ZONE PLAN; PROPORTIONAL VOTING H.B. 4454 (H-1):
SUMMARY OF HOUSE-PASSED BILL
IN COMMITTEE
ouse Bill 4454 (Substitute H-1 as passed by the House)
Sponsor: Representative Tyrone Carter
House Committee: Economic Development and Small Business
Senate Committee: Committee of the Whole
CONTENT
The bill would amend Public Act 120 of 1961, which provides for the creation, operation, and dissolution of a business improvement zone (BIZ), to do the following:
-- Delete a requirement that a BIZ's board of directors include at least one owner of residential real property if residential real property were determined assessable property by the appropriate local unit of government.
-- Specify that certain votes, such as votes to amend a BIZ plan, would have to use proportional voting if applicable under the zone plan.
-- Remove a requirement that any notice required as part of the assessment process include a statement that a residential property owner within a business improvement zone may seek a homestead deferment for an assessment.
PREVIOUS LEGISLATION
(Please note: This section does not provide a comprehensive account of all previous legislative efforts on the relevant subject matter.)
The bill is similar to a portion of Senate Bill 1224 of the 2021-2022 Legislative Session. Senate Bill 1224 passed the Senate and was discharged from the House Committee on Tax Policy but received no further action.
Legislative Analyst: Abby Schneider
FISCAL IMPACT
The bill would have no fiscal impact on the State or local governments.
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.