92nd General Assembly
Status of HB3241
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RYAN.

(RADOGNO)

   65 ILCS 5/8-8-3.5                                                           
   65 ILCS 5/11-74.4-5       from Ch. 24, par. 11-74.4-5                       
   65 ILCS 5/11-74.6-22                                                        

        Amends the Tax Increment Allocation  Redevelopment  Act  and  the      
   Industrial Jobs Recovery Law in the Illinois Municipal Code.  Provides      
   that the report required to be sent by the municipality concerning its      
   tax increment financing district or districts to the Comptroller shall      
   be  sent  instead  to the Department of Commerce and Community Affairs      
   (DCCA).  Provides that DCCA  shall  annually  evaluate  tax  increment      
   financing  districts  in  Illinois using a cost-benefit analysis.  For      
   each  tax  increment  financing  district  DCCA  shall  determine  the      
   increase in the assessed value of property in the  district  from  the      
   time  the district was formed up to the date of the most recent report      
   filed by the municipality and the amount of tax  revenue  foregone  by      
   each  taxing district in which the tax increment financing district is      
   located.  Provides that DCCA shall determine, for  all  tax  increment      
   financing  districts  combined,  the  level  of  tax revenue generated      
   within the districts at the time the district was formed and  the  tax      
   revenue  generated  in  the  districts  at the time of the most recent      
   reports submitted by the municipality.   Requires  DCCA  to  submit  a      
   report of this analysis to the municipality in which the tax increment      
   financing  district is located and to each taxing body affected by the      
   tax increment financing district.  Effective immediately.                   
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          65 ILCS 5/11-74.4-5                                                  
          65 ILCS 5/11-74.6-22                                                 
        Deletes everything.  Provides that all  tax  increment  financing      
   reports  filed with the Comptroller by municipalities must be provided      
   by the Comptroller to the Department of Commerce and Community Affairs      
   (DCCA) for use by the  Tax  Increment  Effectiveness  Evaluation  Task      
   Force  (rather  than  requiring the municipalities to file the reports      
   directly  with  DCCA).   Creates  the  Tax   Increment   Effectiveness      
   Evaluation  Task  Force to evaluate the effectiveness of tax increment      
   financing  districts  in  Illinois  (rather  than  requiring  DCCA  to      
   annually evaluate tax increment financing districts).   Provides  that      
   the  Task Force must investigate and determine the best methods to use      
   to make the evaluations and must prepare and submit a report no  later      
   than   June   30,   2002   containing   its  recommendations  for  the      
   establishment of  a  system  to  evaluate  the  effectiveness  of  tax      
   increment financing districts in Illinois.  Provides that upon receipt      
   of  the  Task  Force's report the Department of Commerce and Community      
   Affairs shall begin to implement the evaluation system recommended  in      
   the Task Force's report.  Effective immediately.                            
          FISCAL NOTE, H-AM 1                                                  
          (Department of Commerce and Community Affairs)                       
          The fiscal impact of HB 3241 (H-AM 1) on DCCA to reimburse the       
          Task Force for expenses cannot be reasonably estimated at this       
          time. The cost associated with implementing a TIF evaluation         
          system is estimated to exceed $300,000.                              
        HOUSE AMENDMENT NO. 2.                                                 
        Deletes everything.  Reinserts the provisions of House  Amendment      
   No.  1  with  the following changes.  Removes the requirement that the      
   reports must be provided to DCCA for use by the Task  Force.   Changes      
   the  number of members on the Task Force from 11 to 15 and changes the      
   composition of  the  Task  Force.    Removes  the  provision  for  the      
   reimbursement  for  reasonable  and  necessary  expenses of Task Force      
   members.  Provides that the Director of Commerce and Community Affairs      
   shall call the first meeting and that the Task Force  shall  select  a      
   chairperson   at   the   first   meeting   (now,  Director  names  the      
   chairperson).  Provides that the Task Force's report be  submitted  to      
   the  General  Assembly  and  the Governor (now, to DCCA).  Removes the      
   requirement that DCCA begin to implement the  evaluation  system  upon      
   receipt of the Task Force's report.  Effective immediately.                 
   MAR-01-2001  H  FILED WITH CLERK                                               
   MAR-01-2001  H  FIRST READING                                                  
   MAR-01-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   MAR-06-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-16-2001  H                             AMENDMENT NO. 01-REVENUE       H    
   MAR-16-2001  H                                   ADOPTED SUB                   
   MAR-16-2001  H  DO PASS AS AMENDED/STANDARD DEBATE       006-005-000   HREV    
   MAR-16-2001  H  PLACED CAL 2ND READING-STANDARD DEBATE                         
   MAR-27-2001  H  FISCAL NOTE FILED AS AMENDED             BY HOUSE AMEND #1     
   MAR-27-2001  H  CALENDAR ORDER 2ND READING-STANDARD DBT                        
   APR-03-2001  H                             AMENDMENT NO. 02-RYAN               
   APR-03-2001  H                     AMENDMENT REFERRED TO HRUL                  
   APR-03-2001  H  CALENDAR ORDER 2ND READING-STANDARD DBT                        
   APR-04-2001  H                             AMENDMENT NO. 02-RYAN               
   APR-04-2001  H  RECOMMENDS BE ADOPTED                    HRUL/005-000-000      
   APR-04-2001  H  SECOND READING-SHORT DEBATE                                    
   APR-04-2001  H                             AMENDMENT NO. 02-RYAN               
   APR-04-2001  H                                   ADOPTED                       
   APR-04-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   APR-05-2001  H  THIRD READING/SHORT DEBATE/PASSED        116-000-000           
   APR-05-2001  S  ARRIVE IN SENATE                                               
   APR-05-2001  S  PLACED CALENDAR ORDER OF FIRST READING   01-04-06              
   APR-11-2001  S  CHIEF SPONSOR                            RADOGNO               
   APR-17-2001  S  FIRST READING                                                  
   APR-17-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   NOV-07-2002  S       ASSIGNED TO COMMITTEE               REVENUE               
   NOV-20-2002  S                                 POSTPONED                       
   NOV-20-2002  S                   COMMITTEE               REVENUE               
   JAN-05-2003  S  REFER TO RULES/PURSUANT SEN RULE 3-9 (B) RULES         SRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               

   END OF INQUIRY 



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