MUNI CD-TIF-EXEMPT SCHOOLS
Summary
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that all accumulated tax incremental revenues not specifically appropriated for defined costs for projects within a redevelopment project area by the end of a municipality's fiscal year shall be deemed "surplus" funds. Provides that all surplus funds in the special tax allocation fund shall be distributed annually within 60 (instead of 180) days after the close of the municipality's fiscal year. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2011
Committee Review
Floor Vote
Governor
Introduced Feb 8, 2011
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
0
Committee
3
Jan 8, 2013
House · Failed
Session Sine Die
Mar 17, 2011
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 14, 2011
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 8, 2011
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Maria Antonia Berrios
DDemocratic
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