IL SB1035 | 2019-2020 | 101st General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]
Summary
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that any ordinance adopting tax increment financing on or after the effective date of the amendatory Act shall specify a date for the dissolution of the special tax allocation fund and a date for the termination of the designation of the redevelopment project area. Provides that, within 90 days after the effective date of the amendatory Act, each municipality shall amend all existing tax increment financing ordinances to specify a date for the dissolution of the special tax allocation fund and a date for termination of the designation of the redevelopment project area. Provides that municipalities shall notify affected taxing districts of the termination of redevelopment project areas by July 1 (currently, November 1) of the calendar year in which the redevelopment project area is terminated. Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if a municipality has failed to provide timely notice to all taxing bodies of the termination of a redevelopment project area and the county clerk has been notified of that failure, then "recovered tax increment value" means the amount of the current year's equalized assessed value in the first year beginning at least 60 days after the notice has been provided.
Title
TIF-PTELL-VARIOUS
Sponsors
Roll Calls
2019-04-12 - Senate - Third Reading in Senate (Y: 53 N: 0 NV: 6 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2021-01-13 | Senate | Session Sine Die |
2019-06-28 | House | Rule 19(a) / Re-referred to Rules Committee |
2019-05-31 | House | Final Action Deadline Extended-9(b) June 30, 2019 |
2019-05-24 | House | Final Action Deadline Extended-9(b) May 31, 2019 |
2019-05-22 | House | Held on Calendar Order of Second Reading - Short Debate |
2019-05-22 | House | Second Reading - Short Debate |
2019-05-09 | House | Placed on Calendar 2nd Reading - Short Debate |
2019-05-09 | House | Do Pass / Short Debate Revenue & Finance Committee; 015-000-000 |
2019-04-30 | House | Assigned to Revenue & Finance Committee |
2019-04-30 | House | Referred to Rules Committee |
2019-04-30 | House | First Reading |
2019-04-15 | House | Chief House Sponsor Rep. Jim Durkin |
2019-04-15 | House | Arrived in House |
2019-04-12 | Senate | Third Reading - Passed; 053-000-000 |
2019-04-12 | Senate | Placed on Calendar Order of 3rd Reading |
2019-04-12 | Senate | Senate Floor Amendment No. 1 Adopted; Weaver |
2019-04-12 | Senate | Recalled to Second Reading |
2019-04-10 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Revenue; 008-000-000 |
2019-04-09 | Senate | Senate Floor Amendment No. 1 Assignments Refers to Revenue |
2019-04-04 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
2019-04-04 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. Chuck Weaver |
2019-04-01 | Senate | Chief Sponsor Changed to Sen. Chuck Weaver |
2019-03-07 | Senate | Placed on Calendar Order of 3rd Reading March 12, 2019 |
2019-03-07 | Senate | Second Reading |
2019-03-06 | Senate | Placed on Calendar Order of 2nd Reading March 7, 2019 |
2019-03-06 | Senate | Do Pass Executive; 016-000-000 |
2019-02-20 | Senate | Assigned to Executive |
2019-01-31 | Senate | Referred to Assignments |
2019-01-31 | Senate | First Reading |
2019-01-31 | Senate | Filed with Secretary by Sen. William E. Brady |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
70 | 518 | 5 | Amended Code | Citation Text |