HB4168 - 104th General Assembly (2025-2026)

MUNI CD-TIF-LATE REPORTS
Last Action
10/28/2025 - House: Referred to Rules Committee
House Sponsors
Rep. Kevin Schmidt
Statutes Amended In Order of Appearance
65 ILCS 5/8-8-3.5  
Synopsis As Introduced
Amends the Illinois Municipal Code. In provisions concerning the reports a municipality is required to provide to the Comptroller under the Tax Increment Allocation Redevelopment Act, provides that, beginning on the effective date of the amendatory Act, if a municipality fails to file the Tax Increment Financing Report within the time required, then the Comptroller may order the municipality to cease all distributions from its Special Tax Allocation Fund for redevelopment project costs other than debt service on bonds until the municipality files the Tax Increment Financing Report. Requires the municipality to comply with the Comptroller's orders.
Actions
DateChamberAction
10/17/2025HouseFiled with the Clerk by Rep. Kevin Schmidt
10/28/2025HouseFirst Reading
10/28/2025HouseReferred to Rules Committee