Illinois House Bill 4537 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 4 2020 - 25% progression, died in committee
Action: 2020-02-05 - 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. Creates tax increment allocation financing extensions for ordinances adopted on October 13, 1999 by the Village of Sherman to create the Route 66 Crossing TIF District and the Rail Pointe TIF District. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after the adoption of the ordinance of September 17, 1986 by the Village of Sherman. Requires adoption of an ordinance extending the completion date and providing notice to the taxing bodies that would otherwise constitute the joint review board. Effective immediately.

TIF-VILLAGE OF SHERMAN

Rep. Timothy Butler [R]

Date	Chamber	Action
2020-02-05	House	Referred to Rules Committee
2020-02-05	House	First Reading
2020-02-04	House	Filed with the Clerk by Rep. Tim Butler

Chapter	Article	Section	Citation Type	Statute Text
65	5	11-74.4-3.5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4537&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB4537.htm