Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

65 ILCS 5/11-74.4-3

from Ch. 24, par. 11-74.4-3

65 ILCS 5/11-74.4-3.1

65 ILCS 5/11-74.4-4

from Ch. 24, par. 11-74.4-4

65 ILCS 5/11-74.4-4.3 new

Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that for redevelopment project areas created on and after the effective date of the amendatory Act, "blighted areas" must have a household median income of 100% or less of the area median income, as defined by the U.S. Department of Housing and Urban Development, in addition to the other requirements for "blighted areas". Provides that on or after January 1, 2019, tax increment revenues may be utilized for jointly undertaken and performed redevelopment projects only in an amount equal to the percentage of eligible costs undertaken within the redevelopment project area that received the revenue. Provides that tax increment revenues received in one redevelopment project area may not be used for eligible costs in another redevelopment project area on or after January 1, 2019 and tax increment revenues may not be transferred to another redevelopment project area on or after January 1, 2019. Provides that if there are any contracts or agreements in force on the effective date of the amendatory Act, tax increment revenues may continue to be used or transferred to another redevelopment project area or utilized for jointly undertaken and performed redevelopment projects after January 1, 2019 only to the extent necessary to comply with the contract or agreement.

Actions 

Date	Chamber	Action
2/15/2018	House	Filed with the Clerk by Rep. William Davis
2/16/2018	House	First Reading
2/16/2018	House	Referred to Rules Committee
3/9/2018	House	Added Chief Co-Sponsor Rep. Rita Mayfield
3/22/2018	House	Added Chief Co-Sponsor Rep. Margo McDermed
4/10/2018	House	Added Chief Co-Sponsor Rep. Carol Ammons
1/8/2019	House	Session Sine Die

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