Illinois House Bill 5017 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 13 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / 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. In a municipality's annual reporting for each redevelopment project area, provides that the municipality shall report the percentage of the amounts of expenditures from the special tax allocation fund on redevelopment project costs compared to the amounts deposited into the special tax allocation fund during the fiscal year. Provides that a redevelopment project area is dormant when the percentage of the amounts of expenditures from a special tax allocation fund on redevelopment project costs is 10% or less than the amounts deposited into the special tax allocation fund for 7 consecutive fiscal years of the redevelopment project area. Provides that a municipality shall by ordinance terminate a dormant redevelopment project area no later than 45 days after filing its annual report indicating that a redevelopment project area is dormant. Provides that if a municipality fails to terminate a dormant redevelopment project area as required, the municipality shall be subject to a fine of $1,000 per day until it terminates the dormant redevelopment project area. Effective immediately.

MUNI-DORMANT TIF DISTRICTS

Rep. Anne Stava-Murray [D]

Date	Chamber	Action
2020-06-23	House	Rule 19(b) / Re-referred to Rules Committee
2020-03-12	House	Assigned to Revenue & Finance Committee
2020-02-18	House	Referred to Rules Committee
2020-02-18	House	First Reading
2020-02-13	House	Filed with the Clerk by Rep. Anne Stava-Murray

Chapter	Article	Section	Citation Type	Statute Text
65	5	11-74.4-13	New Code	See Bill Text
65	5	11-74.4-5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5017&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB5017.htm