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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).
Introduced
Jan 31, 2025
Last Action
Mar 13, 2026
Session
IL 104th
Sponsors
1 primary · 1 co
Rule 2-10 Committee Deadline Established As March 27, 2026
Postponed - Local Government
Re-assigned to Local Government
Rule 3-9(a) / Re-referred to Assignments
Postponed - Local Government
Postponed - Local Government
Postponed - Local Government
Added as Chief Co-Sponsor Sen. Mark L. Walker
Assigned to Local Government
Filed with Secretary by Sen. Laura M. Murphy
Referred to Assignments
First Reading
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 2-10 Committee Deadline Established As March 27, 2026
Laura M. Murphy
Mark L. Walker