IllinoisHB1222104th General Assembly (2025–2026)House

TIF REEXTENSION LIMITATION

Sponsored By: Jeff Keicher (Republican)

In Committee

Summary

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, after the effective date of the amendatory Act, the General Assembly shall not approve the extension of a redevelopment project and the retirement of its obligations to a date that is beyond the 35th calendar year after the year in which the ordinance approving the redevelopment project areas was adopted. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Jeff Keicher

    Republican • House

Cosponsors

  • Maura Hirschauer

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  2. To Finance Subcommittee

    2/25/2025House
  3. Assigned to Revenue & Finance Committee

    2/11/2025House
  4. Added Co-Sponsor Rep. Maura Hirschauer

    1/28/2025House
  5. Referred to Rules Committee

    1/9/2025House
  6. First Reading

    1/9/2025House
  7. Filed with the Clerk by Rep. Jeff Keicher

    1/9/2025House

Bill Text

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