Illinois 94th Regular Session Status: In Committee

HB 3697 — CNTY TAX INCRMNT REDEVLP ACT

Last action — Tabled By Sponsor Rep. Angelo Saviano

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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 94th 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

Creates the County Tax Increment Allocation Redevelopment Act. Authorizes a county with a population of 3,000,000 or more to designate certain areas as blighted areas or conservation areas and to propose and approve a redevelopment plan and project for those areas. Authorizes the county to use tax increment financing for the payment of qualifying redevelopment project costs, to enter into a redevelopment agreement, and to provide for public funding of appropriate redevelopment project costs. Provides that the county may issue tax increment financing bonds or other obligations. Provides that property taxes assessed against real property in the redevelopment area and attributable to any increase in the value of the area as a result of tax increment financing are payable into a special tax allocation fund of the county for the purpose of paying redevelopment project costs and obligations.

Bill Text

Action History

  1. Tabled By Sponsor Rep. Angelo Saviano

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

  3. Added Chief Co-Sponsor Rep. Michael P. McAuliffe

  4. Motion Filed Rep. Angelo Saviano; Table House Bill 3697 Pursuant to Rule 60(b)

  5. Assigned to Local Government Committee

  6. Referred to Rules Committee

  7. First Reading

  8. Filed with the Clerk by Rep. Angelo Saviano

Sponsors

  • Angelo Saviano · Cosponsor

Sponsorship breakdown

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

Sponsors (0)

None.

Co-sponsors (1)

  • Angelo Saviano

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.

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Subjects

taxation housing
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Frequently asked questions

What does HB 3697 do?
Creates the County Tax Increment Allocation Redevelopment Act. Authorizes a county with a population of 3,000,000 or more to designate certain areas as blighted areas or conservation areas and to propose and approve a redevelopment plan and project for those areas. Authorizes the county to use tax increment financing for the payment of qualifying redevelopment project costs, to enter into a redevelopment agreement, and to provide for public funding of appropriate redevelopment project costs. Provides that the county may issue tax increment financing bonds or other obligations. Provides that property taxes assessed against real property in the redevelopment area and attributable to any increase in the value of the area as a result of tax increment financing are payable into a special tax allocation fund of the county for the purpose of paying redevelopment project costs and obligations.
Who sponsors HB 3697?
HB 3697 is sponsored by Angelo Saviano.
What is the current status of HB 3697?
This bill died with 94th 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 3697?
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Last checked for changes 3 months ago · updated continuously

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