Illinois General Assembly - Full Text of HB4543
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Full Text of HB4543  103rd General Assembly

HB4543 103RD GENERAL ASSEMBLY

 


 
103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4543

 

Introduced 1/31/2024, by Rep. Jackie Haas

 

SYNOPSIS AS INTRODUCED:
 
65 ILCS 5/11-74.4-3.5

    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 the 23rd year after the year in which the first project started using the moneys from the special tax allocation fund (rather than expire the 23rd year after the year in which the ordinance approving the redevelopment project area was adopted if the ordinance). Provides that the start of the 23 years for ordinances adopted after the effective date of the amendatory Act commences 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 more extensions of redevelopment project areas to the 47th calendar year may occur after January 8, 2025 unless added by a Public Act of the 103rd General Assembly. Effective immediately.


LRB103 36544 AWJ 66651 b

 

 

A BILL FOR

 

HB4543LRB103 36544 AWJ 66651 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Municipal Code is amended by
5changing Section 11-74.4-3.5 as follows:
 
6    (65 ILCS 5/11-74.4-3.5)
7    Sec. 11-74.4-3.5. Completion dates for redevelopment
8projects.
9    (a) Unless otherwise stated in this Section, the estimated
10dates of completion of the redevelopment project and
11retirement of obligations issued to finance redevelopment
12project costs (including refunding bonds under Section
1311-74.4-7) may not be later than December 31 of the year in
14which the payment to the municipal treasurer, as provided in
15subsection (b) of Section 11-74.4-8 of this Act, is to be made
16with respect to ad valorem taxes levied in the 23rd calendar
17year (i) after the year in which the ordinance approving the
18redevelopment project area was adopted if the ordinance was
19adopted on or after January 15, 1981 through the effective
20date of this amendatory Act of the 103rd General Assembly or
21(ii) after the year in which the first project started using
22the moneys from the special tax allocation fund if the
23ordinance was adopted after the effective date of this

 

 

HB4543- 2 -LRB103 36544 AWJ 66651 b

1amendatory Act of the 103rd General Assembly. The start of the
223 years under paragraph (ii) commences no later than 10 years
3after the year in which the ordinance approving the
4redevelopment project area was adopted even if no projects
5have been started using the moneys from the special tax
6allocation fund.
7    (a-5) If the redevelopment project area is located within
8a transit facility improvement area established pursuant to
9Section 11-74.4-3, the estimated dates of completion of the
10redevelopment project and retirement of obligations issued to
11finance redevelopment project costs (including refunding bonds
12under Section 11-74.4-7) may not be later than December 31 of
13the year in which the payment to the municipal treasurer, as
14provided in subsection (b) of Section 11-74.4-8 of this Act,
15is to be made with respect to ad valorem taxes levied in the
1635th calendar year after the year in which the ordinance
17approving the redevelopment project area was adopted.
18    (a-7) A municipality may adopt tax increment financing for
19a redevelopment project area located in a transit facility
20improvement area that also includes real property located
21within an existing redevelopment project area established
22prior to August 12, 2016 (the effective date of Public Act
2399-792). In such case: (i) the provisions of this Division
24shall apply with respect to the previously established
25redevelopment project area until the municipality adopts, as
26required in accordance with applicable provisions of this

 

 

HB4543- 3 -LRB103 36544 AWJ 66651 b

1Division, an ordinance dissolving the special tax allocation
2fund for such redevelopment project area and terminating the
3designation of such redevelopment project area as a
4redevelopment project area; and (ii) after the effective date
5of the ordinance described in (i), the provisions of this
6Division shall apply with respect to the subsequently
7established redevelopment project area located in a transit
8facility improvement area.
9    (b) The estimated dates of completion of the redevelopment
10project and retirement of obligations issued to finance
11redevelopment project costs (including refunding bonds under
12Section 11-74.4-7) may not be later than December 31 of the
13year in which the payment to the municipal treasurer as
14provided in subsection (b) of Section 11-74.4-8 of this Act is
15to be made with respect to ad valorem taxes levied in the 32nd
16calendar year after the year in which the ordinance approving
17the redevelopment project area was adopted if the ordinance
18was adopted on September 9, 1999 by the Village of Downs.
19    The estimated dates of completion of the redevelopment
20project and retirement of obligations issued to finance
21redevelopment project costs (including refunding bonds under
22Section 11-74.4-7) may not be later than December 31 of the
23year in which the payment to the municipal treasurer as
24provided in subsection (b) of Section 11-74.4-8 of this Act is
25to be made with respect to ad valorem taxes levied in the 33rd
26calendar year after the year in which the ordinance approving

 

 

HB4543- 4 -LRB103 36544 AWJ 66651 b

1the redevelopment project area was adopted if the ordinance
2was adopted on May 20, 1985 by the Village of Wheeling.
3    The estimated dates of completion of the redevelopment
4project and retirement of obligations issued to finance
5redevelopment project costs (including refunding bonds under
6Section 11-74.4-7) may not be later than December 31 of the
7year in which the payment to the municipal treasurer as
8provided in subsection (b) of Section 11-74.4-8 of this Act is
9to be made with respect to ad valorem taxes levied in the 28th
10calendar year after the year in which the ordinance approving
11the redevelopment project area was adopted if the ordinance
12was adopted on October 12, 1989 by the City of Lawrenceville.
13    (c) The estimated dates of completion of the redevelopment
14project and retirement of obligations issued to finance
15redevelopment project costs (including refunding bonds under
16Section 11-74.4-7) may not be later than December 31 of the
17year in which the payment to the municipal treasurer as
18provided in subsection (b) of Section 11-74.4-8 of this Act is
19to be made with respect to ad valorem taxes levied in the 35th
20calendar year (i) after the year in which the ordinance
21approving the redevelopment project area was adopted if the
22ordinance was adopted on or before the effective date of this
23amendatory Act of the 103rd General Assembly or (ii) after the
24year in which start of the initial 23 years commenced under
25subsection (a) if the ordinance was adopted after the
26effective date of this amendatory Act of the 103rd General

 

 

HB4543- 5 -LRB103 36544 AWJ 66651 b

1Assembly:
2        (1) If the ordinance was adopted before January 15,
3    1981.
4        (2) If the ordinance was adopted in December 1983,
5    April 1984, July 1985, or December 1989.
6        (3) If the ordinance was adopted in December 1987 and
7    the redevelopment project is located within one mile of
8    Midway Airport.
9        (4) If the ordinance was adopted before January 1,
10    1987 by a municipality in Mason County.
11        (5) If the municipality is subject to the Local
12    Government Financial Planning and Supervision Act or the
13    Financially Distressed City Law.
14        (6) If the ordinance was adopted in December 1984 by
15    the Village of Rosemont.
16        (7) If the ordinance was adopted on December 31, 1986
17    by a municipality located in Clinton County for which at
18    least $250,000 of tax increment bonds were authorized on
19    June 17, 1997, or if the ordinance was adopted on December
20    31, 1986 by a municipality with a population in 1990 of
21    less than 3,600 that is located in a county with a
22    population in 1990 of less than 34,000 and for which at
23    least $250,000 of tax increment bonds were authorized on
24    June 17, 1997.
25        (8) If the ordinance was adopted on October 5, 1982 by
26    the City of Kankakee, or if the ordinance was adopted on

 

 

HB4543- 6 -LRB103 36544 AWJ 66651 b

1    December 29, 1986 by East St. Louis.
2        (9) If the ordinance was adopted on November 12, 1991
3    by the Village of Sauget.
4        (10) If the ordinance was adopted on February 11, 1985
5    by the City of Rock Island.
6        (11) If the ordinance was adopted before December 18,
7    1986 by the City of Moline.
8        (12) If the ordinance was adopted in September 1988 by
9    Sauk Village.
10        (13) If the ordinance was adopted in October 1993 by
11    Sauk Village.
12        (14) If the ordinance was adopted on December 29, 1986
13    by the City of Galva.
14        (15) If the ordinance was adopted in March 1991 by the
15    City of Centreville.
16        (16) If the ordinance was adopted on January 23, 1991
17    by the City of East St. Louis.
18        (17) If the ordinance was adopted on December 22, 1986
19    by the City of Aledo.
20        (18) If the ordinance was adopted on February 5, 1990
21    by the City of Clinton.
22        (19) If the ordinance was adopted on September 6, 1994
23    by the City of Freeport.
24        (20) If the ordinance was adopted on December 22, 1986
25    by the City of Tuscola.
26        (21) If the ordinance was adopted on December 23, 1986

 

 

HB4543- 7 -LRB103 36544 AWJ 66651 b

1    by the City of Sparta.
2        (22) If the ordinance was adopted on December 23, 1986
3    by the City of Beardstown.
4        (23) If the ordinance was adopted on April 27, 1981,
5    October 21, 1985, or December 30, 1986 by the City of
6    Belleville.
7        (24) If the ordinance was adopted on December 29, 1986
8    by the City of Collinsville.
9        (25) If the ordinance was adopted on September 14,
10    1994 by the City of Alton.
11        (26) If the ordinance was adopted on November 11, 1996
12    by the City of Lexington.
13        (27) If the ordinance was adopted on November 5, 1984
14    by the City of LeRoy.
15        (28) If the ordinance was adopted on April 3, 1991 or
16    June 3, 1992 by the City of Markham.
17        (29) If the ordinance was adopted on November 11, 1986
18    by the City of Pekin.
19        (30) If the ordinance was adopted on December 15, 1981
20    by the City of Champaign.
21        (31) If the ordinance was adopted on December 15, 1986
22    by the City of Urbana.
23        (32) If the ordinance was adopted on December 15, 1986
24    by the Village of Heyworth.
25        (33) If the ordinance was adopted on February 24, 1992
26    by the Village of Heyworth.

 

 

HB4543- 8 -LRB103 36544 AWJ 66651 b

1        (34) If the ordinance was adopted on March 16, 1995 by
2    the Village of Heyworth.
3        (35) If the ordinance was adopted on December 23, 1986
4    by the Town of Cicero.
5        (36) If the ordinance was adopted on December 30, 1986
6    by the City of Effingham.
7        (37) If the ordinance was adopted on May 9, 1991 by the
8    Village of Tilton.
9        (38) If the ordinance was adopted on October 20, 1986
10    by the City of Elmhurst.
11        (39) If the ordinance was adopted on January 19, 1988
12    by the City of Waukegan.
13        (40) If the ordinance was adopted on September 21,
14    1998 by the City of Waukegan.
15        (41) If the ordinance was adopted on December 31, 1986
16    by the City of Sullivan.
17        (42) If the ordinance was adopted on December 23, 1991
18    by the City of Sullivan.
19        (43) If the ordinance was adopted on December 31, 1986
20    by the City of Oglesby.
21        (44) If the ordinance was adopted on July 28, 1987 by
22    the City of Marion.
23        (45) If the ordinance was adopted on April 23, 1990 by
24    the City of Marion.
25        (46) If the ordinance was adopted on August 20, 1985
26    by the Village of Mount Prospect.

 

 

HB4543- 9 -LRB103 36544 AWJ 66651 b

1        (47) If the ordinance was adopted on February 2, 1998
2    by the Village of Woodhull.
3        (48) If the ordinance was adopted on April 20, 1993 by
4    the Village of Princeville.
5        (49) If the ordinance was adopted on July 1, 1986 by
6    the City of Granite City.
7        (50) If the ordinance was adopted on February 2, 1989
8    by the Village of Lombard.
9        (51) If the ordinance was adopted on December 29, 1986
10    by the Village of Gardner.
11        (52) If the ordinance was adopted on July 14, 1999 by
12    the Village of Paw Paw.
13        (53) If the ordinance was adopted on November 17, 1986
14    by the Village of Franklin Park.
15        (54) If the ordinance was adopted on November 20, 1989
16    by the Village of South Holland.
17        (55) If the ordinance was adopted on July 14, 1992 by
18    the Village of Riverdale.
19        (56) If the ordinance was adopted on December 29, 1986
20    by the City of Galesburg.
21        (57) If the ordinance was adopted on April 1, 1985 by
22    the City of Galesburg.
23        (58) If the ordinance was adopted on May 21, 1990 by
24    the City of West Chicago.
25        (59) If the ordinance was adopted on December 16, 1986
26    by the City of Oak Forest.

 

 

HB4543- 10 -LRB103 36544 AWJ 66651 b

1        (60) If the ordinance was adopted in 1999 by the City
2    of Villa Grove.
3        (61) If the ordinance was adopted on January 13, 1987
4    by the Village of Mt. Zion.
5        (62) If the ordinance was adopted on December 30, 1986
6    by the Village of Manteno.
7        (63) If the ordinance was adopted on April 3, 1989 by
8    the City of Chicago Heights.
9        (64) If the ordinance was adopted on January 6, 1999
10    by the Village of Rosemont.
11        (65) If the ordinance was adopted on December 19, 2000
12    by the Village of Stone Park.
13        (66) If the ordinance was adopted on December 22, 1986
14    by the City of DeKalb.
15        (67) If the ordinance was adopted on December 2, 1986
16    by the City of Aurora.
17        (68) If the ordinance was adopted on December 31, 1986
18    by the Village of Milan.
19        (69) If the ordinance was adopted on September 8, 1994
20    by the City of West Frankfort.
21        (70) If the ordinance was adopted on December 23, 1986
22    by the Village of Libertyville.
23        (71) If the ordinance was adopted on December 22, 1986
24    by the Village of Hoffman Estates.
25        (72) If the ordinance was adopted on September 17,
26    1986 by the Village of Sherman.

 

 

HB4543- 11 -LRB103 36544 AWJ 66651 b

1        (73) If the ordinance was adopted on December 16, 1986
2    by the City of Macomb.
3        (74) If the ordinance was adopted on June 11, 2002 by
4    the City of East Peoria to create the West Washington
5    Street TIF.
6        (75) If the ordinance was adopted on June 11, 2002 by
7    the City of East Peoria to create the Camp Street TIF.
8        (76) If the ordinance was adopted on August 7, 2000 by
9    the City of Des Plaines.
10        (77) If the ordinance was adopted on December 22, 1986
11    by the City of Washington to create the Washington Square
12    TIF #2.
13        (78) If the ordinance was adopted on December 29, 1986
14    by the City of Morris.
15        (79) If the ordinance was adopted on July 6, 1998 by
16    the Village of Steeleville.
17        (80) If the ordinance was adopted on December 29, 1986
18    by the City of Pontiac to create TIF I (the Main St TIF).
19        (81) If the ordinance was adopted on December 29, 1986
20    by the City of Pontiac to create TIF II (the Interstate
21    TIF).
22        (82) If the ordinance was adopted on November 6, 2002
23    by the City of Chicago to create the Madden/Wells TIF
24    District.
25        (83) If the ordinance was adopted on November 4, 1998
26    by the City of Chicago to create the Roosevelt/Racine TIF

 

 

HB4543- 12 -LRB103 36544 AWJ 66651 b

1    District.
2        (84) If the ordinance was adopted on June 10, 1998 by
3    the City of Chicago to create the Stony Island
4    Commercial/Burnside Industrial Corridors TIF District.
5        (85) If the ordinance was adopted on November 29, 1989
6    by the City of Chicago to create the Englewood Mall TIF
7    District.
8        (86) If the ordinance was adopted on December 27, 1986
9    by the City of Mendota.
10        (87) If the ordinance was adopted on December 31, 1986
11    by the Village of Cahokia.
12        (88) If the ordinance was adopted on September 20,
13    1999 by the City of Belleville.
14        (89) If the ordinance was adopted on December 30, 1986
15    by the Village of Bellevue to create the Bellevue TIF
16    District 1.
17        (90) If the ordinance was adopted on December 13, 1993
18    by the Village of Crete.
19        (91) If the ordinance was adopted on February 12, 2001
20    by the Village of Crete.
21        (92) If the ordinance was adopted on April 23, 2001 by
22    the Village of Crete.
23        (93) If the ordinance was adopted on December 16, 1986
24    by the City of Champaign.
25        (94) If the ordinance was adopted on December 20, 1986
26    by the City of Charleston.

 

 

HB4543- 13 -LRB103 36544 AWJ 66651 b

1        (95) If the ordinance was adopted on June 6, 1989 by
2    the Village of Romeoville.
3        (96) If the ordinance was adopted on October 14, 1993
4    and amended on August 2, 2010 by the City of Venice.
5        (97) If the ordinance was adopted on June 1, 1994 by
6    the City of Markham.
7        (98) If the ordinance was adopted on May 19, 1998 by
8    the Village of Bensenville.
9        (99) If the ordinance was adopted on November 12, 1987
10    by the City of Dixon.
11        (100) If the ordinance was adopted on December 20,
12    1988 by the Village of Lansing.
13        (101) If the ordinance was adopted on October 27, 1998
14    by the City of Moline.
15        (102) If the ordinance was adopted on May 21, 1991 by
16    the Village of Glenwood.
17        (103) If the ordinance was adopted on January 28, 1992
18    by the City of East Peoria.
19        (104) If the ordinance was adopted on December 14,
20    1998 by the City of Carlyle.
21        (105) If the ordinance was adopted on May 17, 2000, as
22    subsequently amended, by the City of Chicago to create the
23    Midwest Redevelopment TIF District.
24        (106) If the ordinance was adopted on September 13,
25    1989 by the City of Chicago to create the Michigan/Cermak
26    Area TIF District.

 

 

HB4543- 14 -LRB103 36544 AWJ 66651 b

1        (107) If the ordinance was adopted on March 30, 1992
2    by the Village of Ohio.
3        (108) If the ordinance was adopted on July 6, 1998 by
4    the Village of Orangeville.
5        (109) If the ordinance was adopted on December 16,
6    1997 by the Village of Germantown.
7        (110) If the ordinance was adopted on April 28, 2003
8    by Gibson City.
9        (111) If the ordinance was adopted on December 18,
10    1990 by the Village of Washington Park, but only after the
11    Village of Washington Park becomes compliant with the
12    reporting requirements under subsection (d) of Section
13    11-74.4-5, and after the State Comptroller's certification
14    of such compliance.
15        (112) If the ordinance was adopted on February 28,
16    2000 by the City of Harvey.
17        (113) If the ordinance was adopted on January 11, 1991
18    by the City of Chicago to create the Read/Dunning TIF
19    District.
20        (114) If the ordinance was adopted on July 24, 1991 by
21    the City of Chicago to create the Sanitary and Ship Canal
22    TIF District.
23        (115) If the ordinance was adopted on December 4, 2007
24    by the City of Naperville.
25        (116) If the ordinance was adopted on July 1, 2002 by
26    the Village of Arlington Heights.

 

 

HB4543- 15 -LRB103 36544 AWJ 66651 b

1        (117) If the ordinance was adopted on February 11,
2    1991 by the Village of Machesney Park.
3        (118) If the ordinance was adopted on December 29,
4    1993 by the City of Ottawa.
5        (119) If the ordinance was adopted on June 4, 1991 by
6    the Village of Lansing.
7        (120) If the ordinance was adopted on February 10,
8    2004 by the Village of Fox Lake.
9        (121) If the ordinance was adopted on December 22,
10    1992 by the City of Fairfield.
11        (122) If the ordinance was adopted on February 10,
12    1992 by the City of Mt. Sterling.
13        (123) If the ordinance was adopted on March 15, 2004
14    by the City of Batavia.
15        (124) If the ordinance was adopted on March 18, 2002
16    by the Village of Lake Zurich.
17        (125) If the ordinance was adopted on September 23,
18    1997 by the City of Granite City.
19        (126) If the ordinance was adopted on May 8, 2013 by
20    the Village of Rosemont to create the Higgins Road/River
21    Road TIF District No. 6.
22        (127) If the ordinance was adopted on November 22,
23    1993 by the City of Arcola.
24        (128) If the ordinance was adopted on September 7,
25    2004 by the City of Arcola.
26        (129) If the ordinance was adopted on November 29,

 

 

HB4543- 16 -LRB103 36544 AWJ 66651 b

1    1999 by the City of Paris.
2        (130) If the ordinance was adopted on September 20,
3    1994 by the City of Ottawa to create the U.S. Route 6 East
4    Ottawa TIF.
5        (131) If the ordinance was adopted on May 2, 2002 by
6    the Village of Crestwood.
7        (132) If the ordinance was adopted on October 27, 1992
8    by the City of Blue Island.
9        (133) If the ordinance was adopted on December 23,
10    1993 by the City of Lacon.
11        (134) If the ordinance was adopted on May 4, 1998 by
12    the Village of Bradford.
13        (135) If the ordinance was adopted on June 11, 2002 by
14    the City of Oak Forest.
15        (136) If the ordinance was adopted on November 16,
16    1992 by the City of Pinckneyville.
17        (137) If the ordinance was adopted on March 1, 2001 by
18    the Village of South Jacksonville.
19        (138) If the ordinance was adopted on February 26,
20    1992 by the City of Chicago to create the Stockyards
21    Southeast Quadrant TIF District.
22        (139) If the ordinance was adopted on January 25, 1993
23    by the City of LaSalle.
24        (140) If the ordinance was adopted on December 23,
25    1997 by the Village of Dieterich.
26        (141) If the ordinance was adopted on February 10,

 

 

HB4543- 17 -LRB103 36544 AWJ 66651 b

1    2016 by the Village of Rosemont to create the
2    Balmoral/Pearl TIF No. 8 Tax Increment Financing
3    Redevelopment Project Area.
4        (142) If the ordinance was adopted on June 11, 2002 by
5    the City of Oak Forest.
6        (143) If the ordinance was adopted on January 31, 1995
7    by the Village of Milledgeville.
8        (144) If the ordinance was adopted on February 5, 1996
9    by the Village of Pearl City.
10        (145) If the ordinance was adopted on December 21,
11    1994 by the City of Calumet City.
12        (146) If the ordinance was adopted on May 5, 2003 by
13    the Town of Normal.
14        (147) If the ordinance was adopted on June 2, 1998 by
15    the City of Litchfield.
16        (148) If the ordinance was adopted on October 23, 1995
17    by the City of Marion.
18        (149) If the ordinance was adopted on May 24, 2001 by
19    the Village of Hanover Park.
20        (150) If the ordinance was adopted on May 30, 1995 by
21    the Village of Dalzell.
22        (151) If the ordinance was adopted on April 15, 1997
23    by the City of Edwardsville.
24        (152) If the ordinance was adopted on September 5,
25    1995 by the City of Granite City.
26        (153) If the ordinance was adopted on June 21, 1999 by

 

 

HB4543- 18 -LRB103 36544 AWJ 66651 b

1    the Village of Table Grove.
2        (154) If the ordinance was adopted on February 23,
3    1995 by the City of Springfield.
4        (155) If the ordinance was adopted on August 11, 1999
5    by the City of Monmouth.
6        (156) If the ordinance was adopted on December 26,
7    1995 by the Village of Posen.
8        (157) If the ordinance was adopted on July 1, 1995 by
9    the Village of Caseyville.
10        (158) If the ordinance was adopted on January 30, 1996
11    by the City of Madison.
12        (159) If the ordinance was adopted on February 2, 1996
13    by the Village of Hartford.
14        (160) If the ordinance was adopted on July 2, 1996 by
15    the Village of Manlius.
16        (161) If the ordinance was adopted on March 21, 2000
17    by the City of Hoopeston.
18        (162) If the ordinance was adopted on March 22, 2005
19    by the City of Hoopeston.
20        (163) If the ordinance was adopted on July 10, 1996 by
21    the City of Chicago to create the Goose Island TIF
22    District.
23        (164) If the ordinance was adopted on December 11,
24    1996 by the City of Chicago to create the Bryn
25    Mawr/Broadway TIF District.
26        (165) If the ordinance was adopted on December 31,

 

 

HB4543- 19 -LRB103 36544 AWJ 66651 b

1    1995 by the City of Chicago to create the 95th/Western TIF
2    District.
3        (166) If the ordinance was adopted on October 7, 1998
4    by the City of Chicago to create the 71st and Stony Island
5    TIF District.
6        (167) If the ordinance was adopted on April 19, 1995
7    by the Village of North Utica.
8        (168) If the ordinance was adopted on April 22, 1996
9    by the City of LaSalle.
10        (169) If the ordinance was adopted on June 9, 2008 by
11    the City of Country Club Hills.
12        (170) If the ordinance was adopted on July 3, 1996 by
13    the Village of Phoenix.
14        (171) If the ordinance was adopted on May 19, 1997 by
15    the Village of Swansea.
16        (172) If the ordinance was adopted on August 13, 2001
17    by the Village of Saunemin.
18        (173) If the ordinance was adopted on January 10, 2005
19    by the Village of Romeoville.
20        (174) If the ordinance was adopted on January 28, 1997
21    by the City of Berwyn for the South Berwyn Corridor Tax
22    Increment Financing District.
23        (175) If the ordinance was adopted on January 28, 1997
24    by the City of Berwyn for the Roosevelt Road Tax Increment
25    Financing District.
26        (176) If the ordinance was adopted on May 3, 2001 by

 

 

HB4543- 20 -LRB103 36544 AWJ 66651 b

1    the Village of Hanover Park for the Village Center Tax
2    Increment Financing Redevelopment Project Area (TIF # 3).
3        (177) If the ordinance was adopted on January 1, 1996
4    by the City of Savanna.
5        (178) If the ordinance was adopted on January 28, 2002
6    by the Village of Okawville.
7        (179) If the ordinance was adopted on October 4, 1999
8    by the City of Vandalia.
9        (180) If the ordinance was adopted on June 16, 2003 by
10    the City of Rushville.
11        (181) If the ordinance was adopted on December 7, 1998
12    by the City of Quincy for the Central Business District
13    West Tax Increment Redevelopment Project Area.
14        (182) If the ordinance was adopted on March 27, 1997
15    by the Village of Maywood approving the Roosevelt Road TIF
16    District.
17        (183) If the ordinance was adopted on March 27, 1997
18    by the Village of Maywood approving the Madison
19    Street/Fifth Avenue TIF District.
20        (184) If the ordinance was adopted on November 10,
21    1997 by the Village of Park Forest.
22        (185) If the ordinance was adopted on July 30, 1997 by
23    the City of Chicago to create the Near North TIF district.
24        (186) If the ordinance was adopted on December 1, 2000
25    by the Village of Mahomet.
26        (187) If the ordinance was adopted on June 16, 1999 by

 

 

HB4543- 21 -LRB103 36544 AWJ 66651 b

1    the Village of Washburn.
2        (188) If the ordinance was adopted on August 19, 1998
3    by the Village of New Berlin.
4        (189) If the ordinance was adopted on February 5, 2002
5    by the City of Highwood.
6        (190) If the ordinance was adopted on June 1, 1997 by
7    the City of Flora.
8        (191) If the ordinance was adopted on August 17, 1999
9    by the City of Ottawa.
10        (192) If the ordinance was adopted on June 13, 2005 by
11    the City of Mount Carroll.
12        (193) If the ordinance was adopted on March 25, 2008
13    by the Village of Elizabeth.
14        (194) If the ordinance was adopted on February 22,
15    2000 by the City of Mount Pulaski.
16        (195) If the ordinance was adopted on November 21,
17    2000 by the City of Effingham.
18        (196) If the ordinance was adopted on January 28, 2003
19    by the City of Effingham.
20        (197) If the ordinance was adopted on February 4, 2008
21    by the City of Polo.
22        (198) If the ordinance was adopted on August 17, 2005
23    by the Village of Bellwood to create the Park Place TIF.
24        (199) If the ordinance was adopted on July 16, 2014 by
25    the Village of Bellwood to create the North-2014 TIF.
26        (200) If the ordinance was adopted on July 16, 2014 by

 

 

HB4543- 22 -LRB103 36544 AWJ 66651 b

1    the Village of Bellwood to create the South-2014 TIF.
2        (201) If the ordinance was adopted on July 16, 2014 by
3    the Village of Bellwood to create the Central Metro-2014
4    TIF.
5        (202) If the ordinance was adopted on September 17,
6    2014 by the Village of Bellwood to create the Addison
7    Creek "A" (Southwest)-2014 TIF.
8        (203) If the ordinance was adopted on September 17,
9    2014 by the Village of Bellwood to create the Addison
10    Creek "B" (Northwest)-2014 TIF.
11        (204) If the ordinance was adopted on September 17,
12    2014 by the Village of Bellwood to create the Addison
13    Creek "C" (Northeast)-2014 TIF.
14        (205) If the ordinance was adopted on September 17,
15    2014 by the Village of Bellwood to create the Addison
16    Creek "D" (Southeast)-2014 TIF.
17        (206) If the ordinance was adopted on June 26, 2007 by
18    the City of Peoria.
19        (207) If the ordinance was adopted on October 28, 2008
20    by the City of Peoria.
21        (208) If the ordinance was adopted on April 4, 2000 by
22    the City of Joliet to create the Joliet City Center TIF
23    District.
24        (209) If the ordinance was adopted on July 8, 1998 by
25    the City of Chicago to create the 43rd/Cottage Grove TIF
26    district.

 

 

HB4543- 23 -LRB103 36544 AWJ 66651 b

1        (210) If the ordinance was adopted on July 8, 1998 by
2    the City of Chicago to create the 79th Street Corridor TIF
3    district.
4        (211) If the ordinance was adopted on November 4, 1998
5    by the City of Chicago to create the Bronzeville TIF
6    district.
7        (212) If the ordinance was adopted on February 5, 1998
8    by the City of Chicago to create the Homan/Arthington TIF
9    district.
10        (213) If the ordinance was adopted on December 8, 1998
11    by the Village of Plainfield.
12        (214) If the ordinance was adopted on July 17, 2000 by
13    the Village of Homer.
14        (215) If the ordinance was adopted on December 27,
15    2006 by the City of Greenville.
16        (216) If the ordinance was adopted on June 10, 1998 by
17    the City of Chicago to create the Kinzie Industrial TIF
18    district.
19        (217) If the ordinance was adopted on December 2, 1998
20    by the City of Chicago to create the Northwest Industrial
21    TIF district.
22        (218) If the ordinance was adopted on June 10, 1998 by
23    the City of Chicago to create the Pilsen Industrial TIF
24    district.
25        (219) If the ordinance was adopted on January 14, 1997
26    by the City of Chicago to create the 35th/Halsted TIF

 

 

HB4543- 24 -LRB103 36544 AWJ 66651 b

1    district.
2        (220) If the ordinance was adopted on June 9, 1999 by
3    the City of Chicago to create the Pulaski Corridor TIF
4    district.
5        (221) If the ordinance was adopted on December 16,
6    1997 by the City of Springfield to create the Enos Park
7    Neighborhood TIF District.
8        (222) If the ordinance was adopted on February 5, 1998
9    by the City of Chicago to create the Roosevelt/Cicero
10    redevelopment project area.
11        (223) If the ordinance was adopted on February 5, 1998
12    by the City of Chicago to create the Western/Ogden
13    redevelopment project area.
14        (224) If the ordinance was adopted on July 21, 1999 by
15    the City of Chicago to create the 24th/Michigan Avenue
16    redevelopment project area.
17        (225) If the ordinance was adopted on January 20, 1999
18    by the City of Chicago to create the Woodlawn
19    redevelopment project area.
20        (226) If the ordinance was adopted on July 7, 1999 by
21    the City of Chicago to create the Clark/Montrose
22    redevelopment project area.
23        (227) If the ordinance was adopted on November 4, 2003
24    by the City of Madison to create the Rivers Edge
25    redevelopment project area.
26        (228) If the ordinance was adopted on August 12, 2003

 

 

HB4543- 25 -LRB103 36544 AWJ 66651 b

1    by the City of Madison to create the Caine Street
2    redevelopment project area.
3        (229) If the ordinance was adopted on March 7, 2000 by
4    the City of Madison to create the East Madison TIF.
5        (230) If the ordinance was adopted on August 3, 2001
6    by the Village of Aviston.
7        (231) If the ordinance was adopted on August 22, 2011
8    by the Village of Warren.
9        (232) If the ordinance was adopted on April 8, 1999 by
10    the City of Farmer City.
11        (233) If the ordinance was adopted on August 4, 1999
12    by the Village of Fairmont City.
13        (234) If the ordinance was adopted on October 2, 1999
14    by the Village of Fairmont City.
15        (235) If the ordinance was adopted December 16, 1999
16    by the City of Springfield.
17        (236) If the ordinance was adopted on December 13,
18    1999 by the Village of Palatine to create the Village of
19    Palatine Downtown Area TIF District.
20        (237) If the ordinance was adopted on September 29,
21    1999 by the City of Chicago to create the 111th/Kedzie
22    redevelopment project area.
23        (238) If the ordinance was adopted on November 12,
24    1998 by the City of Chicago to create the Canal/Congress
25    redevelopment project area.
26        (239) If the ordinance was adopted on July 7, 1999 by

 

 

HB4543- 26 -LRB103 36544 AWJ 66651 b

1    the City of Chicago to create the Galewood/Armitage
2    Industrial redevelopment project area.
3        (240) If the ordinance was adopted on September 29,
4    1999 by the City of Chicago to create the Madison/Austin
5    Corridor redevelopment project area.
6        (241) If the ordinance was adopted on April 12, 2000
7    by the City of Chicago to create the South Chicago
8    redevelopment project area.
9        (242) If the ordinance was adopted on January 9, 2002
10    by the Village of Elkhart.
11        (243) If the ordinance was adopted on May 23, 2000 by
12    the City of Robinson to create the West Robinson
13    Industrial redevelopment project area.
14        (244) If the ordinance was adopted on October 9, 2001
15    by the City of Robinson to create the Downtown Robinson
16    redevelopment project area.
17        (245) If the ordinance was adopted on September 19,
18    2000 by the Village of Valmeyer.
19        (246) If the ordinance was adopted on April 15, 2002
20    by the City of McHenry to create the Downtown TIF
21    district.
22        (247) If the ordinance was adopted on February 15,
23    1999 by the Village of Channahon.
24        (248) If the ordinance was adopted on December 19,
25    2000 by the City of Peoria.
26        (249) If the ordinance was adopted on July 24, 2000 by

 

 

HB4543- 27 -LRB103 36544 AWJ 66651 b

1    the City of Rock Island to create the North 11th Street
2    redevelopment project area.
3        (250) If the ordinance was adopted on February 5, 2002
4    by the City of Champaign to create the North Campustown
5    TIF.
6        (251) If the ordinance was adopted on November 20,
7    2000 by the Village of Evergreen Park.
8        (252) If the ordinance was adopted on February 16,
9    2000 by the City of Chicago to create the
10    Fullerton/Milwaukee redevelopment project area.
11        (253) If the ordinance was adopted on October 23, 2006
12    by the Village of Bourbonnais to create the Bourbonnais
13    Industrial Park Conservation Area.
14        (254) If the ordinance was adopted on February 22,
15    2000 by the City of Geneva to create the East State Street
16    redevelopment project area.
17        (255) If the ordinance was adopted on February 6, 2001
18    by the Village of Downers Grove to create the Ogden Avenue
19    redevelopment project area.
20        (256) If the ordinance was adopted on June 27, 2001 by
21    the City of Chicago to create the Division/Homan
22    redevelopment project area.
23        (257) If the ordinance was adopted on May 17, 2000 by
24    the City of Chicago to create the 63rd/Pulaski
25    redevelopment project area.
26        (258) If the ordinance was adopted on March 10, 1999

 

 

HB4543- 28 -LRB103 36544 AWJ 66651 b

1    by the City of Chicago to create the Greater Southwest
2    Industrial (East) redevelopment project area.
3        (259) If the ordinance was adopted on February 16,
4    2000 by the City of Chicago to create the Lawrence/Kedzie
5    redevelopment project area.
6        (260) If the ordinance was adopted on November 3, 1999
7    by the City of Chicago to create the Lincoln Avenue
8    redevelopment project area.
9        (261) If the ordinance was adopted on September 3,
10    2015 by the Village of Fox River Grove to create the
11    Downtown TIF #2 redevelopment project area.
12    (d) For redevelopment project areas for which bonds were
13issued before July 29, 1991, or for which contracts were
14entered into before June 1, 1988, in connection with a
15redevelopment project in the area within the State Sales Tax
16Boundary, the estimated dates of completion of the
17redevelopment project and retirement of obligations to finance
18redevelopment project costs (including refunding bonds under
19Section 11-74.4-7) may be extended by municipal ordinance to
20December 31, 2013. The termination procedures of subsection
21(b) of Section 11-74.4-8 are not required for these
22redevelopment project areas in 2009 but are required in 2013.
23The extension allowed by Public Act 87-1272 shall not apply to
24real property tax increment allocation financing under Section
2511-74.4-8.
26    (e) Those dates, for purposes of real property tax

 

 

HB4543- 29 -LRB103 36544 AWJ 66651 b

1increment allocation financing pursuant to Section 11-74.4-8
2only, shall be not more than 35 years for redevelopment
3project areas that were adopted on or after December 16, 1986
4and for which at least $8 million worth of municipal bonds were
5authorized on or after December 19, 1989 but before January 1,
61990; provided that the municipality elects to extend the life
7of the redevelopment project area to 35 years by the adoption
8of an ordinance after at least 14 but not more than 30 days'
9written notice to the taxing bodies, that would otherwise
10constitute the joint review board for the redevelopment
11project area, before the adoption of the ordinance.
12    (f) Those dates, for purposes of real property tax
13increment allocation financing pursuant to Section 11-74.4-8
14only, shall be not more than 35 years for redevelopment
15project areas that were established on or after December 1,
161981 but before January 1, 1982 and for which at least
17$1,500,000 worth of tax increment revenue bonds were
18authorized on or after September 30, 1990 but before July 1,
191991; provided that the municipality elects to extend the life
20of the redevelopment project area to 35 years by the adoption
21of an ordinance after at least 14 but not more than 30 days'
22written notice to the taxing bodies, that would otherwise
23constitute the joint review board for the redevelopment
24project area, before the adoption of the ordinance.
25    (f-1) (Blank).
26    (f-2) (Blank).

 

 

HB4543- 30 -LRB103 36544 AWJ 66651 b

1    (f-3) (Blank).
2    (f-5) Those dates, for purposes of real property tax
3increment allocation financing pursuant to Section 11-74.4-8
4only, shall be not more than 47 years for redevelopment
5project areas listed in this subsection; provided that (i) the
6municipality adopts an ordinance extending the life of the
7redevelopment project area to 47 years and (ii) the
8municipality provides notice to the taxing bodies that would
9otherwise constitute the joint review board for the
10redevelopment project area not more than 30 and not less than
1114 days prior to the adoption of that ordinance:
12        (1) If the redevelopment project area was established
13    on December 29, 1981 by the City of Springfield.
14        (2) If the redevelopment project area was established
15    on December 29, 1986 by the City of Morris and that is
16    known as the Morris TIF District 1.
17        (3) If the redevelopment project area was established
18    on December 31, 1986 by the Village of Cahokia.
19        (4) If the redevelopment project area was established
20    on December 20, 1986 by the City of Charleston.
21        (5) If the redevelopment project area was established
22    on December 23, 1986 by the City of Beardstown.
23        (6) If the redevelopment project area was established
24    on December 23, 1986 by the Town of Cicero.
25        (7) If the redevelopment project area was established
26    on December 29, 1986 by the City of East St. Louis.

 

 

HB4543- 31 -LRB103 36544 AWJ 66651 b

1        (8) If the redevelopment project area was established
2    on January 23, 1991 by the City of East St. Louis.
3        (9) If the redevelopment project area was established
4    on December 29, 1986 by the Village of Gardner.
5        (10) If the redevelopment project area was established
6    on June 11, 2002 by the City of East Peoria to create the
7    West Washington Street TIF.
8        (11) If the redevelopment project area was established
9    on December 22, 1986 by the City of Washington creating
10    the Washington Square TIF #2.
11        (12) If the redevelopment project area was established
12    on November 11, 1986 by the City of Pekin.
13        (13) If the redevelopment project area was established
14    on December 30, 1986 by the City of Belleville.
15        (14) If the ordinance was adopted on April 3, 1989 by
16    the City of Chicago Heights.
17        (15) If the redevelopment project area was established
18    on December 29, 1986 by the City of Pontiac to create TIF I
19    (the Main St TIF).
20        (16) If the redevelopment project area was established
21    on December 29, 1986 by the City of Pontiac to create TIF
22    II (the Interstate TIF).
23        (17) If the redevelopment project area was established
24    on December 23, 1986 by the City of Sparta to create TIF
25    #1. Any termination procedures provided for in Section
26    11-74.4-8 are not required for this redevelopment project

 

 

HB4543- 32 -LRB103 36544 AWJ 66651 b

1    area prior to the 47th calendar year after the year in
2    which the ordinance approving the redevelopment project
3    year was adopted.
4        (18) If the redevelopment project area was established
5    on March 30, 1992 by the Village of Ohio to create the
6    Village of Ohio TIF District.
7        (19) If the redevelopment project area was established
8    on December 13, 1993 by the Village of Crete.
9        (20) If the redevelopment project area was established
10    on February 12, 2001 by the Village of Crete.
11        (21) If the redevelopment project area was established
12    on April 23, 2001 by the Village of Crete.
13    No further extensions under this subsection may occur
14after January 8, 2025 unless added by a Public Act of the 103rd
15General Assembly.
16    (g) In consolidating the material relating to completion
17dates from Sections 11-74.4-3 and 11-74.4-7 into this Section,
18it is not the intent of the General Assembly to make any
19substantive change in the law, except for the extension of the
20completion dates for the City of Aurora, the Village of Milan,
21the City of West Frankfort, the Village of Libertyville, and
22the Village of Hoffman Estates set forth under items (67),
23(68), (69), (70), and (71) of subsection (c) of this Section.
24(Source: P.A. 102-117, eff. 7-23-21; 102-424, eff. 8-20-21;
25102-425, eff. 8-20-21; 102-446, eff. 8-20-21; 102-473, eff.
268-20-21; 102-627, eff. 8-27-21; 102-675, eff. 11-30-21;

 

 

HB4543- 33 -LRB103 36544 AWJ 66651 b

1102-745, eff. 5-6-22; 102-818, eff. 5-13-22; 102-1113, eff.
212-21-22; 103-315, eff. 7-28-23; 103-575, eff. 12-8-23.)
 
3    Section 99. Effective date. This Act takes effect upon
4becoming law.