IL SB1415 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2017 - 25% progression
Action: 2017-04-25 - Senate Committee Amendment No. 2 Assignments Refers to Local Government
Pending: Senate Local Government Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Revises the definition of "redevelopment project costs" by providing that redevelopment project costs for a redevelopment project area includes all or a portion of a taxing district's capital or operating costs (currently, only capital costs) resulting from the redevelopment project reasonably incurred (currently, necessarily incurred) or to be incurred within a taxing district as a result of the redevelopment plan and project (currently, incurred within a taxing district in furtherance of the objectives of the redevelopment plan and project). Removes a requirement that the municipality, by written agreement, accept and approve these costs.

Tracking Information

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Title

MUNI CD-TIF REDEVELOPMENT PLAN

Sponsors


History

DateChamberAction
2017-04-25SenateSenate Committee Amendment No. 2 Assignments Refers to Local Government
2017-04-20SenateSenate Committee Amendment No. 2 Referred to Assignments
2017-04-20SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Linda Holmes
2017-04-07SenateRule 2-10 Committee Deadline Established As May 5, 2017
2017-04-05SenateSenate Committee Amendment No. 1 Postponed - Local Government
2017-04-05SenatePostponed - Local Government
2017-03-29SenateSenate Committee Amendment No. 1 Postponed - Local Government
2017-03-29SenatePostponed - Local Government
2017-03-17SenateRule 2-10 Committee Deadline Established As April 7, 2017
2017-03-15SenateSenate Committee Amendment No. 1 Assignments Refers to Local Government
2017-03-10SenateSenate Committee Amendment No. 1 Referred to Assignments
2017-03-10SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Linda Holmes
2017-03-08SenatePostponed - Local Government
2017-02-22SenateAssigned to Local Government
2017-02-09SenateReferred to Assignments
2017-02-09SenateFirst Reading
2017-02-09SenateFiled with Secretary by Sen. Linda Holmes

Code Citations

ChapterArticleSectionCitation TypeStatute Text
65511-74.4-3Amended CodeCitation Text

Illinois State Sources


Bill Comments

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