Illinois General Assembly - Bill Status for SB2712

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 August 29, 2006 by the City of Ottawa establishing the Ottawa Dayton Industrial TIF District. Creates tax increment allocation financing extensions to the 47th year (currently, the 35th year) for ordinances adopted by the City of Ottawa on December 29, 1993 and September 20, 1994 if the City of Ottawa adopts specified ordinances and provides notice to the taxing bodies that would otherwise constitute the joint review board of each redevelopment project area. Effective immediately.

Actions

Date	Chamber	Action
1/10/2024	Senate	Filed with Secretary by Sen. Sue Rezin
1/10/2024	Senate	First Reading
1/10/2024	Senate	Referred to Assignments
1/31/2024	Senate	Assigned to Revenue
3/15/2024	Senate	Rule 3-9(a) / Re-referred to Assignments

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