Illinois House Bill 281 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 26 2021 - 25% progression, died in committee
Action: 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that "redevelopment project costs" include costs payable to businesses located within the redevelopment area that have experienced business interruption or other adverse conditions directly or indirectly attributable to the COVID-19 public health emergency. Provides that the costs may be reimbursed in the form of grants, subsidies, or loans and that the municipality may establish procedures for the payment of such costs, including application procedures, grant or loan agreements, certifications, payment methodologies, and other accountability measures that may be imposed upon participating businesses. Defines "costs of business interruption".

TIF-REDEVELOPMENT PROJECT COST

Rep. Debbie Meyers-Martin [D]

Rep. Stephanie Kifowit [D]

Date	Chamber	Action
2021-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2021-03-04	House	To Property Tax Subcommittee
2021-02-24	House	Added Co-Sponsor Rep. Stephanie A. Kifowit
2021-02-23	House	Assigned to Revenue & Finance Committee
2021-01-29	House	Referred to Rules Committee
2021-01-29	House	First Reading
2021-01-26	House	Filed with the Clerk by Rep. Debbie Meyers-Martin

Chapter	Article	Section	Citation Type	Statute Text
65	5	11-74.4-3	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=281&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/HB/10200HB0281.htm