IllinoisSB0085104th General Assembly (2025–2026)Senate

TIF EXTENSION RESTRICTIONS

Sponsored By: Mary Edly-Allen (Democratic)

In Committee

Summary

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, on and after the effective date of the amendatory Act, before the estimated dates of completion of a redevelopment project and retirement of obligations issued to finance development project costs (including refunding bonds) are extended to the 35th or 47th years, the municipality must submit to the Governor, President of the Senate, and Speaker of the House of Representatives written support for the extension of the life of the redevelopment project area from each school district, community college district, and park district that has authority to directly levy taxes on property within the redevelopment project area. Provides that a municipality may only submit written support to extend a redevelopment project area to the 35th year within the 5 years prior to the estimated date of completion of the redevelopment project and may only submit written support to extend a redevelopment project area to the 47th year within one year prior to the estimated date of completion of the redevelopment project area. Effective immediately.

assignmentsexecutive

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Mary Edly-Allen

    Democratic • Senate

Cosponsors

  • Mark L. Walker

    Democratic • Senate

  • Michael W. Halpin

    Democratic • Senate

  • Rachel Ventura

    Democratic • Senate

  • Ram Villivalam

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 3-9(a) / Re-referred to Assignments

    5/22/2026Senate
  2. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

    5/15/2026Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

    4/24/2026Senate
  4. Rule 2-10 Committee Deadline Established As April 24, 2026

    3/27/2026Senate
  5. Rule 2-10 Committee Deadline Established As March 27, 2026

    3/13/2026Senate
  6. To Government Operations

    2/4/2026Senate
  7. Re-assigned to Executive

    1/27/2026Senate
  8. Rule 3-9(a) / Re-referred to Assignments

    4/11/2025Senate
  9. Added as Chief Co-Sponsor Sen. Mark L. Walker

    4/4/2025Senate
  10. Added as Co-Sponsor Sen. Ram Villivalam

    4/4/2025Senate
  11. Added as Co-Sponsor Sen. Rachel Ventura

    4/4/2025Senate
  12. Rule 2-10 Committee Deadline Established As April 11, 2025

    3/21/2025Senate
  13. To Government Operations

    2/19/2025Senate
  14. Added as Chief Co-Sponsor Sen. Michael W. Halpin

    1/29/2025Senate
  15. Assigned to Executive

    1/22/2025Senate
  16. Referred to Assignments

    1/17/2025Senate
  17. First Reading

    1/17/2025Senate
  18. Filed with Secretary by Sen. Mary Edly-Allen

    1/17/2025Senate

Bill Text

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