Bill Text: IL HB5457 | 2011-2012 | 97th General Assembly | Amended

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Bill Title: Amends the State Comptroller Act. Creates a provision allowing the Comptroller to establish and conduct a training and certification program for Tax Increment Finance administrators. Sets forth requirements of the program. Amends the Property Tax Code. Requires the name and identification number of a redevelopment project area where the property is located and a State Internet website address with information on tax increment financing to be printed on specified bills. Amends the Illinois Municipal Code. Provides that on and after January 1, 2013, the State Comptroller must post on its website specified information. Sets forth the requirements for the posting, daily charges for delinquent reports, times for filing reports, and extensions. Amends the Industrial Jobs Recovery Law of the Illinois Municipal Code. Provides that a municipality must electronically submit financial statements for each redevelopment project area. Further provides that, for each redevelopment project area, municipalities must also submit a list of all intergovernmental agreements in effect and an accounting of any moneys transferred or received by the municipality during that fiscal year pursuant to those intergovernmental agreements. Makes other changes. Amends the School Code. Provides that for certain school districts, the calculated local property tax revenues per pupil shall include any surplus received by the school district in the previous year from a special tax allocation fund, as provided by the Tax Increment Allocation Redevelopment Act or the Industrial Jobs Recovery Law. Effective January 1, 2013.

Spectrum: Bipartisan Bill

Status: (Failed) 2013-01-08 - Session Sine Die [HB5457 Detail]

Download: Illinois-2011-HB5457-Amended.html

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Rep. John E. Bradley

Filed: 5/29/2012

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AMENDMENT TO HOUSE BILL 5457
AMENDMENT NO. ______. Amend House Bill 5457 as follows:
on page 8, by replacing line 24 with "extension. An additional
copy of the report must be submitted to the State Board of
Education if the report identifies amounts designated as
surplus and distributed to taxing districts as provided in
Section 11-74.4-7 of the Tax Increment Allocation
Redevelopment Act. If the required report is not filed within
the time"; and
on page 32, by replacing lines 16 through 23 with the
following:
"camping and hunting. On and after January 1, 2013, no
redevelopment plan may be approved that allocates more than 40%
of the estimated redevelopment project costs to residential
developments, and no redevelopment plan shall be amended to
exceed that 40% limitation. The limitations on the allocation

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of estimated redevelopment project costs to residential
developments imposed by this amendatory Act of the 97th General
Assembly do not apply to residential development projects that:
(i) include affordable housing for low-income and very
low-income households, as defined by the Illinois Affordable
Housing Act; (ii) are located in a municipality with a
population of less than 25,000 inhabitants; or (iii) are
subject to a contract between the municipality and a developer
in existence prior to the effective date of this amendatory Act
of the 97th General Assembly. Each redevelopment plan"; and
on page 65, by deleting lines 10 through 19; and
on page 79, line 3, by replacing "2012" with "2013"; and
on page 99, by replacing lines 20 through 21 with "resubmitted
plan or amendment is rejected at the reconvened joint review
board meeting by a three-fifths vote of all taxing districts
and the public members, if elected, that constitute the joint
review board, with".