IL HB5794 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on August 24 2022 - 25% progression, died in committee
Action: 2022-11-16 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on August 24 2022 - 25% progression, died in committee
Action: 2022-11-16 - 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) for 2 redevelopment project areas adopted by the City of Pontiac if the City of Pontiac adopts a specified ordinance and provides notice to the taxing bodies that would otherwise constitute the joint review board of each redevelopment project area. Effective immediately.
Title
TIF-CITY OF PONTIAC
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-11-16 | House | Referred to Rules Committee |
| 2022-11-16 | House | First Reading |
| 2022-08-24 | House | Filed with the Clerk by Rep. Thomas M. Bennett |
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=5794&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/HB/10200HB5794.htm |
