Illinois General Assembly - Bill Status for HB4537

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Bill Status of HB4537 101st General Assembly

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Short Description: TIF-VILLAGE OF SHERMAN

House Sponsors
Rep. Tim Butler

Last Action

Date	Chamber	Action
1/13/2021	House	Session Sine Die

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 tax increment allocation financing extensions for ordinances adopted on October 13, 1999 by the Village of Sherman to create the Route 66 Crossing TIF District and the Rail Pointe TIF District. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after the adoption of the ordinance of September 17, 1986 by the Village of Sherman. Requires adoption of an ordinance extending the completion date and providing notice to the taxing bodies that would otherwise constitute the joint review board. Effective immediately.

Actions

Date	Chamber	Action
2/4/2020	House	Filed with the Clerk by Rep. Tim Butler
2/5/2020	House	First Reading
2/5/2020	House	Referred to Rules Committee
1/13/2021	House	Session Sine Die

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