HB4407 - 104th General Assembly (2025-2026)
MUNI CD-TIF START DATE
Last Action
2/26/2026 - House: To Tax Policy: Other Taxes Subcommittee
Hearings
Tax Policy: Sales Tax Subcommittee Hearing Mar 26 2026 8:08AM Stratton Building Room D-1 Springfield, IL
Tax Policy: Other Taxes Subcommittee Hearing Mar 26 2026 8:07AM Stratton Building Room D-1 Springfield, IL
Tax Policy: Income Tax Subcommittee Hearing Mar 26 2026 8:06AM Stratton Building Room D-1 Springfield, IL
Tax Policy: Finance Subcommittee Hearing Mar 26 2026 8:05AM Stratton Building Room D-1 Springfield, IL
Tax Credit and Incentives Subcommittee Hearing Mar 26 2026 8:04AM Stratton Building Room D-1 Springfield, IL
Sales Tax Subcommittee Hearing Mar 26 2026 8:03AM Stratton Building Room D-1 Springfield, IL
Revenue & Finance Committee Hearing Mar 26 2026 8:00AM Stratton Building Room D-1 Springfield, IL
Property Tax Subcommittee Hearing Mar 26 2026 8:02AM Stratton Building Room D-1 Springfield, IL
Income Tax Subcommittee Hearing Mar 26 2026 8:01AM Stratton Building Room D-1 Springfield, IL
Finance Subcommittee Hearing Mar 26
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, if an ordinance is adopted after the effective date of the amendatory Act creating a redevelopment project area, the redevelopment project area will expire in the 23rd year after the year in which the first project started using the moneys from the special tax allocation fund (rather than the 23rd year after the year in which the ordinance approving the redevelopment project area was adopted). Provides, however, that, for ordinances adopted after the effective date of the amendatory Act, the 23 years must begin to run no later than 10 years after the year in which the ordinance approving the redevelopment project area was adopted even if no projects have been started using the moneys from the special tax allocation fund. Makes a conforming change in provisions extending the expiration of a redevelopment project area to the 35th calendar year. Provides that no extensions of redevelopment project areas to the 47th calendar year may occur after the effective date of the amendatory Act. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/13/2026 | House | Filed with the Clerk by Rep. Jackie Haas |
| 1/14/2026 | House | First Reading |
| 1/14/2026 | House | Referred to Rules Committee |
| 2/24/2026 | House | Assigned to Revenue & Finance Committee |
| 2/26/2026 | House | To Tax Policy: Other Taxes Subcommittee |