Illinois · Senate Bill 3515 · 103rd General Assembly

TIF EXTENSION RESTRICTIONS

SB 3515 Sponsored by Mary Edly-Allen Died in committee

  1. Introduced Feb 9, 2024
  2. In committee Feb 9, 2024
  3. Died  
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

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…

Read the full title (177 words)

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.

Every action

17 steps, oldest first, as the legislature records them.

Show the 9 earlier steps
  1. SenateFiled with Secretary by Sen. Ann Gillespie
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Executive · Senate Executive
  5. SenateAdded as Chief Co-Sponsor Sen. Mary Edly-Allen
  6. SenateRule 2-10 Committee Deadline Established As April 5, 2024
  7. SenateRule 2-10 Committee Deadline Established As April 19, 2024
  8. SenateChief Sponsor Changed to Sen. Mary Edly-Allen
  9. SenateRule 2-10 Third Reading Deadline Established As May 3, 2024
  1. SenateRule 2-10 Committee Deadline Established As May 3, 2024
  2. SenateRule 2-10 Committee/3rd Reading Deadline Established As May 17, 2024
  3. SenateRule 2-10 Committee/3rd Reading Deadline Established As May 17, 2024
  4. SenateRule 2-10 Committee Deadline Established As May 24, 2024
  5. SenateRule 2-10 Committee/3rd Reading Deadline Established As May 25, 2024
  6. SenateRule 2-10 Committee/3rd Reading Deadline Established As May 26, 2024
  7. CommitteePursuant to Senate Rule 3-9(b) / Referred to Assignments · Senate Assignments
  8. SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.