Illinois House Bill 2436 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 17 2021 - 25% progression, died in committee
Action: 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy year 2022 and thereafter, the limiting rate shall include 50% of the value of new property (currently, 100% of the value of new property is excluded). Makes changes to the definition of "aggregate extension base". Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Adds two factors to the determination of a "blighted area" for improved, industrial, commercial, and residential buildings or improvements related to poverty and unemployment. Removes or modifies various factors from the definitions of "blighted area" and "conservation area" for improved and vacant areas. Provides that a new redevelopment project shall have a completion date no later than December 31st of the 10th year after the ordinance was adopted (rather than the 23rd year) and may be extended to 15 years (rather than 35 years). Provides that the joint review board and municipality shall approve surplus funds and extensions of redevelopment project area completion dates. Provides that surplus funds shall be distributed annually within 90 days (currently, 180 days) after the close of a municipality's fiscal year. Provides that a new or modified redevelopment project area that overlaps with any existing redevelopment project area shall not be approved. Effective immediately, except that provisions amending the Illinois Municipal Code take effect on January 1, 2022.

PTELL-LIMITING RATE

Sen. Mark Walker [D]

Rep. Suzanne Ness [D]

Date	Chamber	Action
2022-02-18	House	Rule 19(a) / Re-referred to Rules Committee
2022-01-27	House	To Property Tax Subcommittee
2022-01-13	House	Added Co-Sponsor Rep. Suzanne Ness
2022-01-05	House	Assigned to Revenue & Finance Committee
2021-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2021-03-18	House	To Property Tax Subcommittee
2021-03-09	House	Assigned to Revenue & Finance Committee
2021-02-19	House	Referred to Rules Committee
2021-02-19	House	First Reading
2021-02-17	House	Filed with the Clerk by Rep. Mark L. Walker

Chapter	Article	Section	Citation Type	Statute Text
35	200	18-185	Amended Code	Citation Text
65	5	11-74.4-3	Amended Code	Citation Text
65	5	11-74.4-3.5	Amended Code	Citation Text
65	5	11-74.4-5	Amended Code	Citation Text
65	5	11-74.4-7	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2436&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/HB/10200HB2436.htm