Illinois House Bill 2361

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Spectrum: Bipartisan Bill
Status: Introduced on February 14 2023 - 25% progression
Action: 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance adopted on December 23, 1986 by the City of Sparta to create TIF #1. Provides that specified termination procedures under the Act are not required for this redevelopment project area prior to the 47th calendar year after the year in which the ordinance approving the redevelopment project year was adopted. Effective immediately.

TIF-CITY OF SPARTA

Rep. Jay Hoffman [D]

Rep. David Friess [R]

Date	Chamber	Action
2023-03-10	House	Rule 19(a) / Re-referred to Rules Committee
2023-02-23	House	To Revenue - Property Tax Subcommittee
2023-02-21	House	Added Co-Sponsor Rep. David Friess
2023-02-21	House	Assigned to Revenue & Finance Committee
2023-02-14	House	Referred to Rules Committee
2023-02-14	House	First Reading
2023-02-14	House	Filed with the Clerk by Rep. Jay Hoffman

Chapter	Article	Section	Citation Type	Statute Text
65	5	11-74.4-3.5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2361&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB2361.htm