Comments: IL HB3431 | 2017-2018 | 100th General Assembly
Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that a municipality may, by resolution, make payments in lieu of taxes only to a fire protection district, and not to all taxing districts, within a redevelopment area if the municipality finds: (1) the fire protection district will receive, or has received, a unique impact and burden on its services, distinct from the other taxing districts in the project redevelopment area; and (2) the unique impact and burden is due to new development in the project redevelopment area. Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HB3431 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HB3431 Detail]
Text: Latest bill text (Introduced) [HTML]
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