SB0085Introduced in the Senate
TIF EXTENSION RESTRICTIONS
Introduced by Mary Edly-Allen, District 31
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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.
Where it stands
Rule 3-9(a) / Re-referred to Assignments
May 22, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed with Secretary by Sen. Mary Edly-Allen
First Reading
Referred to Assignments
Assigned to Executive
Added as Chief Co-Sponsor Sen. Michael W. Halpin
To Government Operations
Rule 2-10 Committee Deadline Established As April 11, 2025
Added as Co-Sponsor Sen. Rachel Ventura
Added as Co-Sponsor Sen. Ram Villivalam
Added as Chief Co-Sponsor Sen. Mark L. Walker
Rule 3-9(a) / Re-referred to Assignments
Re-assigned to Executive
To Government Operations
Rule 2-10 Committee Deadline Established As March 27, 2026
Rule 2-10 Committee Deadline Established As April 24, 2026
Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
Rule 3-9(a) / Re-referred to Assignments
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