SB 4017

Illinois Senate bill in Session 104.

Status: in_committee. Latest action: May 22, 2026.

STATEWIDE INNOVATION-PILOT.

Bill ID IL-104-SB-4017
Session 104
Status in_committee
Committee Assignments
Senate in_committee 2026-05-22
Business / Commerce Tax / Budget / Appropriations
Summary

Amends the Statewide Innovation Development and Economy Act. Creates a New Opportunities for Vacation and Adventure Urban District or NOVA urban district. Sets forth the capital investment and job creation requirements to be certified as a NOVA urban district. Amends the Property Tax Code. Creates the Megaproject Assessment Freeze and Payment Law. Provides that property that receives a megaproject certificate from the Department of Commerce and Economic Opportunity is eligible for an assessment freeze. Contains provisions concerning megaproject incentive agreements.

Sponsor
Bill Cunningham
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-06 Introduced Bill introduced
2026-05-22 Status in_committee
2026-05-22 Latest Action 5/22/2026 - Senate:
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