HB 1976 Illinois House · 97th Regular Session

MUNI-TIF-REDEVELOPMENT COSTS

Summary

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that a municipality may pay from tax increment revenues up to 100% of the cost of construction of new housing units to be occupied by very low-income households. Provides that a municipality may incur project redevelopment costs and reimburse developers who incur redevelopment project costs, or reimburse an affiliate of a developer, including an entity that controls a developer that is a limited partnership or limited liability company, authorized by a redevelopment agreement, and the reimbursement may take the form of a loan to the developer. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2011

Committee Review

Floor Vote

Governor

Introduced Feb 17, 2011 Last action Jan 8, 2013

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 8, 2013

House · Failed

Session Sine Die

Mar 17, 2011

House · Referred to committee

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

Mar 17, 2011

House · Amendment failed

House Committee Amendment No. 1 Tabled Pursuant to Rule 40

Mar 8, 2011

House · Reported by committee

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

Mar 7, 2011

House · Referred to committee

House Committee Amendment No. 1 Referred to Rules Committee

Mar 7, 2011

House · Amendment offered

House Committee Amendment No. 1 Filed with Clerk by Rep. Cynthia Soto

Feb 23, 2011

House · Referred to committee

Assigned to Revenue & Finance Committee

Feb 17, 2011

House · Referred to committee

Referred to Rules Committee

0 primary · 1 co-sponsor