Illinois Senate Bill 2839

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Sponsorship: Partisan Bill (Democrat 3)
Status: Introduced on January 13 2026 - 25% progression, died in committee
Action: 2026-05-22 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Municipal Code. Provides that no redevelopment plan shall be adopted unless the plan establishes a process for allocating funds for the project that includes the members of the join review board. Provides that municipalities may use some of the tax revenue attributable to the increase in the current equalized assessed valuation of each taxable lot, block, tract, or parcel of real property in the redevelopment project area over and above the initial equalized assessed value of each property in the project area to fund grants to small businesses employing less than 50 people. Provides that these grants shall be considered "redevelopment project costs". Provides that estimated dates of completion of redevelopment project costs may be extended to the 35th calendar year for redevelopment project areas adopted on or before June 30, 2023 and to the 33rd calendar year for redevelopment project areas adopted on or after July 1, 2023 (rather than to the 22nd calendar year for all future extensions). Provides that municipalities shall give at least 90 days' notice before the extending the completion date, approving the creation of a new project area which overlaps with an existing area, or transferring surpluses between areas. Provides that the joint review board may issue a written report approving or disapproving of the municipality's proposal within the notice period. Provides that approval may be presumed if no report is filed. Provides that all surplus funds shall be distributed as soon as possible after they are calculated (rather than annually within 180 days of the close of the municipalities fiscal year). Provides that an amount equal to the change in the current equalized assessed valuation that is attributable to the change caused by the Consumer Price Index for All Urban Consumers during the 12-month calendar year preceding the levy may be subtracted from the portion of taxes which is attributable to the increase in the current equalized valuation of specified properties. Makes other and conforming changes. Effective immediately.

TIF-Various

Sen. Mark Walker [D]

Sen. Michael Halpin [D]

Sen. Mary Edly-Allen [D]

Date	Chamber	Action
2026-05-22	Senate	Rule 3-9(a) / Re-referred to Assignments
2026-05-15	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
2026-04-24	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
2026-03-13	Senate	Rule 2-10 Committee Deadline Established As April 24, 2026
2026-02-03	Senate	Assigned to Revenue
2026-01-14	Senate	Added as Co-Sponsor Sen. Mary Edly-Allen
2026-01-14	Senate	Added as Co-Sponsor Sen. Michael W. Halpin
2026-01-13	Senate	Referred to Assignments
2026-01-13	Senate	First Reading
2026-01-13	Senate	Filed with Secretary by Sen. Mark L. Walker

Chapter	Article	Section	Citation Type	Statute Text
65	5	11-74.4-3	Amended Code	Citation Text
65	5	11-74.4-3.5	Amended Code	Citation Text
65	5	11-74.4-5	Amended Code	Citation Text
65	5	11-74.4-7	Amended Code	Citation Text
65	5	11-74.4-8	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/Legislation/BillStatus?DocNum=2839&GAID=18&DocTypeID=SB&LegId=165041&SessionID=114
Text	https://www.ilga.gov/Legislation/BillStatus/FullText?LegDocId=206389&DocName=10400SB2839&DocNum=2839&DocTypeID=SB&LegID=165041&GAID=18&SessionID=114&SpecSess=&Session=