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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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: 5/23/2012

09700HB5457ham002 LRB097 20091 KMW 69993 a
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, line 16, after "2013,", by inserting "in a
municipality with a population exceeding 25,000 inhabitants,";
and
on page 65, by deleting lines 10 through 19; and
on page 79, line 3, by replacing "2012" with "2013"; and

09700HB5457ham002 - 2 - LRB097 20091 KMW 69993 a
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".