Illinois General Assembly - Bill Status for HB2361

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

Date	Chamber	Action
2/14/2023	House	Filed with the Clerk by Rep. Jay Hoffman
2/14/2023	House	First Reading
2/14/2023	House	Referred to Rules Committee
2/21/2023	House	Assigned to Revenue & Finance Committee
2/21/2023	House	Added Co-Sponsor Rep. David Friess
2/23/2023	House	To Revenue - Property Tax Subcommittee
3/10/2023	House	Rule 19(a) / Re-referred to Rules Committee

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