IL HB2363 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 17 2021 - 25% progression, died in committee
Action: 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 17 2021 - 25% progression, died in committee
Action: 2021-03-27 - 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 of the Illinois Municipal Code. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after the adoption of the ordinance of September 17, 1986 by the Village of Sherman. Requires adoption of an ordinance extending the completion date and providing notice to the taxing bodies that would otherwise constitute the joint review board. Effective immediately.
Title
TIF-VILLAGE OF SHERMAN
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2021-03-18 | House | To Property Tax Subcommittee |
| 2021-03-09 | House | Assigned to Revenue & Finance Committee |
| 2021-02-17 | House | Referred to Rules Committee |
| 2021-02-17 | House | First Reading |
| 2021-02-17 | House | Filed with the Clerk by Rep. Tim Butler |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 65 | 5 | 11-74.4-3.5 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2363&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/HB/10200HB2363.htm |
