Illinois · House Bill 5545 · 103rd General Assembly

REVENUE-MEGAPROJECTS

HB 5545 Sponsored by Jay Hoffman Died in committee

  1. Introduced Feb 9, 2024
  2. In committee Feb 9, 2024
  3. Died  
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Property Tax Code. Provides that certain property may be certified by the Department of Commerce and Economic Opportunity as containing a megaproject. Provides that a "megaproject" is a project that meets certain investment and job creation specifications. Provides that the megaproject property is eligible for an assessment freeze. Provides that megaproject property may be granted an abatement. Provides…

Read the full title (140 words)

Amends the Property Tax Code. Provides that certain property may be certified by the Department of Commerce and Economic Opportunity as containing a megaproject. Provides that a "megaproject" is a project that meets certain investment and job creation specifications. 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 the municipality in which the project is located and other 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 development of a megaproject is exempt from the taxes imposed under those Acts. Effective June 1, 2024.

Every action

15 steps, oldest first, as the legislature records them.

Show the 7 earlier steps
  1. HouseFiled with the Clerk by Rep. Jay Hoffman
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
  5. CommitteeTo Revenue - Property Tax Subcommittee · House Property Tax Subcommittee
  6. HouseAdded Chief Co-Sponsor Rep. Mark L. Walker
  7. HouseCommittee/3rd Reading Deadline Extended-Rule May 24, 2024
  1. HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
  2. CommitteeHouse Committee Amendment No. 1 Referred to Rules Committee · House Rules
  3. CommitteeHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee · House Revenue & Finance
  4. HouseCommittee/3rd Reading Deadline Extended-Rule May 27, 2024
  5. HouseCommittee/3rd Reading Deadline Extended-Rule May 31, 2024
  6. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  7. CommitteeHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee · House Rules
  8. HouseSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Democrat.

All 1 cosponsor

From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.