HB 2361

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Tif-City Of Sparta

Abstract

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance adopted on December 23, 1986 by the City of Sparta to create TIF #1. Provides that specified termination procedures under the Act are not required for this redevelopment project area prior to the 47th calendar year after the year in which the ordinance approving the redevelopment project year was adopted. Effective immediately.

Bill Sponsors (2)

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Actions


Mar 10, 2023

House

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

Feb 23, 2023

House

To Revenue - Property Tax Subcommittee

Feb 21, 2023

House

Assigned to Revenue & Finance Committee

House

Added Co-Sponsor Rep. David Friess

Feb 14, 2023

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Jay Hoffman

Bill Text

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