Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after the adoption of the ordinance of December 20, 1986 by the City of Charleston. Requires adoption of an ordinance extending the completion date and providing notice to the taxing bodies that would otherwise constitute the joint review board. Effective immediately.

Spectrum: Moderate Partisan Bill (Republican 4-1)

Status: (Failed) 2021-01-13 - Session Sine Die [SB2683 Detail]

Text: Latest bill text (Engrossed) [HTML]

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