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<xml>
<title>Illinois General Assembly - Bill Status for SB 1626   </title>
<shortdesc>MUNI CD-TIF-EXEMPT SCHOOLS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Heather A. Steans and Emil Jones, III</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<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 the portion of taxes levied by a school district located in a redevelopment project area that is (i) established by the City of Chicago on or after the effective date of the amendatory Act or (ii) established by the City of Chicago prior to the effective date of the amendatory Act and extended by the General Assembly on or after the effective date of the amendatory Act shall be allocated and paid to the school district in the manner required by law in the absence of the adoption of tax increment allocation financing. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2011</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Heather A. Steans</action>
<statusdate>2/9/2011</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2011</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/23/2011</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/1/2011</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Emil Jones, III</action>
<statusdate>3/3/2011</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>3/10/2011</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>3/17/2011</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>3/18/2011</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/8/2013</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

