Illinois · Senate Bill 1432 · 104th General Assembly

MUNI CD-TIF SURPLUS FUNDS

SB 1432 Sponsored by Laura M. Murphy In committee

  1. Introduced Jan 31, 2025
  2. In committee Jan 31, 2025
  3. Passed the Senate Next
  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 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).

Every action

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

Show the 5 earlier steps
  1. SenateFiled with Secretary by Sen. Laura M. Murphy
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Local Government · Senate Local Government
  5. SenateAdded as Chief Co-Sponsor Sen. Mark L. Walker
  1. CommitteePostponed - Local Government · Senate Local Government
  2. CommitteePostponed - Local Government · Senate Local Government
  3. CommitteePostponed - Local Government · Senate Local Government
  4. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
  5. CommitteeRe-assigned to Local Government · Senate Local Government
  6. CommitteePostponed - Local Government · Senate Local Government
  7. SenateRule 2-10 Committee Deadline Established As March 27, 2026
  8. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Democrat.

All 1 cosponsor

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.