91st General Assembly
Summary of HB2741
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House Sponsors:

Senate Sponsors:

Short description: 
MUNI CD-REFUND TAX INCREMENT                                               

Synopsis of Bill as introduced:
        Amends  the  Illinois  Municipal  Code.   Provides  that   in   a      
   municipality  with  a  population  of  5,000  or  less  where a taxing      
   district has property located in the redevelopment  project  area  and      
   the  taxing  district  has  uninsured  indebtedness  due for which the      
   taxing district has assessed a  special  levy,  the  municipality  may      
   refund  to the taxing district any moneys received by the municipality      
   as tax increment funds solely by reason of increased revenue  produced      
   by the taxing district's special levy.                                      
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


 Full Text  Bill Status