Illinois · Senate Bill 2857 · 103rd General Assembly

REVENUE-MEGAPROJECTS

SB 2857 Sponsored by Don Harmon Died in committee

  1. Introduced Jan 19, 2024
  2. In committee Jan 19, 2024
  3. Died  
  4. Passed the House  
  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

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

Show the 8 earlier steps
  1. SenateFiled with Secretary by Sen. Ann Gillespie
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. SenateAdded as Chief Co-Sponsor Sen. Mary Edly-Allen
  5. CommitteeAssigned to Executive · Senate Executive
  6. CommitteeTo Subcommittee on Government Operations · Senate Government Operations
  7. SenateRule 2-10 Committee Deadline Established As April 5, 2024
  8. SenateRule 2-10 Committee Deadline Established As May 3, 2024
  1. SenateRule 2-10 Third Reading Deadline Established As May 3, 2024
  2. SenateChief Sponsor Changed to Sen. Don Harmon
  3. SenateRule 2-10 Committee/3rd Reading Deadline Established As May 17, 2024
  4. SenateRule 2-10 Committee Deadline Established As May 24, 2024
  5. SenateRule 2-10 Committee/3rd Reading Deadline Established As May 25, 2024
  6. SenateRule 2-10 Committee/3rd Reading Deadline Established As May 26, 2024
  7. CommitteePursuant to Senate Rule 3-9(b) / Referred to Assignments · Senate Assignments
  8. SenateSession 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.