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<xml>
<title>Illinois General Assembly - Bill Status for HB 3312         </title>
<shortdesc>TIF REEXTENSION LIMITATION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jeff Keicher</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>65 ILCS 5/11-74.4-3.5</reference><aliasreference></aliasreference><SynopsisText>     Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, after the effective date of the amendatory Act, the General Assembly shall not approve the extension of a redevelopment project and the retirement of its obligations to a date that is beyond the 35th calendar year after the year in which the ordinance approving the redevelopment project areas was adopted. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jeff Keicher</action>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/28/2023</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/9/2023</statusdate><chamber>House</chamber><action>To Revenue - Property Tax Subcommittee</action>
<statusdate>3/10/2023</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

