IL HB1646 | 2023-2024 | 103rd General Assembly

Illinois House Bill 1646

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 1 2023 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that moneys in the special tax allocation fund may be used to make distributions to certain taxing districts. Provides that moneys received from the additional distributions may be used by the affected taxing district to pay debt service on obligations incurred by the taxing district and to provide property tax relief. Effective immediately.

Title

MUNI CD-TIF REVENUE

History

Date	Chamber	Action
2024-04-05	House	Rule 19(a) / Re-referred to Rules Committee
2024-03-08	House	To Revenue - Property Tax Subcommittee
2024-02-28	House	Assigned to Revenue & Finance Committee
2023-03-16	House	Added Co-Sponsor Rep. Chris Miller
2023-03-10	House	Rule 19(a) / Re-referred to Rules Committee
2023-02-23	House	To Revenue - Property Tax Subcommittee
2023-02-15	House	Assigned to Revenue & Finance Committee
2023-02-01	House	Referred to Rules Committee
2023-02-01	House	First Reading
2023-02-01	House	Filed with the Clerk by Rep. Blaine Wilhour

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
65	5	11-74.4-7	Amended Code	Citation Text
65	5	11-74.4-8	Amended Code	Citation Text

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1646&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB1646.htm