Bill Status of HB 5062   103rd General Assembly


Short Description:  TIF-VILLAGE OF LANSING

House Sponsors
Rep. Marcus C. Evans, Jr.

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 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. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after the adoption of the ordinance of December 20, 1988 by the Village of Lansing. Requires adoption of an ordinance by the Village of Lansing 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
  2/7/2024HouseFiled with the Clerk by Rep. Marcus C. Evans, Jr.
  2/8/2024HouseFirst Reading
  2/8/2024HouseReferred to Rules Committee
  3/5/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue - Property Tax Subcommittee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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