<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4806         </title>
<shortdesc>MUNI CD-TIF REVENUE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Blaine Wilhour-Jonathan Carroll, Deanne M. Mazzochi, Joe Sosnowski and Mark L. Walker</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>65 ILCS 5/11-74.4-7</reference><aliasreference>from Ch. 24, par. 11-74.4-7</aliasreference><reference>65 ILCS 5/11-74.4-8</reference><aliasreference>from Ch. 24, par. 11-74.4-8</aliasreference><SynopsisText>     Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that moneys in the special tax allocation fund may be used to make distributions to certain taxing districts. Provides that moneys received from the additional distributions shall be used by the affected taxing district to pay debt service on obligations incurred by the taxing district and to provide property tax relief. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/11/2020</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Blaine Wilhour</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/25/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Deanne M. Mazzochi</action>
<statusdate>3/5/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Joe Sosnowski</action>
<statusdate>3/5/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Mark L. Walker</action>
<statusdate>3/5/2020</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Jonathan Carroll</action>
<statusdate>3/12/2020</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>6/23/2020</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

