HB 4806

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Muni Cd-Tif Revenue

Abstract

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that moneys in the special tax allocation fund may be used to make distributions to certain taxing districts. Provides that moneys received from the additional distributions shall be used by the affected taxing district to pay debt service on obligations incurred by the taxing district and to provide property tax relief. Effective immediately.

Bill Sponsors (5)

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Actions


Jun 23, 2020

House

Rule 19(b) / Re-referred to Rules Committee

Mar 12, 2020

House

Assigned to Revenue & Finance Committee

Mar 05, 2020

House

Added Co-Sponsor Rep. Joe Sosnowski

House

Added Co-Sponsor Rep. Mark L. Walker

House

Added Chief Co-Sponsor Rep. Jonathan Carroll

Feb 25, 2020

House

Added Co-Sponsor Rep. Deanne M. Mazzochi

Feb 18, 2020

House

Referred to Rules Committee

House

First Reading

Feb 11, 2020

House

Filed with the Clerk by Rep. Blaine Wilhour

Bill Text

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Sources

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