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SB1432Introduced in the Senate

MUNI CD-TIF SURPLUS FUNDS

IntroducedSenate Assignments

Introduced by Laura Murphy, District 28

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 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).

Where it stands

Rule 3-9(a) / Re-referred to Assignments

March 27, 2026

How did lawmakers vote?

No recorded vote is available for this bill yet.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

Bill history

  1. Filed with Secretary by Sen. Laura M. Murphy

  2. First Reading

  3. Referred to Assignments

  4. Assigned to Local Government

  5. Added as Chief Co-Sponsor Sen. Mark L. Walker

  6. Postponed - Local Government

  7. Postponed - Local Government

  8. Postponed - Local Government

  9. Rule 3-9(a) / Re-referred to Assignments

  10. Re-assigned to Local Government

  11. Postponed - Local Government

  12. Rule 2-10 Committee Deadline Established As March 27, 2026

  13. Rule 3-9(a) / Re-referred to Assignments

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