Illinois House Bill 1222: TIF REEXTENSION LIMITATION

Illinois · 104th session

What it does

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, after the effective date of the amendatory Act, the General Assembly shall not approve the extension of a redevelopment project and the retirement of its obligations to a date that is beyond the 35th calendar year after the year in which the ordinance approving the redevelopment project areas was adopted. Effective immediately.

Latest action

Rule 19(a) / Re-referred to Rules Committee (2025-03-21)

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