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IL HB4958

Bill

Official Source

Status

Introduced

2/4/2026

Primary Sponsor

Anna Moeller

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Extends the completion date for the Golf, Higgins, and Roselle Road TIF redevelopment project area in the Village of Hoffman Estates, originally established by ordinance on May 5, 2003

  • Amends Section 11-74.4-3.5 of the Tax Increment Allocation Redevelopment Act within the Illinois Municipal Code

  • Allows the estimated project completion date and retirement of financing obligations to extend beyond the standard 23-year timeline

  • Takes effect immediately upon becoming law

Legislative Description

TIF-VILLAGE OF HOFFMAN ESTATES

Last Action

To Tax Credit and Incentives Subcommittee

2/26/2026

Committee Referrals

Tax Credit and Incentives2/26/2026
Revenue & Finance2/17/2026
Rules2/6/2026

Full Bill Text

No bill text available