SB 2911

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate Apr 11, 2024
  • Passed Senate Apr 11, 2024
  • House
  • Governor

Prop Tx-Tif Incentives

Abstract

Amends the Property Tax Code. Provides that owners of commercial or industrial property who receive a tax incentive as a result of a tax incentivized development are not eligible to receive distributions from a tax reimbursement account. Effective immediately. Senate Committee Amendment No. 1 Replaces everything after the enacting clause. Amends the Property Tax Code. Reinserts the provisions of the introduced bill. Provides that the tax incentivized development must be established by an intergovernmental agreement to which the taxing district is a party. Effective immediately.

Bill Sponsors (2)

Votes


Actions


May 31, 2024

House

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

May 26, 2024

House

Committee/Final Action Deadline Extended-9(b) May 31, 2024

May 24, 2024

House

Committee/Final Action Deadline Extended-9(b) May 27, 2024

May 03, 2024

House

Committee/Final Action Deadline Extended-9(b) May 24, 2024

Apr 24, 2024

House

Assigned to Revenue & Finance Committee

Apr 12, 2024

House

First Reading

House

Referred to Rules Committee

House

Chief House Sponsor Rep. Lawrence "Larry" Walsh, Jr.

Apr 11, 2024

House

Arrived in House

Senate

Third Reading - Passed; 058-000-000

Apr 09, 2024

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading April 10, 2024

Mar 22, 2024

Senate

Placed on Calendar Order of 2nd Reading April 9, 2024

Senate

Do Pass as Amended Revenue; 010-000-000

Senate

Senate Committee Amendment No. 1 Adopted

Mar 15, 2024

Senate

Rule 2-10 Committee Deadline Established As April 5, 2024

Mar 12, 2024

Senate

Senate Committee Amendment No. 1 Assignments Refers to Revenue

Mar 05, 2024

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Rachel Ventura

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Feb 06, 2024

Senate

Assigned to Revenue

Jan 26, 2024

Senate

Filed with Secretary by Sen. Rachel Ventura

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Engrossed HTML PDF
Senate Amendment 001 HTML PDF

Related Documents

Document Format
No related documents.

Sources

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