Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that the estimated dates of completion of the redevelopment project and retirement of obligations issued to finance redevelopment project costs is the 15th calendar year (rather than the 23rd calendar year) after the year in which the ordinance approving the redevelopment project area was adopted for ordinances adopted on or after the effective date of the amendatory Act. Effective immediately.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2021-04-02 - Added Co-Sponsor Rep. Chris Miller [HB0845 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2021-02-10	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB0845

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB0845 currently on file.

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