HB1222 - 104th General Assembly (2025-2026)
TIF REEXTENSION LIMITATION
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, after the effective date of the amendatory Act, the General Assembly shall not approve the extension of a redevelopment project and the retirement of its obligations to a date that is beyond the 35th calendar year after the year in which the ordinance approving the redevelopment project areas was adopted. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/09/2025 | House | Filed with the Clerk by Rep. Jeff Keicher |
| 1/09/2025 | House | First Reading |
| 1/09/2025 | House | Referred to Rules Committee |
| 1/28/2025 | House | Added Co-Sponsor Rep. Maura Hirschauer |
| 2/11/2025 | House | Assigned to Revenue & Finance Committee |
| 2/25/2025 | House | To Finance Subcommittee |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |