MUNI CD-TIF START DATE
Sponsored By: Jackie Haas (Republican)
In Committee
Summary
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 in the 23rd year after the year in which the first project started using the moneys from the special tax allocation fund (rather than the 23rd year after the year in which the ordinance approving the redevelopment project area was adopted). Provides, however, that, for ordinances adopted after the effective date of the amendatory Act, the 23 years must begin to run 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 extensions of redevelopment project areas to the 47th calendar year may occur after the effective date of the amendatory Act. Effective immediately.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Jackie Haas
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Rule 19(a) / Re-referred to Rules Committee
3/27/2026HouseTo Tax Policy: Other Taxes Subcommittee
2/26/2026HouseAssigned to Revenue & Finance Committee
2/24/2026HouseReferred to Rules Committee
1/14/2026HouseFirst Reading
1/14/2026HouseFiled with the Clerk by Rep. Jackie Haas
1/13/2026House
Bill Text
Introduced
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