Illinois House Bill 5230 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that for redevelopment project areas created on and after the effective date of the amendatory Act, "blighted areas" must have a household median income of 100% or less of the area median income, as defined by the U.S. Department of Housing and Urban Development, in addition to the other requirements for "blighted areas". Provides that on or after January 1, 2019, tax increment revenues may be utilized for jointly undertaken and performed redevelopment projects only in an amount equal to the percentage of eligible costs undertaken within the redevelopment project area that received the revenue. Provides that tax increment revenues received in one redevelopment project area may not be used for eligible costs in another redevelopment project area on or after January 1, 2019 and tax increment revenues may not be transferred to another redevelopment project area on or after January 1, 2019. Provides that if there are any contracts or agreements in force on the effective date of the amendatory Act, tax increment revenues may continue to be used or transferred to another redevelopment project area or utilized for jointly undertaken and performed redevelopment projects after January 1, 2019 only to the extent necessary to comply with the contract or agreement.

TIF-BLIGHT AND UTILIZE REVENUE

Rep. William Davis [D]

Rep. Rita Mayfield [D]

Rep. Margo McDermed [R]

Rep. Carol Ammons [D]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2018-04-10	House	Added Chief Co-Sponsor Rep. Carol Ammons
2018-03-22	House	Added Chief Co-Sponsor Rep. Margo McDermed
2018-03-09	House	Added Chief Co-Sponsor Rep. Rita Mayfield
2018-02-16	House	Referred to Rules Committee
2018-02-16	House	First Reading
2018-02-15	House	Filed with the Clerk by Rep. William Davis

Chapter	Article	Section	Citation Type	Statute Text
65	5	11-74.4-3	Amended Code	Citation Text
65	5	11-74.4-3.1	Amended Code	Citation Text
65	5	11-74.4-4	Amended Code	Citation Text
65	5	11-74.4-4.3	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5230&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB5230.htm