Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that all surplus funds in the special tax allocation fund shall be distributed as soon as possible after they are calculated (rather than distributed annually within 180 days after the close of the municipality's fiscal year).

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-01-31 - Referred to Assignments [SB1432 Detail]

Text: Latest bill text (Introduced) [HTML]

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