91st General Assembly
Summary of HB2948
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House Sponsors:

Short description: 
MUNI CD-TIF-VACANT LAND                                                    

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Code in the Tax Increment                
   Allocation Redevelopment Act and the Industrial Jobs Recovery Law.          
   Provides that for the purposes of redevelopment projects and tax            
   increment financing, "vacant land" includes land that has been              
   used for commercial agricultural purposes in the 5 years prior to           
   the designation of a redevelopment project area if the land meets           
   certain criteria. Effective immediately.                                    
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

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


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