TIF-INFLATION ADJUSTMENTS House SponsorsRep. Elizabeth Hernandez 1/13/2009HouseSession Sine Die 20 ILCS 620/6from Ch. 67 1/2, par. 100655 ILCS 85/6from Ch. 34, par. 700655 ILCS 90/45from Ch. 34, par. 804565 ILCS 5/11-74.4-9from Ch. 24, par. 11-74.4-965 ILCS 110/45 Amends the Economic Development Area Tax Increment Allocation Act, the County Economic Development Project Area Property Tax Allocation Act, the County Economic Development Project Area Tax Increment Allocation Act of 1991, the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code, the Industrial Jobs Recovery Law in the Illinois Municipal Code, and the Economic Development Project Area Tax Increment Allocation Act of 1995. Provides that, beginning January 1, 2008, the initial equalized assessed value of all taxable real property within the economic development project area must be increased over the initial equalized assessed value of the previous year by the annual rate of increase, for the previous calendar year, of the Consumer Price Index for All Urban Consumers for all items, published by the United States Bureau of Labor Statistics. Effective immediately.House Amendment No. 1 Deletes reference to:20 ILCS 620/655 ILCS 85/655 ILCS 90/4565 ILCS 5/11-74.4-965 ILCS 110/45Adds reference to:65 ILCS 5/11-74.4-3from Ch. 24, par. 11-74.4-3Deletes everything after the enacting clause. Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that "redevelopment project costs" include reimbursements to school districts and community college districts for costs related to certain capital facilities projects. Sets forth requirements for the reimbursements. Provides that, by accepting this reimbursement, the school district waives the right to directly or indirectly set aside, modify, or contest in any manner the establishment of the redevelopment project area or projects. 2/23/2007HouseFiled with the Clerk by Rep. Elizabeth Hernandez 2/23/2007HouseFirst Reading 2/23/2007HouseReferred to Rules Committee 2/27/2007HouseAssigned to Revenue Committee 3/23/2007HouseRule 19(a) / Re-referred to Rules Committee 3/3/2008HouseAssigned to Revenue Committee 3/13/2008HouseRecommends Do Pass Subcommittee/ Revenue Committee; 003-000-000 3/13/2008HouseHouse Amendment No. 1 Filed with Clerk by Revenue Committee 3/13/2008HouseHouse Amendment No. 1 Adopted in Revenue Committee; by Voice Vote 3/13/2008HouseDo Pass as Amended / Short Debate Revenue Committee; 012-000-000 3/13/2008HousePlaced on Calendar 2nd Reading - Short Debate 4/18/2008HouseFinal Action Deadline Extended-9(b) May 9, 2008 5/9/2008HouseFinal Action Deadline Extended-9(b) May 23, 2008 5/23/2008HouseFinal Action Deadline Extended-9(b) May 31, 2008 5/29/2008HouseSecond Reading - Short Debate 5/29/2008HouseHeld on Calendar Order of Second Reading - Short Debate 5/31/2008HouseRule 19(a) / Re-referred to Rules Committee 1/13/2009HouseSession Sine Die