Amends the Illinois Employment First Act. Makes a technical change in a Section concerning the short title.
House Floor Amendment No. 3: Replaces everything after the enacting clause. Creates the Capital Area Tourism Authority Act. Creates the Capital Area Tourism Authority for the benefit of the general public and the promotion of business, industry, commerce, and tourism in the City of Springfield, Sangamon County, and the State of Illinois. Creates the Capital City Downtown Medical District Act. Creates the Capital City Downtown Medical District Commission. Sets forth the duties and purpose of the Commission. Amends the Property Tax Code. Creates the Megaproject Assessment Freeze and Payment Law within the Code. Provides that the Department of Commerce and Economic Opportunity may issue megaproject certificates in connection with projects that satisfy certain minimum investment requirements and other requirements. Provides that property that receives a megaproject certificate from the Department of Commerce and Economic Opportunity is eligible for an assessment freeze. Provides that sales of building materials that will be incorporated into a megaproject and that are purchased during the incentive period are eligible for the same building materials exemption available to High Impact Businesses under the Retailers' Occupation Tax Act. Provides that, to be eligible for megaproject incentives, the company and the local municipality must enter into an incentive agreement. Provides that, in addition to other requirements, the incentive agreement must require the company to pay, or be responsible for the payment of, an annual special payment to the local municipality. Provides that no person who participates personally and substantially in the negotiation of a megaproject agreement on behalf of a local municipality or taxing district may, within a period of one year after the effective date of the agreement, knowingly accept employment or receive compensation or fees from a company that is a party to the agreement. Amends the Illinois State Auditing Act. Provides that the Auditor General shall conduct a compliance audit in accordance with specified provisions of the Statewide Innovation Development and Economy Act. Amends the State Finance Act, the Illinois Municipal Code, the Metro-East Park and Recreation District Act, and the Local Mass Transit District Act. Provides for the transfer of the local sales tax increment to the STAR Bonds Revenue Fund. Amends the Statewide Innovation Development and Economy Act. Creates a New Opportunities for Vacation and Adventure Urban District (NOVA urban district). Sets forth the requirements to be certified as a NOVA urban district. Amends the Illinois Income Tax Act. Creates a credit for rehabilitation costs for qualified historic properties in the Capital City Downtown Medical District. Creates a capital city jobs tax credit. Repeals the Mid-Illinois Medical District Act. Effective immediately.

Statutes affected:
Introduced: 20 ILCS 40/1
Engrossed: 20 ILCS 655/5, 30 ILCS 5/3, 30 ILCS 105/5, 30 ILCS 105/6, 35 ILCS 5/221, 35 ILCS 200/10, 50 ILCS 475/5, 55 ILCS 5/5, 65 ILCS 5/8, 65 ILCS 5/11, 70 ILCS 1605/30, 70 ILCS 3610/5, 735 ILCS 30/15, 70 ILCS 5/8, 70 ILCS 10/4, 70 ILCS 15/3, 70 ILCS 200/2, 70 ILCS 200/5, 70 ILCS 200/10, 70 ILCS 200/15, 70 ILCS 200/20, 70 ILCS 200/35, 70 ILCS 200/40, 70 ILCS 200/55, 70 ILCS 200/60, 70 ILCS 200/70, 70 ILCS 200/75, 70 ILCS 200/80, 70 ILCS 200/85, 70 ILCS 200/95, 70 ILCS 200/110, 70 ILCS 200/115, 70 ILCS 200/120, 70 ILCS 200/125, 70 ILCS 200/130, 70 ILCS 200/145, 70 ILCS 200/150, 70 ILCS 200/155, 70 ILCS 200/160, 70 ILCS 200/165, 70 ILCS 200/170, 70 ILCS 200/180, 70 ILCS 200/185, 70 ILCS 200/195, 70 ILCS 200/200, 70 ILCS 200/205, 70 ILCS 200/210, 70 ILCS 200/215, 70 ILCS 200/220, 70 ILCS 200/225, 70 ILCS 200/230, 70 ILCS 200/235, 70 ILCS 200/245, 70 ILCS 200/255, 70 ILCS 200/260, 70 ILCS 200/265, 70 ILCS 200/270, 70 ILCS 200/275, 70 ILCS 200/280, 70 ILCS 210/5, 70 ILCS 405/22, 70 ILCS 410/10, 70 ILCS 503/25, 70 ILCS 507/15, 70 ILCS 520/8, 70 ILCS 605/4, 70 ILCS 615/5, 70 ILCS 705/10, 70 ILCS 750/20, 70 ILCS 805/6, 70 ILCS 805/18, 70 ILCS 810/8, 70 ILCS 810/38, 70 ILCS 910/15, 70 ILCS 915/3, 70 ILCS 915/4, 70 ILCS 920/5, 70 ILCS 925/20, 70 ILCS 930/20, 70 ILCS 935/20, 70 ILCS 1005/7, 70 ILCS 1105/8, 70 ILCS 1205/7, 70 ILCS 1205/8, 70 ILCS 1205/9, 70 ILCS 1205/11, 70 ILCS 1225/2, 70 ILCS 1230/1, 70 ILCS 1250/2, 70 ILCS 1290/1, 70 ILCS 1305/2, 70 ILCS 1310/5, 70 ILCS 1505/15, 70 ILCS 1505/25, 70 ILCS 1505/26, 70 ILCS 1570/5, 70 ILCS 1801/30, 70 ILCS 1805/8, 70 ILCS 1810/7, 70 ILCS 1815/13, 70 ILCS 1820/4, 70 ILCS 1820/5, 70 ILCS 1825/4, 70 ILCS 1825/5, 70 ILCS 1830/7, 70 ILCS 1830/14, 70 ILCS 1831/30, 70 ILCS 1835/5, 70 ILCS 1837/30, 70 ILCS 1842/30, 70 ILCS 1845/4, 70 ILCS 1845/5, 70 ILCS 1850/4, 70 ILCS 1850/5, 70 ILCS 1860/4, 70 ILCS 1860/5, 70 ILCS 1863/11, 70 ILCS 1865/4, 70 ILCS 1865/5, 70 ILCS 1905/16, 70 ILCS 2105/9, 70 ILCS 2105/10, 70 ILCS 2205/15, 70 ILCS 2205/18, 70 ILCS 2205/19, 70 ILCS 2305/8, 70 ILCS 2305/15, 70 ILCS 2405/7, 70 ILCS 2405/8, 70 ILCS 2405/15, 70 ILCS 2405/16, 70 ILCS 2405/17, 70 ILCS 2405/18, 70 ILCS 2605/8, 70 ILCS 2605/16, 70 ILCS 2605/17, 70 ILCS 2605/35, 70 ILCS 2805/10, 70 ILCS 2805/24, 70 ILCS 2805/26, 70 ILCS 2805/27, 70 ILCS 2805/32, 70 ILCS 2905/2, 70 ILCS 3010/10, 70 ILCS 3205/12, 70 ILCS 3405/16, 70 ILCS 3605/7, 70 ILCS 3605/8, 70 ILCS 3605/10, 70 ILCS 3610/3, 70 ILCS 3615/2, 70 ILCS 3705/8, 70 ILCS 3705/23, 70 ILCS 3715/6, 70 ILCS 3715/27, 75 ILCS 5/4, 75 ILCS 16/30, 75 ILCS 65/1