Rep. Dave Severin

Filed: 5/14/2018

 

 


 

 


 
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1
AMENDMENT TO SENATE BILL 2303

2    AMENDMENT NO. ______. Amend Senate Bill 2303 on page 1,
3immediately below line 3, by inserting the following:
 
4    "Section 3. The Department of Revenue Law of the Civil
5Administrative Code of Illinois is amended by reenacting and
6changing Section 2505-800 as follows:
 
7    (20 ILCS 2505/2505-800)
8    (Section scheduled to be repealed on April 30, 2018)
9    Sec. 2505-800. Tax Increment Financing Reform Task Force.
10    (a) There is hereby created the Tax Increment Financing
11Reform Task Force which shall consist of the following members:
12        (1) 3 members of the General Assembly, appointed by the
13    President of the Senate;
14        (2) 3 members of the General Assembly, appointed by the
15    Minority Leader of the Senate;
16        (3) 3 members of the General Assembly, appointed by the

 

 

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1    Speaker of the House of Representatives; and
2        (4) 3 members of the General Assembly, appointed by the
3    Minority Leader of the House of Representatives.
4    (b) The members of the Task Force shall elect one co-chair
5from each legislative caucus, who shall call meetings of the
6Task Force to order. The Task Force shall hold an initial
7meeting within 60 days after the effective date of this
8amendatory Act of the 100th General Assembly.
9    (c) The Task Force shall conduct a study examining current
10Tax Increment Financing (TIF) laws in this State and issues
11that include, but are not limited to:
12        (1) the benefits and costs of TIF districts;
13        (2) the interaction between TIF law and school funding;
14        (3) the expenditure of TIF funds; and
15        (4) the expenditure of TIF surplus funds.
16    (d) The Task Force shall report the findings of the study
17and any recommendations to the General Assembly on or before
18June 1, 2018 April 1, 2018, at which time the Task Force shall
19be dissolved.
20    (e) The Department of Revenue shall provide staff and
21administrative support to the Task Force, and shall post on its
22website the report under subsection (d) of this Section.
23    (f) The Task Force is exempt from any requirements under
24the Freedom of Information Act and Open Meetings Act.
25    (g) The General Assembly finds and declares that this
26amendatory Act of the 100th General Assembly manifests the

 

 

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1intention of the General Assembly to extend the repeal of this
2Act and have this Act continue in effect until July 1, 2019.
3    This Section shall be deemed to have been in continuous
4effect since August 31, 2017 (the effective date of Public Act
5100-465) and it shall continue to be in effect until July 1,
62019. All previously enacted amendments to this Act taking
7effect on or after August 31, 2017, are hereby validated. All
8actions taken in reliance on this Section by the Task Force are
9hereby validated.
10    In order to ensure the continuing effectiveness of this
11Section, it is set forth in full and reenacted by this
12amendatory Act of the 100th General Assembly. Striking and
13underscoring are used only to show changes being made to the
14base text. This reenactment is intended as a continuation of
15this Section.
16    (h) This Section is repealed on July 1, 2019 April 30,
172018.
18(Source: P.A. 100-465, eff. 8-31-17.)".