90th General Assembly
Status of SB1219
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   65 ILCS 5/11-74.4-9       from Ch. 24, par. 11-74.4-9                       

        Amends  the  Illinois  Municipal  Code.   Provides  that   if   a      
   municipality  obtains  ownership  of  additional  parcels  within  any      
   redevelopment project area within 2 years of adoption of the ordinance      
   establishing  tax  increment  financing,  the municipality's ownership      
   would result in an exemption under the Section  of  the  Property  Tax      
   Code concerning taxing district property, and certain other conditions      
   are  met,  the  equalized  assessed value of all taxable real property      
   within  the  redevelopment  area   shall   be   adjusted.    Effective      
   97-11-14  S  FIRST READING                                                  
   97-11-14  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   98-02-18  S       ASSIGNED TO COMMITTEE               REVENUE               
   98-03-05  S       TO SUBCOMMITTEE                                           
   98-03-05  S                   COMMITTEE               REVENUE               
   98-03-13  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   99-01-12  S  SESSION SINE DIE                                               


 Full Text  Bill Summary