House Sponsors: YOUNGE. Short description: TIF-SALE TAX-SCHOOL DIST GRANT Synopsis of Bill as introduced: Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, and the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Requires the Department of Revenue to award grants to school districts levying taxes in a redevelopment area in an amount equal to the tax revenue lost by the school district because tax increment allocation financing was adopted. Provides that the grant must be paid out of the State's share of use and occupation taxes collected by the Department of Revenue. Effective January 1, 2002. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status