Bill Texts: IL SB1415 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Revises the definition of "redevelopment project costs" by providing that redevelopment project costs for a redevelopment project area includes all or a portion of a taxing district's capital or operating costs (currently, only capital costs) resulting from the redevelopment project reasonably incurred (currently, necessarily incurred) or to be incurred within a taxing district as a result of the redevelopment plan and project (currently, incurred within a taxing district in furtherance of the objectives of the redevelopment plan and project). Removes a requirement that the municipality, by written agreement, accept and approve these costs.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2018-12-27 - Public Act . . . . . . . . . 100-1164 [SB1415 Detail]

Bill Drafts

RevisionDateFormatSourceView
Chaptered2019-01-02HTML/TextLinkView
Enrolled2018-11-29HTML/TextLinkView
Engrossed2017-05-19HTML/TextLinkView
Introduced2017-02-09HTML/TextLinkView

Amendments

AmendmentDateDispositionFormatSourceView
House Amendment 0032018-11-26ProposedHTML/TextLinkView
House Amendment 0022018-11-09ProposedHTML/TextLinkView
House Amendment 0012017-05-23ProposedHTML/TextLinkView
Senate Amendment 0042017-05-10ProposedHTML/TextLinkView
Senate Amendment 0032017-05-05ProposedHTML/TextLinkView
Senate Amendment 0022017-04-20ProposedHTML/TextLinkView
Senate Amendment 0012017-03-10ProposedHTML/TextLinkView

Supplemental Documents

TitleDescriptionDateFormatSourceView
No supplemental documents for Illinois SB1415 currently on file.

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