Bill Title: 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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2022-11-16 - Referred to Rules Committee [HB5794 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2022-08-24	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5794

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5794 currently on file.

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