Illinois HB1176 mandates that tax bills include details of redevelopment projects in TIF districts.
Illinois HB1176 amends the Property Tax Code to require that each tax bill or a separate slip mailed with the bill must list each redevelopment project associated with a TIF district in which the property is located and that has been completed during or before the taxable year for which the bill is prepared or is in the process of being completed during that taxable year. The bill also includes other tax-related information such as the rate at which taxes have been extended, the dollar amount of tax due from the person assessed, and the total amount of tax due.
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