Illinois General Assembly - Bill Status for HB2963
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 Bill Status of HB2963  102nd General Assembly


Short Description:  MUNI CD-TIF REVENUE

House Sponsors
Rep. Blaine Wilhour

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-7from Ch. 24, par. 11-74.4-7
65 ILCS 5/11-74.4-8from Ch. 24, par. 11-74.4-8


Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that moneys in the special tax allocation fund may be used to make distributions to certain taxing districts. Provides that moneys received from the additional distributions may be used by the affected taxing district to pay debt service on obligations incurred by the taxing district and to provide property tax relief. Effective immediately.

Actions 
DateChamber Action
  2/18/2021HouseFiled with the Clerk by Rep. Blaine Wilhour
  2/19/2021HouseFirst Reading
  2/19/2021HouseReferred to Rules Committee
  3/9/2021HouseAssigned to Revenue & Finance Committee
  3/18/2021HouseTo Property Tax Subcommittee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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