SB 1432

  • Illinois Senate Bill
  • 104th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Muni Cd-Tif Surplus Funds

Abstract

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that all surplus funds in the special tax allocation fund shall be distributed as soon as possible after they are calculated (rather than distributed annually within 180 days after the close of the municipality's fiscal year).

Bill Sponsors (2)

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Mar 21, 2025

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 19, 2025

Senate

Postponed - Local Government

Mar 06, 2025

Senate

Postponed - Local Government

Feb 27, 2025

Senate

Postponed - Local Government

Feb 26, 2025

Senate

Added as Chief Co-Sponsor Sen. Mark L. Walker

Feb 11, 2025

Senate

Assigned to Local Government

Jan 31, 2025

Senate

Filed with Secretary by Sen. Laura M. Murphy

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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Sources

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