Bill Status of SB1432

  1. Home
  2. Legislation
  3. Bill Status

SB1432 - 104th General Assembly

MUNI CD-TIF SURPLUS FUNDS
Last Action
2/04/2026 - Senate: Postponed - Local Government
Senate Sponsors
Sen. Laura M. Murphy - Mark L. Walker
Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-7from Ch. 24, par. 11-74.4-7
Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that all surplus funds in the special tax allocation fund shall be distributed as soon as possible after they are calculated (rather than distributed annually within 180 days after the close of the municipality's fiscal year).
Actions
Date Chamber Action
1/31/2025 Senate Filed with Secretary by Sen. Laura M. Murphy
1/31/2025 Senate First Reading
1/31/2025 Senate Referred to Assignments
2/11/2025 Senate Assigned to Local Government
2/26/2025 Senate Added as Chief Co-Sponsor Sen. Mark L. Walker
2/27/2025 Senate Postponed - Local Government
3/06/2025 Senate Postponed - Local Government
3/19/2025 Senate Postponed - Local Government
3/21/2025 Senate Rule 3-9(a) / Re-referred to Assignments
1/27/2026 Senate Re-assigned to Local Government
2/04/2026 Senate Postponed - Local Government