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IL SB3829
Bill
Status
Introduced
2/6/2026
Primary Sponsor
Rachel Ventura
Click for details
AI Summary
- Creates the Local Government Business Anti-Poaching Act, prohibiting municipalities and counties from offering incentives to businesses to relocate their Illinois headquarters or operations from one Illinois location to another, effective immediately
- Reduces Tax Increment Financing (TIF) district duration from 23 years to 10 years for new redevelopment projects, with extensions limited to 15 years instead of 35 years
- Adds two new qualifying factors for "blighted area" designation: unemployment rate at least 120% of state average, and poverty indicators including 20% poverty rate, 50%+ children on free lunch, or 20%+ households receiving SNAP benefits
- Removes several existing "blighted area" factors including deterioration, structures below minimum code, excessive vacancies, lack of ventilation/sanitation, deleterious land use, and lack of community planning
- Requires 10% of TIF special tax allocation funds be transferred to local chambers of commerce within 30 days of deposit, and shortens surplus fund distribution from 180 days to 90 days after fiscal year close
- Prohibits approval of new or modified TIF redevelopment project areas that overlap with existing ones, effective July 1, 2026
Legislative Description
TIF/REDEVELOPMENT PROJECT AREA
Last Action
Referred to Assignments
2/6/2026
Committee Referrals
Assignments2/6/2026
Full Bill Text
No bill text available