TIF-INFLATION ADJUSTMENTS
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SB 3151 — TIF-INFLATION ADJUSTMENTS
Last action — Session Sine Die
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 96th Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Amends the Economic Development Area Tax Increment Allocation Act, the County Economic Development Project Area Property Tax Allocation Act, the County Economic Development Project Area Tax Increment Allocation Act of 1991, the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code, and the Economic Development Project Area Tax Increment Allocation Act of 1995. Provides that, beginning January 1, 2011, the initial equalized assessed value of all taxable real property within the economic development project area must be increased over the initial equalized assessed value of the previous year by the annual rate of increase, for the previous calendar year, of the Consumer Price Index for All Urban Consumers for all items, published by the United States Bureau of Labor Statistics. Effective immediately.
Bill Text
- Introduced View text Current html
Action History
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Session Sine Die
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Pursuant to Senate Rule 3-9(b) / Referred to Assignments
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Rule 2-10 Third Reading Deadline Established As May 7, 2010
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Rule 2-10 Third Reading Deadline Established As April 15, 2010
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Rule 2-10 Third Reading Deadline Established As March 26, 2010
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Placed on Calendar Order of 3rd Reading March 23, 2010
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Senate Floor Amendment No. 1 Adopted; Link
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Second Reading
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Senate Floor Amendment No. 1 Recommend Do Adopt Revenue; 007-000-000
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Senate Floor Amendment No. 1 Assignments Refers to Revenue
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Senate Floor Amendment No. 1 Referred to Assignments
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Senate Floor Amendment No. 1 Filed with Secretary by Sen. Terry Link
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Placed on Calendar Order of 2nd Reading February 25, 2010
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Do Pass Revenue; 010-000-000
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Added as Chief Co-Sponsor Sen. Christine Radogno
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Assigned to Revenue
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Referred to Assignments
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First Reading
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Filed with Secretary by Sen. Terry Link
Sponsors
- Terry Link · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 1 co-sponsors · 182 not signed on
Sponsors (0)
None.
Co-sponsors (1)
- Terry Link
Not signed on (182)
182 members have not signed on to this bill.
Show all 182 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB 3151 do?
- Amends the Economic Development Area Tax Increment Allocation Act, the County Economic Development Project Area Property Tax Allocation Act, the County Economic Development Project Area Tax Increment Allocation Act of 1991, the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code, and the Economic Development Project Area Tax Increment Allocation Act of 1995. Provides that, beginning January 1, 2011, the initial equalized assessed value of all taxable real property within the economic development project area must be increased over the initial equalized assessed value of the previous year by the annual rate of increase, for the previous calendar year, of the Consumer Price Index for All Urban Consumers for all items, published by the United States Bureau of Labor Statistics. Effective immediately.
- Who sponsors SB 3151?
- SB 3151 is sponsored by Terry Link.
- What is the current status of SB 3151?
- This bill died with 96th Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 3151?
- Track SB 3151 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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