Illinois Senate Bill 3151 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 9 2010 - 25% progression, died in committee
Action: 2010-06-27 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Economic Development Area Tax Increment Allocation Act, the County Economic Development Project Area Property Tax Allocation Act, the County Economic Development Project Area Tax Increment Allocation Act of 1991, the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code, and the Economic Development Project Area Tax Increment Allocation Act of 1995. Provides that, beginning January 1, 2011, the initial equalized assessed value of all taxable real property within the economic development project area must be increased over the initial equalized assessed value of the previous year by the annual rate of increase, for the previous calendar year, of the Consumer Price Index for All Urban Consumers for all items, published by the United States Bureau of Labor Statistics. Effective immediately.

TIF-INFLATION ADJUSTMENTS

Sen. Terry Link [D]

Sen. Christine Radogno [R]

Date	Chamber	Action
2010-06-27		Pursuant to Senate Rule 3-9(b) / Referred to Assignments
2010-04-23		Rule 2-10 Third Reading Deadline Established As May 7, 2010
2010-03-26		Rule 2-10 Third Reading Deadline Established As April 15, 2010
2010-03-19		Rule 2-10 Third Reading Deadline Established As March 26, 2010
2010-03-18		Placed on Calendar Order of 3rd Reading March 23, 2010
2010-03-18		Senate Floor Amendment No. 1 Adopted; Link
2010-03-18		Second Reading
2010-03-16		Senate Floor Amendment No. 1 Recommend Do Adopt Revenue; 007-000-000
2010-03-16		Senate Floor Amendment No. 1 Assignments Refers to Revenue
2010-03-11		Senate Floor Amendment No. 1 Referred to Assignments
2010-03-11		Senate Floor Amendment No. 1 Filed with Secretary by Sen. Terry Link
2010-02-24		Placed on Calendar Order of 2nd Reading February 25, 2010
2010-02-24		Do Pass Revenue; 010-000-000
2010-02-23		Added as Chief Co-Sponsor Sen. Christine Radogno
2010-02-16		Assigned to Revenue
2010-02-09		Referred to Assignments
2010-02-09		First Reading
2010-02-09		Filed with Secretary by Sen. Terry Link

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3151&GAID=10&DocTypeID=SB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/SB/09600SB3151.htm