Illinois General Assembly - Bill Status for SB1471

Amends the Special Service Area Tax Law in the Property Tax Code. Provides that a list of the names and addresses of the individuals and entities receiving a mailed notice of the public hearing concerning the establishment of a special service area shall be published at the time notice is given and shall be available at the public hearing. Provides that the following current provisions are limits on the concurrent exercise of home rule powers: a section providing that no member of a special service area commission may be an owner or board member of the service provider agency selected for that special service area, a section providing that no business owned by a member of a special service area commission or an employee of the municipality may provide goods or services in connection with the special service area, a section providing that at least one member of the special service area commission shall be an owner of homestead property located within the special service area, a section providing that special service area commissions may not establish a loan or line of credit in connection with the special service area, and a section providing that special service area commissions shall submit an audit of the special service area to the corporate authorities of the municipality at least annually. Contains provisions concerning the expiration of special service areas. Effective immediately.

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