Illinois 103rd Regular Session Status: In Committee 1 R cosponsors

HB 4543 — MUNI-TIF DISTRICTS-START DATE

Last action — Rule 19(a) / Re-referred to Rules Committee

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 103rd Regular Session. It reached “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, if an ordinance is adopted after the effective date of the amendatory Act creating a redevelopment project area, the redevelopment project area will expire the 23rd year after the year in which the first project started using the moneys from the special tax allocation fund (rather than expire the 23rd year after the year in which the ordinance approving the redevelopment project area was adopted if the ordinance). Provides that the start of the 23 years for ordinances adopted after the effective date of the amendatory Act commences no later than 10 years after the year in which the ordinance approving the redevelopment project area was adopted even if no projects have been started using the moneys from the special tax allocation fund. Makes a conforming change in provisions extending the expiration of a redevelopment project area to the 35th calendar year. Provides that no more extensions of redevelopment project areas to the 47th calendar year may occur after January 8, 2025 unless added by a Public Act of the 103rd General Assembly. Effective immediately.

Bill Text

How this bill changes current law

3 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill modifies the expiration timeline for redevelopment project areas created after its effective date under the Tax Increment Allocation Redevelopment Act.

  • 65 ILCS 5/11-74.4-3.5

    expire the 23rd year after the year in which the ordinance approving the redevelopment project area was adopted if the ordinance. → expire the 23rd year after the year in which the first project started using the moneys from the special tax allocation fund.

    Changes the basis for the expiration of redevelopment project areas from the adoption year to the year when the first project using allocated funds begins.

  • 65 ILCS 5/11-74.4-3.5

    The start of the 23 years under paragraph (ii) commences no later than 10 years after the year in which the ordinance approving the redevelopment project area was adopted even if no projects have been started using the moneys from the special tax allocation fund.

    Establishes a maximum delay for the beginning of the 23-year timeline for projects created after the bill's effective date.

  • 65 ILCS 5/11-74.4-3.5

    no more extensions of redevelopment project areas to the 47th calendar year may occur → no more extensions of redevelopment project areas to the 47th calendar year may occur after January 8, 2025 unless added by a Public Act of the 103rd General Assembly.

    Sets a new deadline for future extensions of redevelopment project areas.

Action History

  1. Rule 19(a) / Re-referred to Rules Committee

  2. To Revenue - Property Tax Subcommittee

  3. Assigned to Revenue & Finance Committee

  4. Referred to Rules Committee

  5. First Reading

  6. Filed with the Clerk by Rep. Jackie Haas

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 182 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (182)

182 members have not signed on to this bill.

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"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
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Frequently asked questions

What does HB 4543 do?
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, if an ordinance is adopted after the effective date of the amendatory Act creating a redevelopment project area, the redevelopment project area will expire the 23rd year after the year in which the first project started using the moneys from the special tax allocation fund (rather than expire the 23rd year after the year in which the ordinance approving the redevelopment project area was adopted if the ordinance). Provides that the start of the 23 years for ordinances adopted after the effective date of the amendatory Act commences no later than 10 years after the year in which the ordinance approving the redevelopment project area was adopted even if no projects have been started using the moneys from the special tax allocation fund. Makes a conforming change in provisions extending the expiration of a redevelopment project area to the 35th calendar year. Provides that no more extensions of redevelopment project areas to the 47th calendar year may occur after January 8, 2025 unless added by a Public Act of the 103rd General Assembly. Effective immediately.
Who sponsors HB 4543?
HB 4543 is sponsored by Jackie Haas (Republican).
What is the current status of HB 4543?
This bill died with 103rd Regular Session. It reached “In Committee” 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 HB 4543?
Track HB 4543 free on One Click Politics — get push/email alerts when it moves.

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