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SB2839

View on ILGA

TIF-Various

What this bill does

Amends the Illinois Municipal Code. Provides that no redevelopment plan shall be adopted unless the plan establishes a process for allocating funds for the project that includes the members of the join review board. Provides that municipalities may use some of the tax revenue attributable to the increase in the current equalized assessed valuation of each taxable lot, block, tract, or parcel of real property in the redevelopment project area over and above the initial equalized assessed value of each property in the project area to fund grants to small businesses employing less than 50 people. Provides that these grants shall be considered "redevelopment project costs". Provides that estimated dates of completion of redevelopment project costs may be extended to the 35th calendar year for redevelopment project areas adopted on or before June 30, 2023 and to the 33rd calendar year for redevelopment project areas adopted on or after July 1, 2023 (rather than to the 22nd calendar year for all future extensions). Provides that municipalities shall give at least 90 days' notice before the extending the completion date, approving the creation of a new project area which overlaps with an existing area, or transferring surpluses between areas. Provides that the joint review board may issue a written report approving or disapproving of the municipality's proposal within the notice period. Provides that approval may be presumed if no report is filed. Provides that all surplus funds shall be distributed as soon as possible after they are calculated (rather than annually within 180 days of the close of the municipalities fiscal year). Provides that an amount equal to the change in the current equalized assessed valuation that is attributable to the change caused by the Consumer Price Index for All Urban Consumers during the 12-month calendar year preceding the levy may be subtracted from the portion of taxes which is attributable to the increase in the current equalized valuation of specified properties. Makes other and conforming changes. Effective immediately.

Sponsor: Mark L. Walker Chamber: Senate Introduced: 2026-01-13
Stuck
P(Advance)
7.5%
Chance it ever reaches a milestone (committee, floor, etc.). Not “next step.”
P(Law)
0.0%
Chance it becomes law given where it is now (stage, momentum).
Confidence: 92% FORECAST

Calculating prediction drivers...

Pipeline Progress

Current stage: In Committee · Last action 65 days ago · SLOW

How does a bill become law in Illinois?
  1. Introduction of Bill

    A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.

  2. Committee Work — Hearings

    The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.

  3. Committee Work — Markup, Amendments, Report

    The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.

  4. Floor Debate

    The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.

  5. Passage and Consideration in Second Chamber

    If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.

  6. Gubernatorial Action

    The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.

Sponsor Context

Hearings

This bill has not been scheduled for a committee hearing.

Action History

6 actions recorded. Last action: 2026-02-03 — Assigned toRevenue. Each action's meaning and outcome signal are classified automatically.

2026-01-13 Introduction & Filing
Filed with Secretary bySen. Mark L. Walker Rule 2-7(b)
Bill officially submitted to the Senate Secretary during the session.
2026-01-13 Introduction & Filing
First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38
Formal introduction — title read into the official record. Required procedural step; bill now exists in the system.
2026-01-13 Committee Assignment
Referred toAssignments Senate Rule 3-8(a); House Rule 18(a)
Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2026-01-14 Co-Sponsorship Mild +
Added as Co-SponsorSen. Michael W. Halpin Senate Rule 5-1(a); House Rule 37(a)
A legislator added as co-sponsor.
2026-01-14 Co-Sponsorship Mild +
Added as Co-SponsorSen. Mary Edly-Allen Senate Rule 5-1(a); House Rule 37(a)
A legislator added as co-sponsor.
2026-02-03 Committee Assignment
Assigned toRevenue Senate Rule 3-8(a); House Rule 18(b)
Sent to a substantive committee (e.g., Transportation, Revenue). This is where the bill gets a real hearing and evaluation.

All actions (table)

Date Chamber Action Category Signal
2026-01-13 Senate Filed with Secretary bySen. Mark L. Walker Rule 2-7(b) Introduction & Filing —
2026-01-13 Senate First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 Introduction & Filing —
2026-01-13 Senate Referred toAssignments Senate Rule 3-8(a); House Rule 18(a) Committee Assignment —
2026-01-14 Senate Added as Co-SponsorSen. Michael W. Halpin Senate Rule 5-1(a); House Rule 37(a) Co-Sponsorship Mild +
2026-01-14 Senate Added as Co-SponsorSen. Mary Edly-Allen Senate Rule 5-1(a); House Rule 37(a) Co-Sponsorship Mild +
2026-02-03 Senate Assigned toRevenue Senate Rule 3-8(a); House Rule 18(b) Committee Assignment —