IL SB1990 | 2009-2010 | 96th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 20 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that annual revenues in excess of the budget for a redevelopment project area must be returned to the affected taxing districts. Provides that all redevelopment project areas must be approved by a majority vote of each county board and the governing authorities of the other taxing districts with boundaries that overlap the proposed redevelopment project area. Requires a municipality to create a citizen review panel for any redevelopment project area created by a municipality. Provides that a municipality must seek the advice of the citizen review panel concerning the budget and goals for redevelopment project areas.

Tracking Information

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Title

TIF-BUDGET-CITIZEN REVIEW

Sponsors


History

DateChamberAction
2009-03-13 Rule 3-9(a) / Re-referred to Assignments
2009-03-12 To Revenue Subcommittee on Property Taxes
2009-03-04 Assigned to Revenue
2009-02-20 Referred to Assignments
2009-02-20 First Reading
2009-02-20 Filed with Secretary by Sen. Michael Noland

Illinois State Sources


Bill Comments

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