Bill Status of HB 2361   103rd General Assembly


Short Description:  TIF-CITY OF SPARTA

House Sponsors
Rep. Jay Hoffman and David Friess

Last Action  View All Actions

DateChamber Action
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

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. Extends the estimated date of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance adopted on December 23, 1986 by the City of Sparta to create TIF #1. Provides that specified termination procedures under the Act are not required for this redevelopment project area prior to the 47th calendar year after the year in which the ordinance approving the redevelopment project year was adopted. Effective immediately.

Actions 
DateChamber Action
  2/14/2023HouseFiled with the Clerk by Rep. Jay Hoffman
  2/14/2023HouseFirst Reading
  2/14/2023HouseReferred to Rules Committee
  2/21/2023HouseAssigned to Revenue & Finance Committee
  2/21/2023HouseAdded Co-Sponsor Rep. David Friess
  2/23/2023HouseTo Revenue - Property Tax Subcommittee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

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