Illinois 95th Regular Session Status: In Committee 1 D cosponsors

HB 1867 — TIF-INFLATION ADJUSTMENTS

Last action — Session Sine Die

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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 95th 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 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, the Industrial Jobs Recovery Law in the Illinois Municipal Code, and the Economic Development Project Area Tax Increment Allocation Act of 1995. Provides that, beginning January 1, 2008, 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

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. Final Action Deadline Extended-9(b) May 31, 2008

  6. Final Action Deadline Extended-9(b) May 23, 2008

  7. Final Action Deadline Extended-9(b) May 9, 2008

  8. Placed on Calendar 2nd Reading - Short Debate

  9. Do Pass as Amended / Short Debate Revenue Committee; 012-000-000

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

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

  12. Recommends Do Pass Subcommittee/ Revenue Committee; 003-000-000

  13. Assigned to Revenue Committee

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

  15. Assigned to Revenue Committee

  16. Referred to Rules Committee

  17. First Reading

  18. Filed with the Clerk by Rep. Elizabeth Hernandez

Sponsors

Sponsorship breakdown

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

Sponsors (0)

None.

Co-sponsors (1)

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
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Frequently asked questions

What does HB 1867 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, the Industrial Jobs Recovery Law in the Illinois Municipal Code, and the Economic Development Project Area Tax Increment Allocation Act of 1995. Provides that, beginning January 1, 2008, 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 HB 1867?
HB 1867 is sponsored by Elizabeth "Lisa" Hernandez (Democrat).
What is the current status of HB 1867?
This bill died with 95th 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 1867?
Track HB 1867 free on One Click Politics — get push/email alerts when it moves.

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