Illinois General Assembly - Bill Status for HB4498
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 Bill Status of HB4498  103rd General Assembly


Short Description:  MUNI CD-TIF-COMPLETION DATES

House Sponsors
Rep. Dan Ugaste

Last Action
DateChamber Action
  1/13/2021HouseSession 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. Provides that the estimated dates of completion of the redevelopment project and retirement of obligations issued to finance redevelopment project costs is the 15th calendar year (rather than the 23rd calendar year) after the year in which the ordinance approving the redevelopment project area was adopted for ordinances adopted on or after the effective date of the amendatory Act. Effective immediately.

Actions 
DateChamber Action
  2/4/2020HouseFiled with the Clerk by Rep. Dan Ugaste
  2/4/2020HouseFirst Reading
  2/4/2020HouseReferred to Rules Committee
  3/12/2020HouseAssigned to Revenue & Finance Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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