Illinois General Assembly - Bill Status for HB2701
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 Bill Status of HB2701  102nd General Assembly


House Sponsors
Rep. Robert Martwick

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

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 in order to use a decline in the total equalized assessed value of the proposed redevelopment project area for 3 of the last 5 calendar years as a factor in designating an area "blighted", the municipality must rely on appraisal evidence to show the proposed redevelopment project area's equalized assessed value has declined if the properties within the redevelopment project area had been utilized using the properties' highest and best use during the relevant period. Effective immediately.

DateChamber Action
  2/14/2019HouseFiled with the Clerk by Rep. Robert Martwick
  2/14/2019HouseFirst Reading
  2/14/2019HouseReferred to Rules Committee
  2/26/2019HouseAssigned to Revenue & Finance Committee
  3/6/2019HouseTo Property Tax Subcommittee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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