IL HB2963 | 2021-2022 | 102nd General Assembly
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 18 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]
Status: Introduced on February 18 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]
Summary
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that moneys in the special tax allocation fund may be used to make distributions to certain taxing districts. Provides that moneys received from the additional distributions may be used by the affected taxing district to pay debt service on obligations incurred by the taxing district and to provide property tax relief. Effective immediately.
Title
MUNI CD-TIF REVENUE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-18 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2022-02-03 | House | To Property Tax Subcommittee |
| 2022-01-25 | 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 |
| 2021-02-18 | House | Filed with the Clerk by Rep. Blaine Wilhour |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 65 | 5 | 11-74.4-7 | Amended Code | Citation Text |
| 65 | 5 | 11-74.4-8 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2963&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/HB/10200HB2963.htm |
