IL SB2911 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Engrossed on April 11 2024 - 50% progression
Action: 2024-04-24 - Assigned to Revenue & Finance Committee
Pending: House Revenue & Finance Committee
Text: Latest bill text (Engrossed) [HTML]
Status: Engrossed on April 11 2024 - 50% progression
Action: 2024-04-24 - Assigned to Revenue & Finance Committee
Pending: House Revenue & Finance Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
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.
Title
PROP TX-TIF INCENTIVES
Sponsors
Roll Calls
2024-04-11 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-24 | House | Assigned to Revenue & Finance Committee |
| 2024-04-12 | House | Referred to Rules Committee |
| 2024-04-12 | House | First Reading |
| 2024-04-12 | House | Chief House Sponsor Rep. Lawrence "Larry" Walsh, Jr. |
| 2024-04-11 | House | Arrived in House |
| 2024-04-11 | Senate | Third Reading - Passed; 058-000-000 |
| 2024-04-09 | Senate | Placed on Calendar Order of 3rd Reading April 10, 2024 |
| 2024-04-09 | Senate | Second Reading |
| 2024-03-22 | Senate | Placed on Calendar Order of 2nd Reading April 9, 2024 |
| 2024-03-22 | Senate | Do Pass as Amended Revenue; 010-000-000 |
| 2024-03-22 | Senate | Senate Committee Amendment No. 1 Adopted |
| 2024-03-15 | Senate | Rule 2-10 Committee Deadline Established As April 5, 2024 |
| 2024-03-12 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Revenue |
| 2024-03-05 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2024-03-05 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Rachel Ventura |
| 2024-02-06 | Senate | Assigned to Revenue |
| 2024-01-26 | Senate | Referred to Assignments |
| 2024-01-26 | Senate | First Reading |
| 2024-01-26 | Senate | Filed with Secretary by Sen. Rachel Ventura |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 200 | 30-25 | Amended Code | Citation Text |
