HB 5581

  • Illinois House Bill
  • 100th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Tif-School District Approval

Abstract

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that after July 1, 2018, a municipality may not adopt or amend a redevelopment plan or extend the life of a redevelopment project area unless each school district and community college district with territory inside the proposed redevelopment project area agrees to be subject to the redevelopment plan by a resolution adopted by a majority of each board. Provides that if a municipality adopts or amends a redevelopment plan or extends the life of a redevelopment project area in without each school district or community college district adopting a resolution agreeing to the change, the portion of ad valorem taxes arising from the levies upon taxable real property in the redevelopment project area attributable to each school district or community college district that did not adopt the resolution may not be taken or used for any purpose under the Tax Increment Allocation Redevelopment Act. Effective immediately.

Bill Sponsors (1)

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Actions


Jan 08, 2019

House

Session Sine Die

Apr 13, 2018

House

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

Apr 12, 2018

House

To Growth, Reform & Fairness Subcommittee

Mar 05, 2018

House

Assigned to Revenue & Finance Committee

Feb 16, 2018

House

Filed with the Clerk by Rep. Robert W. Pritchard

House

Referred to Rules Committee

House

First Reading

Bill Text

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