Illinois General Assembly - Bill Status for SB1626

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Bill Status of SB1626 100th General Assembly

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Short Description: MUNI CD-TIF-EXEMPT SCHOOLS

Senate Sponsors
Sen. Heather A. Steans and Emil Jones, III

Last Action

Date	Chamber	Action
1/8/2013	Senate	Session Sine Die

Statutes Amended In Order of Appearance

65 ILCS 5/11-74.4-8

from Ch. 24, par. 11-74.4-8

Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that the portion of taxes levied by a school district located in a redevelopment project area that is (i) established by the City of Chicago on or after the effective date of the amendatory Act or (ii) established by the City of Chicago prior to the effective date of the amendatory Act and extended by the General Assembly on or after the effective date of the amendatory Act shall be allocated and paid to the school district in the manner required by law in the absence of the adoption of tax increment allocation financing. Effective immediately.

Actions

Date	Chamber	Action
2/9/2011	Senate	Filed with Secretary by Sen. Heather A. Steans
2/9/2011	Senate	First Reading
2/9/2011	Senate	Referred to Assignments
2/23/2011	Senate	Assigned to Revenue
3/1/2011	Senate	Added as Co-Sponsor Sen. Emil Jones, III
3/3/2011	Senate	Postponed - Revenue
3/10/2011	Senate	Postponed - Revenue
3/17/2011	Senate	Postponed - Revenue
3/18/2011	Senate	Rule 3-9(a) / Re-referred to Assignments
1/8/2013	Senate	Session Sine Die

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