IL HB4806 | 2019-2020 | 101st General Assembly
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 11 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 11 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / 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 shall 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
| Rep. Blaine Wilhour [R] | Rep. Jonathan Carroll [D] | Rep. Deanne Mazzochi [R] | Rep. Joe Sosnowski [R] |
| Sen. Mark Walker [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-06-23 | House | Rule 19(b) / Re-referred to Rules Committee |
| 2020-03-12 | House | Assigned to Revenue & Finance Committee |
| 2020-03-05 | House | Added Chief Co-Sponsor Rep. Jonathan Carroll |
| 2020-03-05 | House | Added Co-Sponsor Rep. Mark L. Walker |
| 2020-03-05 | House | Added Co-Sponsor Rep. Joe Sosnowski |
| 2020-02-25 | House | Added Co-Sponsor Rep. Deanne M. Mazzochi |
| 2020-02-18 | House | Referred to Rules Committee |
| 2020-02-18 | House | First Reading |
| 2020-02-11 | 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=4806&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/HB/10100HB4806.htm |
