HB 2931

Abstract

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Creates a tax increment allocation financing extension for an ordinance adopted on July 3, 1996 by the Village of Phoenix. Effective immediately. Senate Floor Amendment No. 4 Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with the following changes: Creates tax increment allocation financing extensions for ordinances adopted: (i) on May 19, 1997 by the Village of Swansea; (ii) on August 13, 2001 by the Village of Saunemin; (iii) on January 10, 2005 by the Village of Romeoville; (iv) on January 28, 1997 by the City of Berwyn for the South Berwyn Corridor Tax Increment Financing District and for the Roosevelt Road Tax Increment Financing District; and (v) on May 3, 2001 by the Village of Hanover Park for the Village Center Tax Increment Financing Redevelopment Project Area (TIF # 3). Effective immediately.