Illinois 93rd Regular Session Status: Passed Senate 1 D cosponsors

SB 2924 — MUNI CD-BUS DIST DEVLPMNT PLAN

Last action — Session Sine Die

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

This bill died with 93rd 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Illinois Municipal Code. Authorizes a municipality carrying out a business district development or redevelopment plan to impose a tax on the retail sale of tangible personal property and the sale or charge for a sleeping room, not to exceed 1% of the selling price of the tangible personal property or the charge for the sleeping room and only to be imposed in 0.25% increments. Requires a municipality imposing these taxes to follow certain additional procedures in applying for designation as a business district and approval of a business district development or redevelopment plan. Requires that the revenue generated by the tax be deposited into the municipality's Business District Tax Allocation Fund. Authorizes a municipality to issue obligations in one or more series bearing interest at rates determined by the corporate authorities of the municipality by ordinance and secured by the Business District Tax Allocation Fund. Requires the ordinance (i) to pledge any amounts in and to be deposited into the Business District Tax Allocation Fund for the payment of business district costs and obligations and (ii) to contain certain recitals. Authorizes the public or private sale of the obligations and the issuance of obligations to refund previously issued obligations. Upon payment of all business district costs, requires all surplus funds to be deposited into the general corporate fund. Requires the corporate authorities of the municipality to adopt an ordinance immediately rescinding the tax when all business district costs and obligations have been paid. Effective immediately.

Bill Text

What changed in the latest version

6 added · 40 removed

Plain-language change summary

The changes to SB 2924 involve the addition of specific guidelines for municipalities regarding the sale of certain items and the collection of taxes. The bill now allows municipalities to sell certain items at specified tax rates while also ensuring that any revenue generated must be directed into a dedicated Business District Tax Allocation Fund. This matters because it provides municipalities with a clearer framework for funding development projects and better financial oversight, which can enhance local economic growth and community revitalization efforts.

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SB2924 *LRB09318852MKM44587b* 93RD GENERAL ASSEMBLY State of Illinois and 2004 Introduced 2/6/2004, by James F.
SB2924 Engrossed LRB093 18852 MKM 44587 b AN ACT concerning municipalities.
Clayborne Jr.
SYNOPSIS AS INTRODUCED:
ILCS 5/11-74.3-3 from Ch.
24, par.
11-74.3-3 ILCS 5/11-74.3-5 new ILCS 5/11-74.3-6 new Amends the Illinois Municipal Code.
Authorizes a municipality carrying out a business district development or redevelopment plan to impose a tax on the retail sale of tangible personal property and the sale or charge for a sleeping room, not to exceed 1% of the selling price of the tangible personal property or the charge for the sleeping room and only to be imposed in 0.25% increments.
Requires a municipality imposing these taxes to follow certain additional procedures in applying for designation as a business district and approval of a business district development or redevelopment plan.
Requires that the revenue generated by the tax be deposited into the municipality’s Business District Tax Allocation Fund.
Authorizes a municipality to issue obligations in one or more series bearing interest at rates determined by the corporate authorities of the municipality by ordinance and secured by the Business District Tax Allocation Fund.
Requires the ordinance (i) to pledge any amounts in and to be deposited into the Business District Tax Allocation Fund for the payment of business district costs and obligations and (ii) to contain certain recitals.
Authorizes the public or private sale of the obligations and the issuance of obligations to refuned previously issued obligations.
Upon payment of all business district costs, requires all surplus funds to be deposited into the general corporate fund.
Requires the corporate authorities of the municipality to adopt an ordinance immediately rescinding the tax when all business district costs and obligations have been paid.
Effective immediately.
LRB093 18852 MKM 44587 b A BILL FOR SB2924 LRB093 18852 MKM 44587 b AN ACT concerning municipalities.
SB2924 - 2 - LRB093 18852 MKM 44587 b (8) To employ all such persons as may be necessary for the planning, administration and implementation of business district plans.
SB2924 Engrossed - 2 - LRB093 18852 MKM 44587 b (8) To employ all such persons as may be necessary for the planning, administration and implementation of business district plans.
additional procedures SB2924 - 3 - LRB093 18852 MKM 44587 b for designation of district and approval of development or redevelopment plan.
additional procedures SB2924 Engrossed - 3 - LRB093 18852 MKM 44587 b for designation of district and approval of development or redevelopment plan.
(a) If the corporate authorities of a municipality have approved a business district development or redevelopment plan and have elected to impose a tax by ordinance pursuant to SB2924 - 4 - LRB093 18852 MKM 44587 b subsection (12) of Section 11-74.3-3, each year after the date of the approval of the ordinance and until all business district project costs and all municipal obligations financing the business district project costs, if any, have been paid in accordance with the business district development or redevelopment plan, but in no event longer than 23 years after the date of adoption of the ordinance approving the business district development or redevelopment plan, all amounts generated by the tax shall be collected and the tax shall be enforced by the Department of Revenue in the same manner as all retailers’ occupation taxes imposed upon persons engaged in the business of selling tangible personal property at retail in the municipality imposing the tax.
(a) If the corporate authorities of a municipality have approved a business district development or redevelopment plan and have elected to impose a tax by ordinance pursuant to SB2924 Engrossed - 4 - LRB093 18852 MKM 44587 b subsection (12) of Section 11-74.3-3, each year after the date of the approval of the ordinance and until all business district project costs and all municipal obligations financing the business district project costs, if any, have been paid in accordance with the business district development or redevelopment plan, but in no event longer than 23 years after the date of adoption of the ordinance approving the business district development or redevelopment plan, all amounts generated by the tax shall be collected and the tax shall be enforced by the Department of Revenue in the same manner as all retailers’ occupation taxes imposed upon persons engaged in the business of selling tangible personal property at retail in the municipality imposing the tax.
Obligations issued pursuant to subsection (13) Section 11-74.3-3 may be sold at public or private sale at a price determined by the corporate authorities of the municipality and no referendum approval of the electors shall be required as a condition to the issuance of those obligations.
Obligations issued pursuant to subsection (13) of Section 11-74.3-3 may be sold at public or private sale at a price determined by the corporate authorities of the municipality and no referendum approval of the electors shall be required as a condition to the issuance of those obligations.
The SB2924 - 5 - LRB093 18852 MKM 44587 b corporate authorities of the municipality may also issue its obligations to refund, in whole or in part, obligations previously issued by the municipality under the authority of this Code, whether at or prior to maturity.
The SB2924 Engrossed - 5 - LRB093 18852 MKM 44587 b corporate authorities of the municipality may also issue its obligations to refund, in whole or in part, obligations previously issued by the municipality under the authority of this Code, whether at or prior to maturity.
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Action History

  1. Session Sine Die

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

  3. Held on Calendar Order of Second Reading - Short Debate

  4. Second Reading - Short Debate

  5. Committee/3rd Reading Deadline Extended-Rule 9(b) May 31, 2004

  6. Placed on Calendar 2nd Reading - Short Debate

  7. Do Pass as Amended / Short Debate Revenue Committee; 006-003-000

  8. House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote

  9. House Committee Amendment No. 1 Filed with Clerk by Revenue Committee

  10. Added Alternate Co-Sponsor Rep. Lovana Jones

  11. Added Alternate Co-Sponsor Rep. Wyvetter H. Younge

  12. Added Alternate Co-Sponsor Rep. Thomas Holbrook

  13. Added Alternate Co-Sponsor Rep. Calvin L. Giles

  14. Added Alternate Co-Sponsor Rep. Robin Kelly

  15. Added Alternate Co-Sponsor Rep. Kurt M. Granberg

  16. Added Alternate Co-Sponsor Rep. Steve Davis

  17. Added Alternate Co-Sponsor Rep. Kenneth Dunkin

  18. Added Alternate Chief Co-Sponsor Rep. Angelo Saviano

  19. Added Alternate Chief Co-Sponsor Rep. Jay C. Hoffman

  20. Added Alternate Chief Co-Sponsor Rep. Robert S. Molaro

  21. Added Alternate Chief Co-Sponsor Rep. Dan Reitz

  22. Alternate Chief Sponsor Changed to Rep. Arthur L. Turner

  23. Motion to Suspend Rule 25 - Prevailed

  24. Assigned to Revenue Committee

  25. Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2004

  26. Referred to Rules Committee

  27. First Reading

  28. Chief House Sponsor Rep. Dan Reitz

  29. Placed on Calendar Order of First Reading

  30. Arrived in House

  31. Third Reading - Passed; 045-012-000

  32. Placed on Calendar Order of 3rd Reading February 26, 2004

  33. Second Reading

  34. Placed on Calendar Order of 2nd Reading February 25, 2004

  35. Do Pass Local Government; 008-001-000

  36. Assigned to Local Government

  37. Referred to Rules

  38. First Reading

  39. Filed with Secretary by Sen. James F. Clayborne, Jr.

Sponsors

  • Jr. James F. Clayborne · Cosponsor
  • Kenneth Dunkin · Cosponsor
  • Steve Davis · Cosponsor
  • Kurt M. Granberg · Cosponsor
  • Robin Kelly · Cosponsor
  • III Emil Jones · Cosponsor
  • Calvin L. Giles · Cosponsor
  • Thomas Holbrook · Cosponsor
  • Wyvetter H. Younge · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 9 co-sponsors · 174 not signed on

Sponsors (0)

None.

Co-sponsors (9)

  • James F. Clayborne, Jr.
  • Kenneth Dunkin
  • Steve Davis
  • Kurt M. Granberg
  • Robin Kelly
  • Emil Jones, III Democrat
  • Calvin L. Giles
  • Thomas Holbrook
  • Wyvetter H. Younge

Not signed on (174)

174 members have not signed on to this bill.

Show all 174 →

"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

Votes

Third Reading

Passed 45 Yea · 12 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 381201
Democrat 7000
Republican 0001
Total 451202
% of votes cast 76%20%0%3%
How each member voted (59)
Member Party Vote
Sandoval — Yea
Soden — Nay
Maloney — Yea
Althoff — Yea
Martinez — Yea
Bomke — Nay
Burzynski — Nay
Haine — Yea
Halvorson — Yea
Meeks — Yea
Obama — Yea
Radogno — Yea
Munoz — Yea
Sieben — Yea
Brady — Yea
Silverstein — Yea
Trotter — Yea
Viverito — Yea
Jacobs — Yea
Jones, J. — Yea
Cullerton — Yea
Watson — Yea
Winkel — Yea
Clayborne — Yea
Cronin — Yea
Crotty — Yea
DeLeo — Yea
Geo-Karis — Yea
Hendon — Yea
Sullivan, D. — Nay
Lauzen — Nay
Sullivan, J. — Nay
Petka — Nay
Jones, W. — Nay
Demuzio — Not Voting
Link — Yea
Luechtefeld — Yea
Schoenberg — Yea
Shadid — Yea
Wojcik — Yea
Dillard — Yea
Forby — Nay
Garrett — Nay
Peterson — Yea
Rauschenberger — Nay
Righter — Yea
Risinger — Yea
Ronen — Yea
Roskam — Nay
Rutherford — Yea
del Valle — Yea
Don Harmon Democrat Yea
Emanuel "Chris" Welch Democrat Yea
Emil Jones, III Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Not Voting

Official roll call →

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 2924 do?
Amends the Illinois Municipal Code. Authorizes a municipality carrying out a business district development or redevelopment plan to impose a tax on the retail sale of tangible personal property and the sale or charge for a sleeping room, not to exceed 1% of the selling price of the tangible personal property or the charge for the sleeping room and only to be imposed in 0.25% increments. Requires a municipality imposing these taxes to follow certain additional procedures in applying for designation as a business district and approval of a business district development or redevelopment plan. Requires that the revenue generated by the tax be deposited into the municipality's Business District Tax Allocation Fund. Authorizes a municipality to issue obligations in one or more series bearing interest at rates determined by the corporate authorities of the municipality by ordinance and secured by the Business District Tax Allocation Fund. Requires the ordinance (i) to pledge any amounts in and to be deposited into the Business District Tax Allocation Fund for the payment of business district costs and obligations and (ii) to contain certain recitals. Authorizes the public or private sale of the obligations and the issuance of obligations to refund previously issued obligations. Upon payment of all business district costs, requires all surplus funds to be deposited into the general corporate fund. Requires the corporate authorities of the municipality to adopt an ordinance immediately rescinding the tax when all business district costs and obligations have been paid. Effective immediately.
Who sponsors SB 2924?
SB 2924 is sponsored by James F. Clayborne, Jr., Kenneth Dunkin, Steve Davis, Kurt M. Granberg, Robin Kelly, Emil Jones, III (Democrat), Calvin L. Giles, Thomas Holbrook, and Wyvetter H. Younge.
What is the current status of SB 2924?
This bill died with 93rd 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 2924?
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