Date	Chamber	Action
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance

35 ILCS 105/3-5

35 ILCS 110/3-5

35 ILCS 115/3-5

35 ILCS 120/2-5

35 ILCS 200/Art. 10 Div. 22 heading new

35 ILCS 200/10-900 new

35 ILCS 200/10-910 new

35 ILCS 200/10-915 new

35 ILCS 200/10-920 new

35 ILCS 200/10-925 new

35 ILCS 200/10-930 new

35 ILCS 200/10-932 new

35 ILCS 200/10-935 new

35 ILCS 200/10-937 new

35 ILCS 200/10-940 new

35 ILCS 200/10-945 new

35 ILCS 200/10-950 new

35 ILCS 200/10-955 new

35 ILCS 200/10-960 new

35 ILCS 200/10-965 new

35 ILCS 200/10-970 new

35 ILCS 200/10-980 new

35 ILCS 200/10-990 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that certain property may be certified by the Department of Revenue as containing a megaproject. Provides that a "megaproject" is a project with respect to which a company makes a specified investment during a specified investment period. Provides that the megaproject property is eligible for an assessment freeze. Provides that megaproject property may be granted an abatement. Provides that a company that operates a megaproject shall enter into an agreement with an oversight board established by the local municipality and local taxing districts to make certain special payments. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that qualified tangible personal property used in the construction or operation of a megaproject is exempt from the taxes imposed under those Acts. Effective June 1, 2024.

Actions 

Date	Chamber	Action
2/7/2024	House	Filed with the Clerk by Rep. Mark L. Walker
2/8/2024	House	First Reading
2/8/2024	House	Referred to Rules Committee
2/28/2024	House	Assigned to Revenue & Finance Committee
3/8/2024	House	To Revenue - Property Tax Subcommittee
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

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