summary
Introduced
01/24/2025
01/24/2025
In Committee
10/28/2025
10/28/2025
Crossed Over
10/15/2025
10/15/2025
Passed
12/12/2025
12/12/2025
Dead
Signed/Enacted/Adopted
12/12/2025
12/12/2025
Introduced Session
104th General Assembly
Bill Summary
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated dates of completion of redevelopment projects and the retirement of obligations issued to finance redevelopment project costs for various ordinances adopted by the City of Chicago, the Village of Millstadt, the City of Mattoon, and the City of Sterling. Effective immediately.
AI Summary
This bill makes several technical amendments to various tax-related laws in Illinois, primarily focusing on extending and modifying tax relief and assessment provisions for senior citizens and updating tax increment financing (TIF) project areas. Specifically, the bill extends the maximum household income thresholds for senior citizens' property tax exemptions and deferrals, incrementally increasing the limits from $65,000 to $79,000 by 2028. It also updates the Tax Increment Allocation Redevelopment Act by extending the estimated completion dates for redevelopment projects in multiple municipalities, including Chicago, Millstadt, Mattoon, and Sterling. Additionally, the bill modifies provisions related to tax certificates, redemption periods, and allows county clerks to create payment plans for tax certificates with potential interest penalty waivers. These changes are designed to provide continued financial relief for senior homeowners and support local government infrastructure development efforts.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (30)
Lakesia Collins (D)*,
Curtis Tarver (D)*,
Jaime Andrade (D),
Dee Avelar (D),
Chris Balkema (R),
Mary Beth Canty (D),
Kelly Cassidy (D),
Andrew Chesney (R),
Michael Crawford (D),
Lisa Davis (D),
Margaret DeLaRosa (D),
Martha Deuter (D),
Don DeWitte (R),
Mary Gill (D),
Nicolle Grasse (D),
Matt Hanson (D),
Erica Harriss (R),
Barbara Hernandez (D),
Tracy Katz Muhl (D),
Michael Kelly (D),
Seth Lewis (R),
Natalie Manley (D),
Michelle Mussman (D),
Aarón Ortíz (D),
Robert Peters (D),
Abdelnasser Rashid (D),
Bob Rita (D),
Nabeela Syed (D),
Dave Vella (D),
Craig Wilcox (R),
Last Action
Added as Co-Sponsor Sen. Chris Balkema (on 12/15/2025)
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