HB 3451

  • Illinois House Bill
  • 95th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Ohare-Tax Base Loss Recovery

Abstract

Amends the O'Hare Modernization Act. Provides that the city of Chicago must reimburse all taxing districts (rather than only school districts and community college districts) for lost tax revenue resulting from the city's acquisition of parcels of property for the O'Hare Modernization Program. Deletes language providing that the city's obligation to reimburse school districts and community college districts ends with the 2009 taxable year and providing that no reimbursements are payable after January 1, 2010. Increases from $20,000,000 to $40,000,000 the maximum amount that the city shall pay out under the provision. Effective immediately.

Bill Sponsors (1)

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Actions


Jan 13, 2009

House

Session Sine Die

Mar 23, 2007

House

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

Mar 01, 2007

House

Assigned to Local Government Committee

Feb 27, 2007

House

Filed with the Clerk by Rep. Dennis M. Reboletti

House

First Reading

House

Referred to Rules Committee

Bill Text

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