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Rep. Dave Severin
Filed: 5/14/2018
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| 1 | | AMENDMENT TO SENATE BILL 2303
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 2303 on page 1, |
| 3 | | immediately below line 3, by inserting the following:
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| 4 | | "Section 3. The Department of Revenue Law of the
Civil |
| 5 | | Administrative Code of Illinois is amended by reenacting and |
| 6 | | changing Section 2505-800 as follows:
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| 7 | | (20 ILCS 2505/2505-800) |
| 8 | | (Section scheduled to be repealed on April 30, 2018) |
| 9 | | Sec. 2505-800. Tax Increment Financing Reform Task Force. |
| 10 | | (a) There is hereby created the Tax Increment Financing |
| 11 | | Reform Task Force which shall consist of the following members: |
| 12 | | (1) 3 members of the General Assembly, appointed by the |
| 13 | | President of the Senate; |
| 14 | | (2) 3 members of the General Assembly, appointed by the |
| 15 | | Minority Leader of the Senate; |
| 16 | | (3) 3 members of the General Assembly, appointed by the |
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| 1 | | Speaker of the House of Representatives; and |
| 2 | | (4) 3 members of the General Assembly, appointed by the |
| 3 | | Minority Leader of the House of Representatives. |
| 4 | | (b) The members of the Task Force shall elect one co-chair |
| 5 | | from each legislative caucus, who shall call meetings of the |
| 6 | | Task Force to order. The Task Force shall hold an initial |
| 7 | | meeting within 60 days after the effective date of this |
| 8 | | amendatory Act of the 100th General Assembly. |
| 9 | | (c) The Task Force shall conduct a study examining current |
| 10 | | Tax Increment Financing (TIF) laws in this State and issues |
| 11 | | that include, but are not limited to: |
| 12 | | (1) the benefits and costs of TIF districts; |
| 13 | | (2) the interaction between TIF law and school funding; |
| 14 | | (3) the expenditure of TIF funds; and |
| 15 | | (4) the expenditure of TIF surplus funds. |
| 16 | | (d) The Task Force shall report the findings of the study |
| 17 | | and any recommendations to the General Assembly on or before |
| 18 | | June 1, 2018 April 1, 2018, at which time the Task Force shall |
| 19 | | be dissolved. |
| 20 | | (e) The Department of Revenue shall provide staff and |
| 21 | | administrative support to the Task Force, and shall post on its |
| 22 | | website the report under subsection (d) of this Section. |
| 23 | | (f) The Task Force is exempt from any requirements under |
| 24 | | the Freedom of Information Act and Open Meetings Act. |
| 25 | | (g) The General Assembly finds and declares that this |
| 26 | | amendatory Act of the 100th General Assembly manifests the |
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| 1 | | intention of the General Assembly to extend the repeal of this |
| 2 | | Act and have this Act continue in effect until July 1, 2019. |
| 3 | | This Section shall be deemed to have been in continuous |
| 4 | | effect since August 31, 2017 (the effective date of Public Act |
| 5 | | 100-465) and it shall continue to be in effect until July 1, |
| 6 | | 2019. All previously enacted amendments to this Act taking |
| 7 | | effect on or after August 31, 2017, are hereby validated. All |
| 8 | | actions taken in reliance on this Section by the Task Force are |
| 9 | | hereby validated. |
| 10 | | In order to ensure the continuing effectiveness of this |
| 11 | | Section, it is set forth in full and reenacted by this |
| 12 | | amendatory Act of the 100th General Assembly. Striking and |
| 13 | | underscoring are used only to show changes being made to the |
| 14 | | base text. This reenactment is intended as a continuation of |
| 15 | | this Section. |
| 16 | | (h) This Section is repealed on July 1, 2019 April 30, |
| 17 | | 2018.
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| 18 | | (Source: P.A. 100-465, eff. 8-31-17.)".
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