Bill Title: Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that any private individual or entity that receives benefits under this Act for the purpose of originating, locating, maintaining, rehabilitating, or expanding a business facility and that abandons or relocates its facility in violation of the agreement shall pay to the municipality an amount equal to the prorated value of the benefit.

Sponsorship: Slight Partisan Bill (Democrat 9-4)

Status: (Passed) 2009-08-11 - Public Act . . . . . . . . . 96-0324 [HB4326 Detail]

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Bill Drafts

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Enrolled	Not Avail	HTML/Text	Link	View
Engrossed	Not Avail	HTML/Text	Link	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB4326

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4326 currently on file.