Bill Status of SB 188   102nd General Assembly

Short Description:  TIF-REDEVELOPMENT PROJECT COST

Senate Sponsors
Sen. Sara Feigenholtz and Laura Fine

House Sponsors
(Rep. Debbie Meyers-Martin)


Last Action  View All Actions

DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-3from Ch. 24, par. 11-74.4-3

Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that "redevelopment project costs" include costs payable to businesses located within the redevelopment area that have experienced business interruption or other adverse conditions directly or indirectly attributable to the COVID-19 public health emergency. Provides that the costs may be reimbursed in the form of grants, subsidies, or loans and that the municipality may establish procedures for the payment of such costs, including application procedures, grant or loan agreements, certifications, payment methodologies, and other accountability measures that may be imposed upon participating businesses. Defines "costs of business interruption".

Actions 
DateChamber Action
  2/9/2021SenateFiled with Secretary by Sen. Sara Feigenholtz
  2/9/2021SenateFirst Reading
  2/9/2021SenateReferred to Assignments
  2/17/2021SenateAssigned to Revenue
  3/4/2021SenateAdded as Co-Sponsor Sen. Laura Fine
  3/5/2021SenateDo Pass Revenue; 011-000-000
  3/5/2021SenatePlaced on Calendar Order of 2nd Reading March 9, 2021
  3/9/2021SenateSecond Reading
  3/9/2021SenatePlaced on Calendar Order of 3rd Reading March 10, 2021
  3/10/2021SenateThird Reading - Passed; 055-001-000
  3/11/2021HouseArrived in House
  3/11/2021HouseChief House Sponsor Rep. Debbie Meyers-Martin
  3/11/2021HouseFirst Reading
  3/11/2021HouseReferred to Rules Committee
  4/28/2021HouseAssigned to Revenue & Finance Committee
  5/15/2021HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2023SenateSession Sine Die

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