IL HB5833 | 2019-2020 | 101st General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 9 2020 - 25% progression, died in committee
Action: 2020-11-10 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on September 9 2020 - 25% progression, died in committee
Action: 2020-11-10 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after the adoption of the ordinance on December 31, 1986 by the Village of Cahokia. Requires adoption of an ordinance extending the completion date and providing notice to the taxing bodies that would otherwise constitute the joint review board. Effective immediately.
Title
TIF RE-EXTENSION-CAHOKIA
Sponsors
| Rep. Jay Hoffman [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-11-10 | House | Referred to Rules Committee |
| 2020-11-10 | House | First Reading |
| 2020-09-09 | House | Filed with the Clerk by Rep. Jay Hoffman |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 65 | 5 | 11-74.4-3.5 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5833&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/HB/10100HB5833.htm |
