Bill Status of HB1222  104th General Assembly

Short Description:  TIF REEXTENSION LIMITATION

House Sponsors
Rep. Jeff Keicher and Maura Hirschauer

Last Action
DateChamber Action
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

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, after the effective date of the amendatory Act, the General Assembly shall not approve the extension of a redevelopment project and the retirement of its obligations to a date that is beyond the 35th calendar year after the year in which the ordinance approving the redevelopment project areas was adopted. Effective immediately.

Actions 
DateChamber Action
  1/9/2025HouseFiled with the Clerk by Rep. Jeff Keicher
  1/9/2025HouseFirst Reading
  1/9/2025HouseReferred to Rules Committee
  1/28/2025HouseAdded Co-Sponsor Rep. Maura Hirschauer
  2/11/2025HouseAssigned to Revenue & Finance Committee
  2/25/2025HouseTo Finance Subcommittee
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee