Illinois General Assembly - Bill Status for HB0281
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 Bill Status of HB0281  102nd General Assembly


Short Description:  TIF-REDEVELOPMENT PROJECT COST

House Sponsors
Rep. Debbie Meyers-Martin and Stephanie A. Kifowit

Last Action
DateChamber Action
  3/27/2021HouseRule 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. Provides that "redevelopment project costs" include costs payable to businesses located within the redevelopment area that have experienced business interruption or other adverse conditions directly or indirectly attributable to the COVID-19 public health emergency. Provides that the costs may be reimbursed in the form of grants, subsidies, or loans and that the municipality may establish procedures for the payment of such costs, including application procedures, grant or loan agreements, certifications, payment methodologies, and other accountability measures that may be imposed upon participating businesses. Defines "costs of business interruption".

Actions 
DateChamber Action
  1/26/2021HouseFiled with the Clerk by Rep. Debbie Meyers-Martin
  1/29/2021HouseFirst Reading
  1/29/2021HouseReferred to Rules Committee
  2/23/2021HouseAssigned to Revenue & Finance Committee
  2/24/2021HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  3/4/2021HouseTo Property Tax Subcommittee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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