TIF REEXTENSION LIMITATION
Summary
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, after the effective date of the amendatory Act, the General Assembly shall not approve the extension of a redevelopment project and the retirement of its obligations to a date that is beyond the 35th calendar year after the year in which the ordinance approving the redevelopment project areas was adopted. Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Floor Vote
Governor
Introduced Feb 17, 2023
Last action Mar 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
4
Mar 10, 2023
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 9, 2023
Lower · Passed
To Revenue - Property Tax Subcommittee
lower
Feb 28, 2023
Committee
Assigned to Revenue & Finance Committee
lower
Feb 17, 2023
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jeff Keicher
RRepublican
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