IllinoisHB4168104th General Assembly (2025–2026)House

MUNI CD-TIF-LATE REPORTS

Sponsored By: Kevin Schmidt

In Committee

Summary

Amends the Illinois Municipal Code. In provisions concerning the reports a municipality is required to provide to the Comptroller under the Tax Increment Allocation Redevelopment Act, provides that, beginning on the effective date of the amendatory Act, if a municipality fails to file the Tax Increment Financing Report within the time required, then the Comptroller may order the municipality to cease all distributions from its Special Tax Allocation Fund for redevelopment project costs other than debt service on bonds until the municipality files the Tax Increment Financing Report. Requires the municipality to comply with the Comptroller's orders.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Kevin Schmidt

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Referred to Rules Committee

    10/28/2025House
  2. First Reading

    10/28/2025House
  3. Filed with the Clerk by Rep. Kevin Schmidt

    10/17/2025House

Bill Text

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