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 Chicago, the Village of Elkhart, the City of Robinson, the Village of Valmeyer, and the City of McHenry. Creates tax increment allocation financing extensions to the 47th year (currently, the 35th year) for ordinances adopted by the City of Pontiac if the City of Pontiac adopts a specified ordinance and provides notice to the taxing bodies that would otherwise constitute the joint review board of each redevelopment project area. Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 9-4)

Status: (Passed) 2022-12-21 - Public Act . . . . . . . . . 102-1113 [SB1595 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2022-12-21	HTML/Text	Link	View
Enrolled	2022-12-02	HTML/Text	Link	View
Engrossed	2021-04-23	HTML/Text	Link	View
Introduced	2021-02-26	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 002	2022-11-30	Proposed	HTML/Text	Link	View
House Amendment 001	2022-11-29	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1595 currently on file.

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