Illinois General Assembly - Bill Status for HB4166

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

Date	Chamber	Action
10/12/2023	House	Filed with the Clerk by Rep. Ryan Spain
10/18/2023	House	First Reading
10/18/2023	House	Referred to Rules Committee

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