Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated dates of completion of redevelopment projects and the retirement of obligations issued to finance redevelopment project costs for various ordinances adopted by the Village of Bourbonnais, City of Geneva, Village of Downers Grove, City of Chicago, and Village of Fox River Grove. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after the adoption of the ordinance of March 30, 1992 by the Village of Ohio. Requires adoption of an ordinance by the Village of Ohio extending the completion date of the redevelopment project area to 47 years and providing notice to the taxing bodies that would otherwise constitute the joint review board. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 5-1)

Status: (Passed) 2023-12-08 - Public Act . . . . . . . . . 103-0575 [SB0696 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2023-12-08	HTML/Text	Link	View
Enrolled	2023-11-13	HTML/Text	Link	View
Engrossed	2023-10-25	HTML/Text	Link	View
Introduced	2023-02-02	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 003	2023-11-08	Proposed	HTML/Text	Link	View
House Amendment 001	2023-11-07	Proposed	HTML/Text	Link	View
House Amendment 002	2023-11-07	Proposed	HTML/Text	Link	View
Senate Amendment 001	2023-10-23	Proposed	HTML/Text	Link	View
Senate Amendment 002	2023-10-23	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0696 currently on file.

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