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 Bill Status of HB0713  100th General Assembly


Short Description:  MUNI CD-TIF REDEVELOPMENT PLAN

House Sponsors
Rep. Linda Chapa LaVia

Last Action
DateChamber Action
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-3from Ch. 24, par. 11-74.4-3


Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Revises the definition of "redevelopment project costs" by providing that redevelopment project costs for a redevelopment project area includes all or a portion of a taxing district's capital or operating costs (currently, only capital costs) resulting from the redevelopment project reasonably incurred (currently, necessarily incurred) or to be incurred within a taxing district as a result of the redevelopment plan and project (currently, incurred within a taxing district in furtherance of the objectives of the redevelopment plan and project). Removes a requirement that the municipality, by written agreement, accept and approve these costs.

Actions 
DateChamber Action
  1/25/2017HouseFiled with the Clerk by Rep. Linda Chapa LaVia
  1/25/2017HouseFirst Reading
  1/25/2017HouseReferred to Rules Committee
  2/8/2017HouseAssigned to Revenue & Finance Committee
  2/24/2017HouseTo Property Tax Subcommittee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

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