SHAW. 65 ILCS 5/11-74.4-9 from Ch. 24, par. 11-74.4-9 Amends the Illinois Municipal Code. Provides that if a municipality obtains ownership of additional parcels within any redevelopment project area within 2 years of adoption of the ordinance establishing tax increment financing, the municipality's ownership would result in an exemption under the Section of the Property Tax Code concerning taxing district property, and certain other conditions are met, the equalized assessed value of all taxable real property within the redevelopment area shall be adjusted. Effective immediately. 97-11-14 S FIRST READING 97-11-14 S REFERRED TO SENATE RULES COMMITTEE RULES 98-02-18 S ASSIGNED TO COMMITTEE REVENUE 98-03-05 S TO SUBCOMMITTEE 98-03-05 S COMMITTEE REVENUE 98-03-13 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary