HB 2963 Illinois House · 102nd Regular Session

MUNI CD-TIF REVENUE

Summary

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that moneys in the special tax allocation fund may be used to make distributions to certain taxing districts. Provides that moneys received from the additional distributions may be used by the affected taxing district to pay debt service on obligations incurred by the taxing district and to provide property tax relief. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2021

Committee Review

Floor Vote

Governor

Introduced Feb 18, 2021 Last action Jan 10, 2023

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 18, 2022

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Feb 3, 2022

Lower · Passed

To Property Tax Subcommittee

lower

Jan 25, 2022

Committee

Assigned to Revenue & Finance Committee

lower

Mar 27, 2021

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Mar 18, 2021

Lower · Passed

To Property Tax Subcommittee

lower

Mar 9, 2021

Committee

Assigned to Revenue & Finance Committee

lower

Feb 19, 2021

Committee

Referred to Rules Committee

lower

1 primary · 0 co-sponsors