Illinois General Assembly - Bill Status for SB2911
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 Bill Status of SB2911  103rd General Assembly

Short Description:  PROP TX-TIF INCENTIVES

Senate Sponsors
Sen. Rachel Ventura

House Sponsors
(Rep. Lawrence "Larry" Walsh, Jr.)

Last Action
DateChamber Action
  4/24/2024HouseAssigned to Revenue & Finance Committee

Statutes Amended In Order of Appearance
35 ILCS 200/30-25


Synopsis As Introduced
Amends the Property Tax Code. Provides that owners of commercial or industrial property who receive a tax incentive as a result of a tax incentivized development are not eligible to receive distributions from a tax reimbursement account. Effective immediately.

Senate Committee Amendment No. 1
Replaces everything after the enacting clause. Amends the Property Tax Code. Reinserts the provisions of the introduced bill. Provides that the tax incentivized development must be established by an intergovernmental agreement to which the taxing district is a party. Effective immediately.

Actions 
DateChamber Action
  1/26/2024SenateFiled with Secretary by Sen. Rachel Ventura
  1/26/2024SenateFirst Reading
  1/26/2024SenateReferred to Assignments
  2/6/2024SenateAssigned to Revenue
  3/5/2024SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Rachel Ventura
  3/5/2024SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/12/2024SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024
  3/22/2024SenateSenate Committee Amendment No. 1 Adopted
  3/22/2024SenateDo Pass as Amended Revenue; 010-000-000
  3/22/2024SenatePlaced on Calendar Order of 2nd Reading April 9, 2024
  4/9/2024SenateSecond Reading
  4/9/2024SenatePlaced on Calendar Order of 3rd Reading April 10, 2024
  4/11/2024SenateThird Reading - Passed; 058-000-000
  4/11/2024HouseArrived in House
  4/12/2024HouseChief House Sponsor Rep. Lawrence "Larry" Walsh, Jr.
  4/12/2024HouseFirst Reading
  4/12/2024HouseReferred to Rules Committee
  4/24/2024HouseAssigned to Revenue & Finance Committee

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