Bill Status of SB2315 100th General Assembly
Short Description: REDEVELOPMENT PROJECT AREAS
Sen. Julie A. Morrison
| 2/14/2018||Senate||Assigned to Revenue|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that for a redevelopment project area designated after the effective date of the amendatory Act, the redevelopment project area shall not contain more than 20% of the area of a previous redevelopment project area that has been completed in the 10 years prior to the adoption of the ordinance designating the new redevelopment project area. Effective immediately.