a qualified community development entity. Provides that the annual cap on credits under the Act is $50,000,000 (currently, $20,000,000). Effective immediately. us/states/il Illinois General Assembly 100th SB 652 Illinois SB 652 (100th)
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3 76 3 2017-01-25 2017-08-25 openstates ocd-bill/c4bbb91b-56bd-4faa-859b-856ab7a0495a http://ilga.gov/legislation/BillStatus.asp?DocNum=652&GAID=14&DocTypeID=SB&LegId=100893&SessionID=91&GA=100 ac1e1713be3b049d69d284483b3211bdf51d064af55cae1ad70bce58ce1c7ca7 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
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us-il

Illinois SB 652 (100th) — NEW MARKETS-REQUIREMENTS

Amends the New Markets Development Program Act. Provides that, to be considered a "qualified equity investment" under the Act, 100% (currently, 85%) of the cash purchase price of the investment must be used by the issuer to make qualified low-income community investments in the State of Illinois. Requires qualified community development entities to submit an annual job creation report. Provides that the application for certification as a qualified community development entity must include the amount of qualified equity investment authority the applicant agrees to designate as a federal qualified equity investment under Section 45D of the Internal Revenue Code. Provides that no qualified active low-income community business that receives a qualified low-income community investment from a qualified community development entity that issues qualified equity investments under the Act may directly or indirectly (i) own or have the right to acquire an ownership interest in a qualified community development entity or member or affiliate of a qualified community development entity or (ii) loan to or invest in a qualified community development entity or member or affiliate of a qualified community development entity. Provides that the annual cap on credits under the Act is $50,000,000 (currently, $20,000,000). Effective immediately.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. Introduced (filed) — source
  2. Engrossed (committee substitute) — source
  3. Enrolled (enrolled) — source

Votes

  • Third Reading — 51–1 (pass) · upper
  • Third Reading — 111–0 (pass) · lower
  • Concurrence — 53–0 (pass) · upper

Sponsors

  • Camille Y. Lilly — cosponsor (person)
  • Carol Ammons — cosponsor (person)
  • Daniel V. Beiser — cosponsor (person)
  • James F. Clayborne, Jr. — primary (person)
  • Jay Hoffman — cosponsor (person)
  • Justin Slaughter — cosponsor (person)
  • Marcus C. Evans, Jr. — cosponsor (person)
  • Sonya M. Harper — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

  • 2017-01-25 Filed with Secretary by Sen. James F. Clayborne, Jr. filing
  • 2017-01-25 First Reading reading-1
  • 2017-01-25 Referred to Assignments referral-committee
  • 2017-01-26 Added as Chief Co-Sponsor Sen. Antonio Muñoz
  • 2017-02-01 Assigned to Commerce and Economic Development referral-committee
  • 2017-02-07 Added as Chief Co-Sponsor Sen. Linda Holmes
  • 2017-02-09 Added as Co-Sponsor Sen. Cristina Castro
  • 2017-02-09 Added as Co-Sponsor Sen. Toi W. Hutchinson
  • 2017-03-01 Added as Co-Sponsor Sen. Patricia Van Pelt
  • 2017-03-02 Do Pass Commerce and Economic Development; 009-000-000 committee-passage
  • 2017-03-02 Placed on Calendar Order of 2nd Reading March 7, 2017
  • 2017-03-02 Senate Floor Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr. amendment-introduction
  • 2017-03-02 Senate Floor Amendment No. 1 Referred to Assignments referral-committee
  • 2017-03-02 Added as Co-Sponsor Sen. Neil Anderson
  • 2017-03-07 Senate Floor Amendment No. 1 Assignments Refers to Commerce and Economic Development
  • 2017-03-07 Added as Co-Sponsor Sen. Jil Tracy
  • 2017-03-08 Senate Floor Amendment No. 2 Filed with Secretary by Sen. James F. Clayborne, Jr. amendment-introduction
  • 2017-03-08 Senate Floor Amendment No. 2 Referred to Assignments referral-committee
  • 2017-03-15 Senate Floor Amendment No. 2 Assignments Refers to Commerce and Economic Development
  • 2017-03-16 Senate Floor Amendment No. 2 Recommend Do Adopt Commerce and Economic Development; 011-000-000
  • 2017-03-28 Senate Floor Amendment No. 1 Referred to Assignments referral-committee
  • 2017-03-28 Senate Floor Amendment No. 1 Be Approved for Consideration Assignments
  • 2017-03-30 Second Reading reading-2
  • 2017-03-30 Senate Floor Amendment No. 2 Adopted; Clayborne amendment-passage
  • 2017-03-30 Placed on Calendar Order of 3rd Reading April 4, 2017
  • 2017-04-27 Third Reading - Passed; 051-001-000 reading-3, passage
  • 2017-04-27 Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) amendment-failure
  • 2017-04-28 Arrived in House introduction
  • 2017-04-28 Chief House Sponsor Rep. Lou Lang
  • 2017-04-28 First Reading reading-1
  • 2017-04-28 Referred to Rules Committee referral-committee
  • 2017-05-09 Assigned to Executive Committee referral-committee
  • 2017-05-09 Added Alternate Co-Sponsor Rep. Daniel V. Beiser
  • 2017-05-11 Added Alternate Chief Co-Sponsor Rep. Arthur Turner
  • 2017-05-11 Added Alternate Chief Co-Sponsor Rep. Elgie R. Sims, Jr.
  • 2017-05-11 Added Alternate Co-Sponsor Rep. Jay Hoffman
  • 2017-05-15 Added Alternate Chief Co-Sponsor Rep. LaToya Greenwood
  • 2017-05-17 Added Alternate Co-Sponsor Rep. Marcus C. Evans, Jr.
  • 2017-05-17 Added Alternate Co-Sponsor Rep. Justin Slaughter
  • 2017-05-19 Committee Deadline Extended-Rule 9(b) May 26, 2017
  • 2017-05-19 House Committee Amendment No. 1 Filed with Clerk by Rep. Lou Lang amendment-introduction
  • 2017-05-19 House Committee Amendment No. 1 Referred to Rules Committee referral-committee
  • 2017-05-26 Added Alternate Chief Co-Sponsor Rep. William Davis
  • 2017-05-26 Final Action Deadline Extended-9(b) May 31, 2017
  • 2017-05-28 House Committee Amendment No. 2 Filed with Clerk by Rep. Lou Lang amendment-introduction
  • 2017-05-28 House Committee Amendment No. 2 Referred to Rules Committee referral-committee
  • 2017-05-28 House Committee Amendment No. 3 Filed with Clerk by Rep. Lou Lang amendment-introduction
  • 2017-05-28 House Committee Amendment No. 3 Referred to Rules Committee referral-committee
  • 2017-05-29 House Committee Amendment No. 4 Filed with Clerk by Rep. Lou Lang amendment-introduction
  • 2017-05-29 House Committee Amendment No. 4 Referred to Rules Committee referral-committee
  • 2017-05-30 House Committee Amendment No. 4 Rules Refers to Executive Committee
  • 2017-05-30 House Committee Amendment No. 4 Adopted in Executive Committee; by Voice Vote amendment-passage
  • 2017-05-30 Do Pass as Amended / Short Debate Executive Committee; 011-000-000 committee-passage
  • 2017-05-30 House Committee Amendment No. 1 Tabled Pursuant to Rule 40 amendment-failure
  • 2017-05-30 House Committee Amendment No. 2 Tabled Pursuant to Rule 40 amendment-failure
  • 2017-05-30 House Committee Amendment No. 3 Tabled Pursuant to Rule 40 amendment-failure
  • 2017-05-30 Placed on Calendar 2nd Reading - Short Debate
  • 2017-05-30 Second Reading - Short Debate reading-2
  • 2017-05-30 Held on Calendar Order of Second Reading - Short Debate reading-2
  • 2017-05-31 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2017-05-31 Third Reading - Short Debate - Passed 111-000-000 reading-3, passage
  • 2017-05-31 Added Alternate Co-Sponsor Rep. Camille Y. Lilly
  • 2017-05-31 Added Alternate Co-Sponsor Rep. Sonya M. Harper
  • 2017-05-31 Added Alternate Co-Sponsor Rep. Carol Ammons
  • 2017-05-31 Secretary's Desk - Concurrence House Amendment(s) 4
  • 2017-05-31 Placed on Calendar Order of Concurrence House Amendment(s) 4 - May 31, 2017
  • 2017-05-31 House Committee Amendment No. 4 Motion to Concur Filed with Secretary Sen. James F. Clayborne, Jr. filing
  • 2017-05-31 House Committee Amendment No. 4 Motion to Concur Referred to Assignments referral-committee
  • 2017-05-31 House Committee Amendment No. 4 Motion to Concur Be Approved for Consideration Assignments
  • 2017-05-31 House Committee Amendment No. 4 Senate Concurs 053-000-000
  • 2017-05-31 Senate Concurs
  • 2017-05-31 Passed Both Houses
  • 2017-06-29 Sent to the Governor executive-receipt
  • 2017-08-25 Governor Approved executive-signature
  • 2017-08-25 Effective Date August 25, 2017
  • 2017-08-25 Public Act . . . . . . . . . 100-0408 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/c4bbb91b-56bd-4faa-859b-856ab7a0495a. Confidence: reported (aggregated from official Illinois legislature records).

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