Bill Status of HB 4806   101st General Assembly

Short Description:  MUNI CD-TIF REVENUE

House Sponsors
Rep. Blaine Wilhour-Jonathan Carroll, Deanne M. Mazzochi, Joe Sosnowski and Mark L. Walker

Last Action  View All Actions

DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-7from Ch. 24, par. 11-74.4-7
65 ILCS 5/11-74.4-8from Ch. 24, par. 11-74.4-8

Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that moneys in the special tax allocation fund may be used to make distributions to certain taxing districts. Provides that moneys received from the additional distributions shall be used by the affected taxing district to pay debt service on obligations incurred by the taxing district and to provide property tax relief. Effective immediately.

Actions 
DateChamber Action
  2/11/2020HouseFiled with the Clerk by Rep. Blaine Wilhour
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  2/25/2020HouseAdded Co-Sponsor Rep. Deanne M. Mazzochi
  3/5/2020HouseAdded Co-Sponsor Rep. Joe Sosnowski
  3/5/2020HouseAdded Co-Sponsor Rep. Mark L. Walker
  3/5/2020HouseAdded Chief Co-Sponsor Rep. Jonathan Carroll
  3/12/2020HouseAssigned to Revenue & Finance Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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