Bill Status of HB1115  103rd General Assembly


House Sponsors
Rep. Lance Yednock

Last Action
DateChamber Action
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-3from Ch. 24, par. 11-74.4-3

Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. For redevelopment project areas designated after November 1, 1999, in municipalities with less than 1,000,000 population, modifies the formula for elementary, secondary, or unit school district's increased costs attributable to assisted housing units located within the redevelopment project area for which the developer or redeveloper receives financial assistance through an agreement with the municipality or because the municipality incurs the cost of necessary infrastructure improvements within the boundaries of the assisted housing sites necessary for the completion of that housing. Removes differences in formulation for alternate method districts, flat grant districts, and foundation districts. For school districts in a municipality with a population in excess of 1,000,000, changes the last date upon which a school district may submit a claim for reimbursement to the municipality to October 31 of each year (currently, September 30) and provides that municipalities shall reimburse school districts that have met specified criteria no later than January 31 of the school year in which the claim is made.

DateChamber Action
  1/9/2023HousePrefiled with Clerk by Rep. Lance Yednock
  1/12/2023HouseFirst Reading
  1/12/2023HouseReferred to Rules Committee
  2/7/2023HouseAssigned to Revenue & Finance Committee
  2/16/2023HouseTo Revenue - Property Tax Subcommittee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee