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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status