Bill Status of HB 4166   103rd General Assembly


Short Description:  TIF-VILLAGE OF OHIO

House Sponsors
Rep. Ryan Spain

Last Action  View All Actions

DateChamber Action
  10/18/2023HouseReferred 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. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after the adoption of the ordinance of March 30, 1992 by the Village of Ohio. Requires adoption of an ordinance by the Village of Ohio extending the completion date of the redevelopment project area to 47 years and providing notice to the taxing bodies that would otherwise constitute the joint review board. Effective immediately.

Actions 
DateChamber Action
  10/12/2023HouseFiled with the Clerk by Rep. Ryan Spain
  10/18/2023HouseFirst Reading
  10/18/2023HouseReferred to Rules Committee

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