IL SB1391 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on February 6 2023 - 25% progression
Action: 2024-03-22 - Added as Co-Sponsor Sen. Laura Ellman
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Modifies factors used by a municipality to determine if an area is a blighted area or a conservation area to be included in the area of a redevelopment project area when establishing the area. Provides that a new redevelopment project area shall have a completion date no later than December 31st of the 20th year after the ordinance was adopted (rather than the 23rd year), and provides that the redevelopment project area may be extended, with the approval of each member of the joint review board, only 2 additional years (rather than extended to the 35th year and extended again to the 47th year). Provides that a municipality may not approve redevelopment project areas or expansions of redevelopment project areas that overlap with an existing redevelopment project area. Provides that 10% of moneys deposited into the special tax allocation fund shall be transferred to the local chamber of commerce or chambers of commerce representing the redevelopment project area for the chamber or chambers of commerce to use for grants to businesses that employee fewer than 50 full-time employees if the business moves within the redevelopment project area. Provides that moneys transferred to a chamber of commerce not used or pledged within one year of transfer of the moneys shall be returned to the municipality and are designated surplus funds of the redevelopment project area. Adds nonvoting members to joint review boards. Provides that, if a school district or community college district does not approve of the creation of a redevelopment project area, then the portion of the taxes attributable to the increase in the current equalized assessed valuation which would be payable to the nonconsenting district shall be paid to that district. Effective immediately.

Tracking Information

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Title

TIF/REDEVELOPMENT PROJECT AREA

Sponsors


History

DateChamberAction
2024-03-22SenateAdded as Co-Sponsor Sen. Laura Ellman
2024-03-06SenateAdded as Co-Sponsor Sen. Christopher Belt
2024-03-06SenateAdded as Co-Sponsor Sen. Michael W. Halpin
2024-03-06SenateAdded as Co-Sponsor Sen. Laura Fine
2024-02-20SenateAdded as Chief Co-Sponsor Sen. Ann Gillespie
2024-02-20SenateChief Sponsor Changed to Sen. Mary Edly-Allen
2023-03-31SenateSenate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments
2023-03-31SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2023-03-31SenateRule 3-9(a) / Re-referred to Assignments
2023-03-30SenatePostponed - Executive
2023-03-30SenateSenate Committee Amendment No. 2 Postponed - Executive
2023-03-30SenateSenate Committee Amendment No. 1 Postponed - Executive
2023-03-28SenateAdded as Co-Sponsor Sen. Karina Villa
2023-03-28SenateSenate Committee Amendment No. 2 Assignments Refers to Executive
2023-03-27SenateSenate Committee Amendment No. 2 Referred to Assignments
2023-03-27SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Ann Gillespie
2023-03-22SenateAdded as Co-Sponsor Sen. Rachel Ventura
2023-03-21SenateRule 2-10 Committee Deadline Established As March 31, 2023
2023-03-21SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
2023-03-21SenateRe-assigned to Executive
2023-03-10SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2023-03-10SenateRule 3-9(a) / Re-referred to Assignments
2023-03-09SenatePostponed - Executive
2023-03-09SenateSenate Committee Amendment No. 1 Postponed - Executive
2023-03-07SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
2023-03-03SenateSenate Committee Amendment No. 1 Referred to Assignments
2023-03-03SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Ann Gillespie
2023-02-16SenateAdded as Co-Sponsor Sen. Ram Villivalam
2023-02-16SenateAdded as Chief Co-Sponsor Sen. Robert Peters
2023-02-16SenateAdded as Chief Co-Sponsor Sen. Doris Turner
2023-02-15SenateSponsor Removed Sen. Mary Edly-Allen
2023-02-15SenateAdded as Chief Co-Sponsor Sen. Mary Edly-Allen
2023-02-14SenateAssigned to Executive
2023-02-06SenateReferred to Assignments
2023-02-06SenateFirst Reading
2023-02-06SenateFiled with Secretary by Sen. Ann Gillespie

Code Citations

ChapterArticleSectionCitation TypeStatute Text
65511-74.4-3Amended CodeCitation Text
65511-74.4-3.5Amended CodeCitation Text
65511-74.4-5Amended CodeCitation Text
65511-74.4-7Amended CodeCitation Text
65511-74.4-8Amended CodeCitation Text

Illinois State Sources


Bill Comments

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