SB 1432

Illinois Senate bill in Session 104.

Status: in_committee. Latest action: March 27, 2026.

MUNI CD-TIF SURPLUS FUNDS.

Bill ID IL-104-SB-1432
Session 104
Status in_committee
Committee Assignments
Senate in_committee 2026-03-27
Tax / Budget / Appropriations
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).

Sponsor
Laura M. Murphy
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-31 Introduced Bill introduced
2026-03-27 Status in_committee
2026-03-27 Latest Action 3/27/2026 - Senate:
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