Bill Status of HB1222

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HB1222 - 104th General Assembly

TIF REEXTENSION LIMITATION
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Jeff Keicher and Maura Hirschauer
Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-3.5
Synopsis As Introduced
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.
Actions
Date Chamber Action
1/09/2025 House Filed with the Clerk by Rep. Jeff Keicher
1/09/2025 House First Reading
1/09/2025 House Referred to Rules Committee
1/28/2025 House Added Co-Sponsor Rep. Maura Hirschauer
2/11/2025 House Assigned to Revenue & Finance Committee
2/25/2025 House To Finance Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee