# Illinois SB1432: MUNI CD-TIF SURPLUS FUNDS

Illinois SB1432, MUNI CD-TIF SURPLUS FUNDS, is a 104th General Assembly (2025–2026) Senate bill sponsored by Laura M. Murphy (Democratic); status in committee, last action 2026-03-27 (Rule 3-9(a) / Re-referred to Assignments) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB1432-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB1432
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: MUNI CD-TIF SURPLUS FUNDS
- Status: in committee
- Chamber: Senate
- Introduced: 2025-01-31
- Last action: 2026-03-27, Rule 3-9(a) / Re-referred to Assignments
- Sponsor: Laura M. Murphy (Democratic)
- Cosponsors: 1
- Subjects: assignments, local government
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that all surplus funds in the special tax allocation fund shall be distributed as soon as possible after they are calculated (rather than distributed annually within 180 days after the close of the municipality's fiscal year).

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Laura M. Murphy (Democratic), Senate
- Cosponsor: Mark L. Walker (Democratic), Senate

## Actions (13)

- 2026-03-27: Rule 3-9(a) / Re-referred to Assignments (Senate)
- 2026-03-13: Rule 2-10 Committee Deadline Established As March 27, 2026 (Senate)
- 2026-02-04: Postponed - Local Government (Senate)
- 2026-01-27: Re-assigned to Local Government (Senate)
- 2025-03-21: Rule 3-9(a) / Re-referred to Assignments (Senate)
- 2025-03-19: Postponed - Local Government (Senate)
- 2025-03-06: Postponed - Local Government (Senate)
- 2025-02-27: Postponed - Local Government (Senate)
- 2025-02-26: Added as Chief Co-Sponsor Sen. Mark L. Walker (Senate)
- 2025-02-11: Assigned to Local Government (Senate)
- 2025-01-31: Referred to Assignments (Senate)
- 2025-01-31: First Reading (Senate)
- 2025-01-31: Filed with Secretary by Sen. Laura M. Murphy (Senate)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1432.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1432.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-SB1432-2025-2026 (as of 2026-11-01).