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]

Text: Latest bill text (Enrolled) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
Senate	Third Reading in Senate	2009-05-15	49	0	5	0	54	Passed	Link	View
House	Third Reading in House	2009-03-26	115	1	0	0	116	Passed	Link	View