Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated dates of completion of redevelopment projects and the retirement of obligations issued to finance redevelopment project costs for various ordinances adopted by the City of Spring Valley, the City of Mt. Vernon, the City of Centralia, the City of Paris, the Village of Bedford Park, the Village of Summit, the Village of Lisle, the Village of Hoffman Estates, the Village of Mokena, the Village of Seneca, the Village of South Holland, and the Town of Cicero. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after the adoption of the ordinance of December 3, 1993 by the City of Lacon creating the City of Lacon TIF District I. Requires adoption of an ordinance by the City of Lacon extending the completion date of the redevelopment project area to 47 years and providing notice to the taxing bodies that would otherwise constitute the joint review board. Effective immediately

Sponsorship: Partisan Bill (Democrat 3)

Status: (Enrolled) 2026-06-26 - Sent to the Governor [HB1441 Detail]

Text: Latest bill text (Enrolled) [HTML]

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