IL SB1620 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]
Summary
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that all accumulated tax incremental revenues not specifically appropriated for defined costs for projects within a redevelopment project area by the end of a municipality's fiscal year shall be deemed "surplus" funds. Provides that all surplus funds in the special tax allocation fund shall be distributed annually within 60 (instead of 180) days after the close of the municipality's fiscal year. Effective immediately.
Title
MUNI CD-TIF-EXEMPT SCHOOLS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-08 | Senate | Session Sine Die |
| 2011-07-23 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
| 2011-03-17 | Senate | Placed on Calendar Order of 2nd Reading March 17, 2011 |
| 2011-03-17 | Senate | Do Pass as Amended Revenue; 008-000-001 |
| 2011-03-16 | Senate | Senate Committee Amendment No. 1 Adopted |
| 2011-03-14 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Revenue |
| 2011-03-11 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2011-03-11 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Heather A. Steans |
| 2011-03-10 | Senate | Postponed - Revenue |
| 2011-03-03 | Senate | Postponed - Revenue |
| 2011-02-23 | Senate | Assigned to Revenue |
| 2011-02-09 | Senate | Referred to Assignments |
| 2011-02-09 | Senate | First Reading |
| 2011-02-09 | Senate | Filed with Secretary by Sen. Heather A. Steans |
