summary
Introduced
01/24/2025
01/24/2025
In Committee
06/02/2025
06/02/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Economic Development Project Area Tax Increment Allocation Act of 1995. Makes a technical change in a Section concerning the short title.
AI Summary
This bill makes a technical amendment to the Economic Development Project Area Tax Increment Allocation Act of 1995 by modifying Section 1. While the specific details of the change are not fully visible in the provided XML, the government summary suggests it is a minor technical modification to the short title of the existing law. Tax Increment Allocation Acts are typically legal mechanisms that allow local governments to use future gains in taxes to finance current improvements, which can help support economic development in specific project areas. However, without more context, the precise nature of this technical change cannot be definitively determined from the available information.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Rule 3-9(a) / Re-referred to Assignments (on 06/02/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=640&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB0640.htm |
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