IL SB1304 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 3 2023 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 3 2023 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that all surplus funds in the special tax allocation fund shall be distributed as soon as possible after they are calculated (rather than distributed annually within 180 days after the close of the municipality's fiscal year).
Title
MUNI CD-TIF SURPLUS FUNDS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-15 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2024-01-10 | Senate | Re-assigned to Local Government |
| 2023-03-10 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2023-03-09 | Senate | Postponed - Local Government |
| 2023-02-23 | Senate | Postponed - Local Government |
| 2023-02-14 | Senate | Assigned to Local Government |
| 2023-02-03 | Senate | Referred to Assignments |
| 2023-02-03 | Senate | First Reading |
| 2023-02-03 | Senate | Filed with Secretary by Sen. Laura M. Murphy |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 65 | 5 | 11-74.4-7 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1304&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB1304.htm |
