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 9, 2011
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
14
Key actions
0
Committee
6
Amendments
2
Jan 8, 2013
Senate · Failed
Session Sine Die
Jul 23, 2011
Senate · Referred to committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Mar 17, 2011
Senate · Reported by committee
Do Pass as Amended Revenue; 008-000-001
Mar 16, 2011
Senate · Amendment adopted
Senate Committee Amendment No. 1 Adopted
Mar 14, 2011
Senate · Reported by committee
Senate Committee Amendment No. 1 Assignments Refers to Revenue
Mar 11, 2011
Senate · Referred to committee
Senate Committee Amendment No. 1 Referred to Assignments
Mar 11, 2011
Senate · Amendment offered
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Heather A. Steans
Feb 23, 2011
Senate · Referred to committee
Assigned to Revenue
Feb 9, 2011
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Heather A. Steans
DDemocratic
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