HB4335 - 104th General Assembly (2025-2026)

TIF-VETERAN ORGANIZATIONS
Last Action
2/26/2026 - House: To Tax Policy: Other Taxes Subcommittee
House Sponsors
Rep. Kevin Schmidt
Hearings
Revenue & Finance Committee Hearing Feb 26 2026 10:00AM Capitol Building Room 114 Springfield, IL
Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-3  from Ch. 24, par. 11-74.4-3
Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that "redevelopment project costs" includes, among other things, costs of operations, infrastructure, and programming of not-for-profit veterans and military organizations located within the redevelopment project area, including organizations designated as tax-exempt organizations under Section 501(c)(19) of the federal Internal Revenue Code.
Actions
DateChamberAction
1/07/2026HouseFiled with the Clerk by Rep. Kevin Schmidt
1/14/2026HouseFirst Reading
1/14/2026HouseReferred to Rules Committee
2/11/2026HouseAssigned to Revenue & Finance Committee
2/26/2026HouseTo Tax Policy: Other Taxes Subcommittee