TIF-VILLAGE OF SHERMAN
Summary
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) after the adoption of the ordinance of September 17, 1986 by the Village of Sherman. Requires adoption of an ordinance extending the completion date and providing notice to the taxing bodies that would otherwise constitute the joint review board. Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2020
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2020
Last action May 15, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
16
Key actions
0
Committee
9
May 7, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As May 22, 2020
Apr 30, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As May 15, 2020
Apr 23, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As May 7, 2020
Apr 16, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 30, 2020
Apr 12, 2020
Senate · Referred to committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Mar 25, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 24, 2020
Mar 18, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 2, 2020
Feb 11, 2020
Senate · Referred to committee
Assigned to Revenue
Feb 5, 2020
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
William E. Brady
RRepublican
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