IL HB0713 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Revises the definition of "redevelopment project costs" by providing that redevelopment project costs for a redevelopment project area includes all or a portion of a taxing district's capital or operating costs (currently, only capital costs) resulting from the redevelopment project reasonably incurred (currently, necessarily incurred) or to be incurred within a taxing district as a result of the redevelopment plan and project (currently, incurred within a taxing district in furtherance of the objectives of the redevelopment plan and project). Removes a requirement that the municipality, by written agreement, accept and approve these costs.

Tracking Information

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Title

MUNI CD-TIF REDEVELOPMENT PLAN

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2017-03-31HouseRule 19(a) / Re-referred to Rules Committee
2017-02-24HouseTo Property Tax Subcommittee
2017-02-08HouseAssigned to Revenue & Finance Committee
2017-01-25HouseReferred to Rules Committee
2017-01-25HouseFirst Reading
2017-01-25HouseFiled with the Clerk by Rep. Linda Chapa LaVia

Code Citations

ChapterArticleSectionCitation TypeStatute Text
65511-74.4-3Amended CodeCitation Text

Illinois State Sources


Bill Comments

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