Sara Feigenholtz
- Democratic
- Senator
- District 6
Primary
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that "redevelopment project costs" include costs payable to businesses located within the redevelopment area that have experienced business interruption or other adverse conditions directly or indirectly attributable to the COVID-19 public health emergency. Provides that the costs may be reimbursed in the form of grants, subsidies, or loans and that the municipality may establish procedures for the payment of such costs, including application procedures, grant or loan agreements, certifications, payment methodologies, and other accountability measures that may be imposed upon participating businesses. Defines "costs of business interruption".
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Assigned to Revenue & Finance Committee
Chief House Sponsor Rep. Debbie Meyers-Martin
Referred to Rules Committee
Arrived in House
First Reading
Third Reading - Passed; 055-001-000
Placed on Calendar Order of 3rd Reading March 10, 2021
Second Reading
Do Pass Revenue; 011-000-000
Placed on Calendar Order of 2nd Reading March 9, 2021
Added as Co-Sponsor Sen. Laura Fine
Assigned to Revenue
Filed with Secretary by Sen. Sara Feigenholtz
Referred to Assignments
First Reading
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Engrossed | HTML PDF |
| Document | Format |
|---|---|
| No related documents. |
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