IL HB4335

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code to expand the definition of "redevelopment project costs"

Adds costs of operations, infrastructure, and programming of not-for-profit veterans and military organizations located within a redevelopment project area as eligible redevelopment project costs

Specifically includes organizations designated as tax-exempt under Section 501(c)(19) of the federal Internal Revenue Code, which covers veterans' organizations

Allows municipalities to use Tax Increment Financing (TIF) funds to support qualifying veterans and military organizations within designated TIF districts