Enrolled Bill Summary

Senate Bill 1710 amends provisions of the Property Redevelopment and Tax Abatement Act relating to tax abatement in a municipal reinvestment zone. The bill specifies that an abatement agreement entered into by a municipality may take effect on January 1 of the tax year after related improvements or repairs to the abated property are completed. It deletes the 90-day deadline other taxing units have to enter into separate tax abatement agreements on the abated property, and it clarifies the law governing the execution, duration, and other terms of those taxing units' abatement agreements.