TIF-COMPLETION
- Introduced Feb 7, 2025
- In committee Feb 18, 2025
- Passed the House Next
- Passed the Senate
- To the governor
- 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 in the Illinois Municipal Code. Provides that, if the ordinance approving the redevelopment project area was adopted on or after July 1, 2025, then the estimated dates of completion of the redevelopment project and the retirement of obligations issued to finance redevelopment project costs may not be later than December 31 of the year in which the payment to the…
Read the full title (103 words)
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that, if the ordinance approving the redevelopment project area was adopted on or after July 1, 2025, then the estimated dates of completion of the redevelopment project and the retirement of obligations issued to finance redevelopment project costs may not be later than December 31 of the year in which the payment to the municipal treasurer is to be made with respect to ad valorem taxes levied in the 15th (currently, 23rd) calendar year after the year in which the ordinance approving the redevelopment project area was adopted. Effective immediately.
Every action
5 steps, oldest first, as the legislature records them.
- HouseFiled with the Clerk by Rep. Maura Hirschauer
- HouseFirst Reading
- CommitteeReferred to Rules Committee · House Rules
- CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
- CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it.
-
Maura HirschauerD Primary sponsor · District 49
From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.