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IL HB0243

Bill

Official Source

Status

Introduced

1/22/2015

Primary Sponsor

Jack Franks

Click for details

Origin

House of Representatives

99th General Assembly

AI Summary

  • Amends Section 20-15 of the Property Tax Code to require tax bills include a list of each Tax Increment Financing (TIF) district where the property is located.

  • Requires tax bills to show the percentage of the taxpayer's total payment deposited into special tax allocation funds established for each TIF district.

  • Maintains existing requirements for bills to itemize tax rates by district, show dollar amounts due to each taxing district, and provide property assessment information.

  • Takes effect immediately upon becoming law.

Legislative Description

PROP TX-TIF INFO ON BILL

Last Action

House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee

3/27/2015

Committee Referrals

Rules3/27/2015
Property Tax2/20/2015
Revenue & Finance2/3/2015
Rules1/23/2015

Full Bill Text

No bill text available