Bill Sponsor
Illinois Senate Bill 1139
Session 102nd
Tif-Redevelopment Project Cost
Became Law
Became Law
Became Law on Nov 30, 2021
Sponsors
Democrat
Doris Turner
Democrat
Jay C. Hoffman
First Action
Feb 25, 2021
Latest Action
Nov 30, 2021
Origin Chamber
Senate
Type
Bill
Bill Number
1139
State
Illinois
Session
102nd
Sponsorship by Party
Senate Votes (4)
House Votes (1)
Motion Text
Concurrence, Amendment 3
Summary
Amends the Live Theater Production Tax Credit Act. Makes a technical change in a Section concerning the short title. Senate Floor Amendment No. 1 Deletes reference to: 35 ILCS 17/10-1 Adds reference to: 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 Replaces everything after the enacting clause. Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Includes in the definition of "redevelopment project costs" costs of real or personal property and improvements to accommodate public health and safety concerns resulting from the COVID-19 public health emergency, including, but not limited to, equipment purchases and construction costs. House Committee Amendment No. 1 Deletes reference to: 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 Adds reference to: 35 ILCS 17/10-1 Replaces everything after the enacting clause. Amends the Live Theater Production Tax Credit Act. Makes a technical change in a Section concerning the short title. House Floor Amendment No. 2 Deletes reference to: 35 ILCS 17/10-1 Adds reference to: 65 ILCS 5/11-74.4-3.5 Replaces everything after the enacting clause. Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of redevelopment projects and the retirement of obligations issued to finance redevelopment project costs for various ordinances adopted by the Village of Homer, City of Greenville, and City of Chicago. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after adoption of various ordinances by the City of Pekin and City of Belleville if those municipalities adopt a specified ordinance and provide notice to the taxing bodies that would otherwise constitute the joint review board of each redevelopment project area. Makes an organizational change. Effective immediately. House Floor Amendment No. 3 Creates a tax increment allocation financing extension for an ordinance adopted on December 16, 1997 by the City of Springfield to create the Enos Park Neighborhood TIF District.
Text (7)
Sources
Record Created
Feb 25, 2021 10:57:23 PM
Record Updated
Oct 26, 2022 11:27:25 AM