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IL HB0067

Bill

Official Source

Status

Failed

12/3/2014

Primary Sponsor

Louis Lang

Click for details

Origin

House of Representatives

98th General Assembly

AI Summary

  • Amends House Bill 67 regarding property tax increment financing for green energy projects in special service areas
  • Replaces language on page 18 to clarify that liens created by recording contracts or agreements are limited to "levied taxes"
  • Establishes that recorded liens shall not take priority over any mortgage, judgment, or other lien recorded on the same property prior to the contract or agreement recording
  • Ensures pre-existing mortgages and liens maintain their senior lien position over subsequently recorded green energy project agreements

Legislative Description

PROP TX-GREEN ENERGY SSA

Last Action

Session Sine Die

12/3/2014

Committee Referrals

Rules3/28/2014
Property Tax2/20/2014
Revenue & Finance2/11/2014
Rules5/31/2013
Property Tax5/15/2013
Revenue & Finance5/3/2013
Rules3/22/2013
Revenue & Finance1/30/2013
Rules1/9/2013

Full Bill Text

No bill text available