Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/18-181 new

315 ILCS 20/3-11

from Ch. 67 1/2, par. 253-11

315 ILCS 20/4

from Ch. 67 1/2, par. 254

315 ILCS 20/15

from Ch. 67 1/2, par. 265

315 ILCS 20/15-5 new

315 ILCS 20/17

from Ch. 67 1/2, par. 267

Synopsis As Introduced
Amends the Neighborhood Redevelopment Corporation Law. Provides that, upon approval of the governing body of a city, village, or incorporated town, after it complies with notice, hearing, and other requirements, the general real estate taxes on the improvements on real property of a neighborhood redevelopment corporation or its immediate successor in that city, village, or incorporated town shall be abated for a period not in excess of 10 years after the date upon which the corporation becomes owner of that real property. The tax on that property, however, exclusive of improvements, may continue to be imposed and collected but shall be frozen at the amount of taxes owed, or that would have been owed, for the property as unimproved in the year prior to the year it was acquired by the neighborhood redevelopment corporation. For the next ensuing period not in excess of 15 years, general real estate taxes on the property shall be abated in an amount not to exceed 50% of the taxes imposed by each taxing district. The parties may agree, by contract, to payments in lieu of taxes. After a period of not more than 25 years, tax abatements are eliminated. Limits the provisions to property located in St. Clair County. For St. Clair County, changes the Law with respect to what constitutes a "slum and blighted area", who may appoint members of the Commission and the number of Commissioners, and how certificates of convenience and necessity are approved. Amends the Property Tax Code to authorize the abatements. Effective immediately.

Actions 

Date	Chamber	Action
2/6/2004	Senate	Filed with Secretary by Sen. James F. Clayborne, Jr.
2/6/2004	Senate	First Reading
2/6/2004	Senate	Referred to Rules
2/10/2004	Senate	Assigned to Revenue
2/19/2004	Senate	Postponed - Revenue
2/26/2004	Senate	Do Pass Revenue; 008-002-000
2/26/2004	Senate	Placed on Calendar Order of 2nd Reading March 2, 2004
3/24/2004	Senate	Second Reading
3/24/2004	Senate	Placed on Calendar Order of 3rd Reading March 25, 2004
3/26/2004	Senate	Third Reading - Passed; 046-006-000
3/26/2004	House	Arrived in House
1/11/2005	Senate	Session Sine Die

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