Bill Status of HB 3312   103rd General Assembly


Short Description:  TIF REEXTENSION LIMITATION

House Sponsors
Rep. Jeff Keicher

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. 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 
DateChamber Action
  2/17/2023HouseFiled with the Clerk by Rep. Jeff Keicher
  2/17/2023HouseFirst Reading
  2/17/2023HouseReferred to Rules Committee
  2/28/2023HouseAssigned to Revenue & Finance Committee
  3/9/2023HouseTo Revenue - Property Tax Subcommittee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

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