| HB910 | STATE GOVERNMENT-TECH (REP. EMANUEL WELCH; SEN. DON HARMON) House Floor Amendment No. 3 - Replaces everything after the enacting clause. Creates the Capital Area Tourism Authority Act. Creates the Capital Area Tourism Authority for the benefit of the general public and the promotion of business, industry, commerce, and tourism in the City of Springfield, Sangamon County, and the State of Illinois. Creates the Capital City Downtown Medical District Act. Creates the Capital City Downtown Medical District Commission. Sets forth the duties and purpose of the Commission. Amends the Property Tax Code. Creates the Megaproject Assessment Freeze and Payment Law within the Code. Provides that the Department of Commerce and Economic Opportunity may issue megaproject certificates in connection with projects that satisfy certain minimum investment requirements and other requirements. Provides that property that receives a megaproject certificate from the Department of Commerce and Economic Opportunity is eligible for an assessment freeze. Provides that sales of building materials that will be incorporated into a megaproject and that are purchased during the incentive period are eligible for the same building materials exemption available to High Impact Businesses under the Retailers' Occupation Tax Act. Provides that, to be eligible for megaproject incentives, the company and the local municipality must enter into an incentive agreement. Provides that, in addition to other requirements, the incentive agreement must require the company to pay, or be responsible for the payment of, an annual special payment to the local municipality. Provides that no person who participates personally and substantially in the negotiation of a megaproject agreement on behalf of a local municipality or taxing district may, within a period of one year after the effective date of the agreement, knowingly accept employment or receive compensation or fees from a company that is a party to the agreement. Amends the Illinois State Auditing Act. Provides that the Auditor General shall conduct a compliance audit in accordance with specified provisions of the Statewide Innovation Development and Economy Act. Amends the State Finance Act, the Illinois Municipal Code, the Metro-East Park and Recreation District Act, and the Local Mass Transit District Act. Provides for the transfer of the local sales tax increment to the STAR Bonds Revenue Fund. Amends the Statewide Innovation Development and Economy Act. Creates a New Opportunities for Vacation and Adventure Urban District (NOVA urban district). Sets forth the requirements to be certified as a NOVA urban district. Amends the Illinois Income Tax Act. Creates a credit for rehabilitation costs for qualified historic properties in the Capital City Downtown Medical District. Creates a capital city jobs tax credit. Repeals the Mid-Illinois Medical District Act. Effective immediately. |
| | Current Status: | 4/28/2026 - Referred to Senate Assignments
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| | Recent Status: | 4/28/2026 - FIRST READING
4/28/2026 - Chief Senate Sponsor Sen. Don Harmon
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| | State Bill Page: | HB910 |
| | Notes: | MEGA PROJECTS-PILOTA/O 26 Feb. 2026 HA#1 becomes the operative language capturing ongoing negotiations between the Governor, Legislative Negotiators and the Bears - Freezes property tax assessments on megaprojects
- Allows developers to negotiate payment in lieu of new taxes with local governments
---ANALYSIS--- - Creates a DCEO program allowing certified taxpayers to receive use tax and retailers’ occupation tax exemptions for building materials used in megaprojects. Certificates last up to 10 years and can be renewed for 5 more.
- Establishes a new Retailers’ Occupation Tax deduction for qualifying building material sales tied to Megaproject Building Materials Exemption Certificates.
- Sets procedures for issuing exemption certificates, requires purchasers and retailers to keep documentation, and imposes repayment with penalties for improper use. Contractors must file annual reports by May 31, and DCEO must issue rules within 45 days.
- Creates Division 23 (Megaproject Assessment Freeze and Payment Law) freezing property values at base year levels and defining megaproject components.
- Establishes investment/job thresholds: $500M, $250M + 50 jobs, or $100M + 100 jobs.
- Requires incentive agreements with municipalities and review by a local board using weighted voting among taxing districts.
- Requires a project labor agreement before construction and sets a 20% minority owned business participation goal.
- Requires a municipal payment of at least 10% of prior year property taxes (lower if project exceeds $2B), with rules on distribution.
- Adds reporting, third party verification requirements, and creates a Megaproject Administrator to oversee compliance.
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| HB1361 | INC TX-SMALL BUSINESS CREDIT (REP. DEBBIE MEYERS-MARTIN) Amends the Illinois Income Tax Act. Creates a credit for certain small businesses in an amount equal to the lesser of (i) 10% of the property taxes paid by the qualified small business during the taxable year for eligible real property or (ii) $1,500. Effective immediately. |
| | Current Status: | 5/21/2026 - House Revenue & Finance |
| | Recent Status: | 3/21/2025 - Rule 19(a) / Re-referred to Rules Committee
3/20/2025 - House Revenue & Finance |
| | State Bill Page: | HB1361 |
| | Notes: | TAX CREDIT |
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| HB1441 | CHICAGO LIFEGUARD AGE MINIMUM (REP. LISA HERNANDEZ; SEN. MIKE PORFIRIO) Senate Floor Amendment No. 3 - Replaces everything after the enacting clause. Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated dates of completion of redevelopment projects and the retirement of obligations issued to finance redevelopment project costs for various ordinances adopted by the City of Spring Valley, the City of Mt. Vernon, the City of Centralia, the City of Paris, the Village of Bedford Park, the Village of Summit, the Village of Lisle, the Village of Hoffman Estates, the Village of Mokena, the Village of Seneca, the Village of South Holland, and the Town of Cicero. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after the adoption of the ordinance of December 3, 1993 by the City of Lacon creating the City of Lacon TIF District I. Requires adoption of an ordinance by the City of Lacon extending the completion date of the redevelopment project area to 47 years and providing notice to the taxing bodies that would otherwise constitute the joint review board. Effective immediately |
| | Current Status: | 6/1/2026 - Passed Both Houses
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| | Recent Status: | 6/1/2026 - House Concurs
6/1/2026 - 3/5 Vote Required
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| | State Bill Page: | HB1441 |
| | Notes: | LOCAL GOVERNMENT-Tax Increment Allocation Redevelopment Act- Extends estimated dates of completion of redevelopment projects and the retirement of obligations issues to finance development project costs for various ordinances for the specified cities.
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| HB4206 | CHARITABLE ORG BFY-PROBATE (REP. JENNIFER GONG-GERSHOWITZ; SEN. ROBERT MARTWICK) Creates the Charitable Organization Beneficiary Act. Requires a holder of property in which a charitable organization that is exempt from taxation as a 501(c)(3) entity is a designated beneficiary in a nonprobate instrument (excluding wills or trusts) to notify each charitable organization within 30 business days that it may have a right to the property. Creates a process in which the charitable organization may request that it be given information about the property or that the property be delivered to the charitable organization or both. Provides duties and obligations of the holder of the property. Provides the holder of the property protection from liability for a good faith reliance on the information it receives from a designated beneficiary. Provides remedies against a holder of property for a failure or refusal to provide the requested information or transfer of property if the provisions of the Act are followed. Defines terms.
House Committee Amendment No. 1 - Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes. Requires that the notice of death to the owner of property include the exact language of the beneficiary designation except that the names of any other beneficiaries that are not charitable organizations may be redacted. Provides that nothing in the Act alters the duties of the holder of the property under the Revised Uniform Unclaimed Property Act or the Unclaimed Life Insurance Benefits Act. Requires that the holder of the property must provide notice to each charitable organization listed under the beneficiary designation that the charitable organization may have a right to the property within 45 business days of the death of the owner of the property. Deletes provisions that provide that (i) any right or title acquired from the charitable organization in consideration of the provision of property or information under the Act is not invalid because of an inadvertent misapplication by the charitable organization; and (ii) a transaction and a lien created by a transaction entered into by the charitable organization and anyone acting in reliance on the affidavit under the Act is enforceable against the property. Provides that if the holder of the property fails or refuses to provide the requested property or information within 60 business days after receiving the affidavit, the charitable organization may bring an action against the holder of the property to receive the information about the property or recover the property or compel the delivery of the property. Provides that the court may award reasonable attorney's fees based on the time expended by the attorney to obtain the requested information or payment, delivery, or transfer of the property without regard to the amount of the recovery on behalf of the charitable organization. Deletes the requirement that verification of a charitable organization's authority may not exceed 30 days from the date of delivery of the affidavit.
House Floor Amendment No. 2 - Replaces everything after the enacting clause. Reinserts the provisions of the bill with these changes. Provides that a "beneficiary designation" means a provision in an instrument designating a beneficiary, other than in a will or an instrument creating a trust, and may also mean the instrument itself, including, but not limited to, any of the following: (1) a demand deposit, savings deposit, time deposit or other account or instrument on which the holder is directly liable with a designation for payment upon death or other nonprobate designation making it transferable on death; (2) a security registered in beneficiary form; or (3) a pension, profit-sharing plan, retirement account such as an IRA, 401(k), 403(b), or other employment-related benefit plan. Excludes from this definition a beneficiary made as part of an annuity or an insurance policy. Amends the Unclaimed Life Insurance Benefits Act. Requires an insurer within 120 days after being contacted by the charitable beneficiary to: (1) determine whether the charitable organization has a right to the proceeds of the policy, annuity contract, or a retained asset account; (2) provide a general description of the policy, annuity contract, or a retained asset account that may be held for the benefit of the charitable organization and the exact language of the beneficiary designation; and (3) include information that verifies whether the insurer has already obtained the official death certificate or documentation needed to verify the death of the insured, annuitant, or retained asset account holder. Provides that if the holder of property maintains it is prohibited from paying, delivering, or transferring the property listed under a beneficiary designation to a charitable organization due to requirements under federal law, the holder of the property shall (1) explain in writing the reason why the property cannot be paid, delivered, or transferred to the charitable organization; and (2) take all actions necessary in order to facilitate payment, delivery, or transfer of the property in compliance with this Act. Provides that if a holder of property fails or refuses to comply with the Act, the court may award a charitable organization, among other relief, a penalty in an amount determined by the court up to $10,000 only if the court finds that the holder of the property engaged in bad faith or willful misconduct. Excludes not-for-profit organizations that are the irrevocable sole beneficiary of a life insurance policy covered by the Illinois Insurance Code. Requires an insurer to provide within 120 days the appropriate claims forms or instructions to a holder of property under the Charitable Organization Beneficiary Act. Makes structural changes. Amends the Illinois Insurance Code. Provides that if due proof of death requires a certified copy of the death certificate, then no more than one beneficiary is required to submit a certified copy of the death certificate. |
| | Current Status: | 6/12/2026 - Sent to Governor for Signature
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| | Recent Status: | 5/14/2026 - Passed Both Houses
5/14/2026 - Third Reading - Passed; 058-000-000
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| | State Bill Page: | HB4206 |
| | Notes: | NON-PROFITS-LEGACY IMPACT THROUGH FINANCIAL TRANSFERS See SB 2748 |
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| HB4263 | GRATUITY ALLOWANCE-HOME RULE (REP. CURTIS TARVER, II) Amends the Minimum Wage Law. Provides that the regulation of allowances for gratuities as part of the hourly wage rate is an exclusive power and function of the State. Provides that a home rule unit may not regulate allowances for gratuities as part of the hourly wage rate. Effective immediately. |
| | Current Status: | 4/17/2026 - Rule 19(a) / Re-referred to Rules Committee
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| | Recent Status: | 4/17/2026 - House Bills on Second Reading
4/16/2026 - House Bills on Second Reading
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| | State Bill Page: | HB4263 |
| | Notes: | TIPPED CREDIT-Home Rule Preemption |
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| HB4537 | LOC GOV-CREDIT CARD AGREEMENTS (REP. CURTIS TARVER, II; SEN. CELINA VILLANUEVA) Senate Floor Amendment No. 2 - Replaces everything after the enacting clause. Amends the Property Tax Code. Provides that a county, as trustee, may elect to acquire or sell tax delinquent property. Provides that, when the county, as trustee, files a petition for one or more delinquent tax liens or certificates, the county may request that the court issue a tax deed to the county without holding a judicial tax deed auction. Provides that the Order for Issuance of Tax Deed shall also include an order for the county to offer each parcel acquired by the county in this manner for sale at a public tax deed auction. Contains provisions concerning the public tax deed auction. Provides for the creation of a surplus equity fund and the imposition of a surplus equity fee. Provides that the owner of property who sustains loss or damage by reason of the issuance of a deed at a tax deed auction shall have the right to recover surplus equity that was lost in the property through an award of indemnity. Contains other provisions. Amends the Mobile Home Local Services Tax Enforcement Act. Contains provisions concerning notice if a distressed property is at risk of loss for the non-payment of real estate taxes. Effective immediately.
Senate Floor Amendment No. 3 - Provides that provisions concerning orders for a judicial tax deed apply only to matters concerning tax certificates issued on or after the effective date of the amendatory Act. |
| | Current Status: | 5/30/2026 - Passed Both Houses
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| | Recent Status: | 5/30/2026 - House Concurs
5/30/2026 - Senate Floor Amendment No. 3 House Concurs 080-035-000
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| | State Bill Page: | HB4537 |
| | Notes: | TAX-Property Tax OmnibusSummary: Legislation designed to address 2023 SCOTUS (in re: Tyler) decision that provided certain property tax sales processes in various state are unconstitutional when the property tax owner is not fairly compensated for the equity that may be lost through delinquent property tax sale process. Illinois was one of those states that were not in compliance with SCOTUS opinion. Under HB 4537, which was a heavily negotiated bill between the tax purchasing industry, PTAX state and local agencies, and other stakeholders, the bill seeks to provide at least a partial remedy to the issues around lost equity. The bill provides the following: - Creates a permissive process wherein a county may elect to acquire or sell tax delinquent property. Under this process, the county would purchase the property from a delinquent tax property owner and seek to provide surplus funds owed to the former property owner (save the cumulative costs incurred by the county). There is prescribed new county tax deed auction procedures, new bidding procedures, notice requirements, minimum bidding rules, adjournment, payment of winning bids, marketability of title, and disbursement of surplus fund processes.
- Under the new procedures, outlines different processes for sales conducted in Cook County and all other counties. Provides that in Cook County, 6 tax sales be conducted prior to offer to purchase or otherwise acquire for the total tax amount due all properties offered at a tax sale conducted pursuant to a judgment and order for tax sale issued.
- The bill creates a new Pilot Program for Acquisition of Tax Certificates in Cook County and creates a permissive process in all other counties. Allows the county to acquire tax certificates for up to 100 properties offered at an annual tax sale that meet certain criteria.
- Lastly, the bill outlines new Surplus Equity Fund requirements.
- Requires the payment of a nonrefundable $20 fee paid by tax purchasers for each item purchased. Adds a 5% purchasing fee for total taxes, interest, and penalties (up to $1.000). Adds an $80 purchasing fee to be paid to the county collector.
- Outlines the provisions for payments made for a Surplus Equity Fund.
- Outlines new public notices and notice-mailing requirements to alert property owners of the implications of the new property tax sales process.
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| HB5065 | FILM TAX CREDIT-PRODUCTIONS (REP. CURTIS TARVER, II) Amends the Live Theater Production Tax Credit Act. Provides that a pre-Broadway production must have a presentation scheduled for Broadway's Theater District in New York City no later than 18 months after its Illinois presentation (currently, must have a goal of having a presentation scheduled for Broadway's Theater District in New York City after its Illinois presentation). Provides that, if, in any State fiscal year, less than $2,000,000 in credits are awarded for long-run productions and pre-Broadway productions under the Act, then the difference between $2,000,000 and the amount of credits awarded for long-run productions and pre-Broadway productions in that fiscal year may be added to the $2,000,000 in credits allowed to be awarded for commercial Broadway touring shows in that State fiscal year. Amends the Illinois Income Tax Act. Extends the sunset of the live theater production credit until January 1, 2039 (currently, January 1, 2027). Effective immediately. |
| | Current Status: | 4/17/2026 - Rule 19(a) / Re-referred to Rules Committee
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| | Recent Status: | 4/17/2026 - House Bills on Second Reading
4/16/2026 - House Bills on Second Reading
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| | State Bill Page: | HB5065 |
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| HB5125 | REVENUE-CREDITS-DEDUCTIONS (REP. LINDSEY LAPOINTE) Amends the Enterprise Zone Act. Provides that certain credits related to high impact businesses do not apply on or after the effective date of the amendatory Act. Amends the Illinois Income Tax Act. Provides that a construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Provides that a high impact business construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Makes changes concerning the business interest deduction. Creates an addition modification for the federal deduction for domestic research or experimental expenditures. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Makes changes concerning incentives for biodiesel, renewable diesel, and biodiesel blends. Makes other changes. |
| | Current Status: | 5/7/2026 - House Revenue & Finance |
| | Recent Status: | 5/5/2026 - Motion to Suspend Rule 21 - Prevailed 005-000-000
5/5/2026 - Motion Filed to Suspend Rule 21 Rules Committee; Rep. Kam Buckner
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| | State Bill Page: | HB5125 |
| | Notes: | 'CORPORATE LOOPHOLE CLOSURE BILL'- Progressive Revenue Proposal
- Eliminates the sales tax exemption for production related tangible personal property.
- Eliminates the preferential sales tax treatment of biodiesel and renewable diesel.
- Decouples from the changes to Section 174A and requires taxpayers to amortize Section 174A R&E deductions over 5 years.
- Repeals the historic tax credit in River Edge Redevelopment Zones
- Eliminates the construction jobs tax credit for enterprise zones, high impact businesses, and similar programs
- ---Closing loopholes in H.R. 1-One Big Beautiful Bill---
- Decouples from Federal IRC-Sections
- 174(a) R&D expiration
- 163(j) Changes
- 179 increases
- 1202 qualified small business stock gain
- See Parallel Legislation=SB 3796
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| HB5191 | INC TX-ENTITY BASE (REP. MARGARET CROKE) Amends the Illinois Income Tax Act. In provisions concerning the entity-level tax, provides that a partnership making an entity-level tax election may elect to determine its tax base using a full distributive share method or an Illinois-sourced income method. Effective immediately. |
| | Current Status: | 3/27/2026 - Rule 19(a) / Re-referred to Rules Committee
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| | Recent Status: | 3/26/2026 - House Revenue & Finance3/19/2026 - House Income Tax Subcommittee |
| | State Bill Page: | HB5191 |
| | Notes: | TAX-Pass-Through-Entity- Provides flexibility to taxpayers who use Pass-Through Entity Tax Election
- Allows the partnership to elect whether to have IL Residents pay IL PTE at 100% or IL-apportioned
- A nice option rather than mandating one methodology for all partners.
- ICPAS ok as long as this does not morph into mandating 100% for Residents (which these bills would not)
- Initiative by State Chamber of Commerce and IL Manufacturers Association
- Reviewer's note-a version of this surfaced late in the Veto Session. While our initial analysis was the same of do no harm, we did not advocate for expanding our position of extending the PTE option which was permanently extended. The difference between the earlier version which did not allow for an option and now with this version, it is optional.
- See Senate Parallel Bill SB 3799
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| HB5215 | MARK-TO-MARKET TAX ACT (REP. THERESA MAH) Creates the Extremely High Wealth Mark-to-Market Tax Act. Provides that a resident taxpayer with net assets worth $1,000,000,000 or more shall recognize gains or losses as if each asset owned by that taxpayer had been sold for its fair market value on December 31 of the taxable year. Contains provisions concerning the calculation of the amount of tax due from those gains or losses. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately. |
| | Current Status: | 5/6/2026 - House Revenue & Finance |
| | Recent Status: | 3/27/2026 - Rule 19(a) / Re-referred to Rules Committee
3/26/2026 - House Revenue & Finance |
| | State Bill Page: | HB5215 |
| | Notes: | HIGH WEALTH MARK-TO-MARKET TAX - Expands the definition of net income for purposes of the individual income tax to include unrealized gains for residents with assets worth more than $1B.
- See Parallel Bill=SB3376
- ---ANALYSIS---
- This has been attempted before and failed
- It’s a very bad idea and most likely could not be administered
- You can figure out the change in value year-to-year for publicly traded stocks, but for any asset that isn’t publicly traded or for which there isn’t an active market there will be all kinds of valuation fights that the Illinois Department of Revenue doesn’t have the expertise to get involved in
- How do you value office buildings, closely held corporations, etc.
- Ergo concerns raised above, this version is drafted better than previous versions
- This proposal makes it a part of the Illinois income tax act and is taxed under the IAPA. In the earlier versions, it was handled differently.
- From a quick review, it appears that in a year in which the net value of someone’s assets subject to this tax goes down they don’t get to add that negative number and then offset that amount against their regular income tax liability.
- It could be challenged as an improper graduated income tax
- See Warren Buffett’s critique of mark-to-market tracking of income for financial accounting purposes in the 2017 Berkshire annual report “…a new accounting rule — a generally accepted accounting principle (GAAP) — that in future quarterly and annual reports will severely distort Berkshire’s net income figures and very often mislead commentators and investors.
- The new rule says that the net change in unrealized investment gains and losses in stocks we hold must be included in all net income figures we report to you. That requirement will produce wild and capricious swings…”
- This is mark-to-market accounting.
- Using as an income tax purpose is a bad idea
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| HB5237 | LOCAL GOV-PREEMPT TAX (REP. ANTHONY DELUCA) Amends the Counties Code and the Illinois Municipal Code. Provides that neither a county nor a municipality may impose a tax on businesses calculated based on the number of employees of the business. Effective immediately. |
| | Current Status: | 4/17/2026 - Rule 19(a) / Re-referred to Rules Committee
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| | Recent Status: | 4/17/2026 - House Bills on Second Reading
4/16/2026 - House Bills on Second Reading
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| | State Bill Page: | HB5237 |
| | Notes: | MUNICIPAL HEAD TAX PREEMPTION- Preempts any municipality from imposing a tax not authorized by state law
- Prevents Chicago from imposing a Corporate Head Tax
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| HB5318 | INC TAX-COMBINED REPORTING (REP. MAURICE WEST, II) Amends the Illinois Income Tax Act. Provides that provisions of the Act that provide that a taxpayer's unitary business group does not include members whose business activity outside the United States is 80% or more of the member's total business activity apply only for taxable years ending before January 1, 2027. Makes corresponding changes to deductions and addition modifications concerning those members of the unitary business group. Provides that, with respect to the term "foreign person", "United States" means the 50 states of the United States, the District of Columbia, the territories and possessions of the United States, and any area over which the United States has asserted jurisdiction or claimed exclusive rights with respect to the exploration for or exploitation of natural resources. Adds provisions concerning joint and several liability of members of a combined reporting group. Effective immediately. |
| | Current Status: | 3/27/2026 - Rule 19(a) / Re-referred to Rules Committee
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| | Recent Status: | 3/26/2026 - House Revenue & Finance3/19/2026 - House Revenue & Finance |
| | State Bill Page: | HB5318 |
| | Notes: | WORLDWIDE COMBINED REPORTING- Progressive Revenue Proposal
- An attempt to create a worldwide combined reporting requirement
- Eliminates 80/20 Rule of the Internal Revenue Code
- see p. 111-unworkable how a taxpayer handle not part of federal consolidated
- Starting 2026 Tax Year
- See Parallel Bill-SB 3486
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| HB5470 | DCEO-VARIOUS (REP. YOLONDA MORRIS; SEN. PAUL FARACI) Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that provisions requiring the Department of Commerce and Economic Opportunity's official website to contain a comprehensive list of State, local, and federal economic benefits available to businesses in each of the State's counties and municipalities are repealed on July 1, 2026. Provides that the following reports shall be filed on or before January 31 of each year (instead of January 1): a report on entrepreneurial assistance centers; reports on the Enterprise Zone Loan Fund and the Large Business Attraction Fund; and reports concerning cannabis social equity. Amends the Southeastern Illinois Economic Development Authority Act. Makes changes concerning the membership of the Board of the Southeastern Illinois Economic Development Authority. Amends the Illinois Income Tax Act. Extends the sunset for the apprenticeship education expense tax credit, the research and development tax credit, the angel investment tax credit, and the River Edge Redevelopment Zone tax credit. Effective immediately.
House Floor Amendment No. 1 - Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill. Repeals the Opportunities for At-Risk Women Act. Adds provisions to the introduced bill amending the Illinois Council on Women and Girls Act. Provides that the Illinois Council on Women and Girls may create a Subcommittee on Opportunities for Women At Risk of Being Justice Impacted. Sets forth the duties of the subcommittee. Adds provisions to the introduced bill amending the Music and Musicians Tax Credit and Jobs Act. Changes references from "taxable year" to "calendar year". Makes changes concerning reports. Further amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Office of Economic Equity and Empowerment may administer assistance that is focused on the revitalization and economic stabilization of urban areas in the State. Makes changes concerning the new business permitting portal. Amends the Energy Assistance Act. Makes changes concerning the membership of the Low Income Energy Assistance Policy Advisory Council. Amends the Illinois Promotion Act. In provisions concerning the Coordinating Committee of State agencies involved with tourism, provides that the Director of Commerce and Economic Opportunity and the Lieutenant Governor may appoint designees to serve on the committee. Further amends the Illinois Income Tax Act. Extends the sunset of the research and development credit until January 1, 2037 (currently, January 1, 2032). Removes provisions of the introduced bill concerning the pass-through entity tax. Effective immediately.
House Floor Amendment No. 2 - Replaces everything after the enacting clause. Reinserts the provisions of House Amendment No. 1 with changes. Removes provisions of the Illinois Power Agency Act extending a home rule preemption concerning taxes or fees related to the generation of electricity. Removes provisions extending the following income tax credits: (1) the research and development credit; (2) the angel investment credit; (3) the apprenticeship education expense credit; and (4) the River Edge Redevelopment Zone credit. Effective immediately. |
| | Current Status: | 5/28/2026 - Passed Both Houses
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| | Recent Status: | 5/28/2026 - Third Reading - Passed; 059-000-000
5/28/2026 - THIRD READING Passed Third Reading in the Senate by 059-000-000.
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| | State Bill Page: | HB5470 |
| | Notes: | DECO Pass-Through Entity Tax A/O 16 April 2026, HA#2 is gut and replace. Of interest that the amendment eliminates the sunset extension of specified tax credits. These sunsetting dates will be addressed in the Revenue Omnibus Legislation passed in the closing days of the Spring Session. A/O 30 March 2026, the amendment remedies our concerns and address the drafting oversight of the original legislation - This legislation as introduced would have sunset the pass-through entity tax in 2036
- This was a mistake, as the intention was to extend the research and development tax credit
***BREAK***BREAK*** - This is an initiative of DECO and makes technical changes to the Music and Musicians Tax Credits and Jobs Act.
- Extends the home rule limitation that prevents a home rule unit of government from imposing new taxes or fees related to the generation of electricity and other related activities until 2033
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| HB5615 | PROPERTY RECORDS-HOUSING (REP. MARY BETH CANTY) Specifies that the amendatory Act may be referred to as the Affordability Crisis in Housing Act. Amends the Financial Institutions Act. Requires that the Department of Financial and Professional Regulation establish, maintain, and publish on its website a registry of nominees of mortgagees. Amends the Counties Code. Requires each county board to adopt revisions to its predictable fee schedule to include an additional $150 fee for a nominee of a mortgagee to record a mortgage, including an assignment, extension, amendment, or subordination, beginning no later than one year after the effective date of the amendatory Act. Creates an exception for the recording of a release of mortgage by the nominee of the mortgagee. Provides that of the additional $150, $120 is to be collected by the county as an additional Rental Housing Support Program State surcharge and deposited into the Rental Housing Support Program Fund, and $30 is to be collected by the county as a county fee with $25 to be used by the county for development and maintenance of its affordable housing capacity and $5 to be deposited into the recorder's special funds created to defray the cost of providing electronic or automated access to the county's property records. Amends the Code of Civil Procedure. Provides that a lien is not created if a nominee of a mortgagee fails to provide the recorder with the cover sheet required to accompany a mortgage under the Conveyances Act. Amends the Conveyances Act. Requires that all mortgages or assignments of mortgage recorded by or for a nominee must be recorded with a cover sheet explaining any fees that are charged, the identity of the nominee of the mortgagee, and the process that may be used by the mortgagor to track the mortgage. |
| | Current Status: | 5/21/2026 - House Revenue & Finance |
| | Recent Status: | 3/27/2026 - Rule 19(a) / Re-referred to Rules Committee
3/26/2026 - House Revenue & Finance |
| | State Bill Page: | HB5615 |
| | Notes: | MORTGAGE RECORDING FEE-Affordable Housing Revenue Stream $150 Mortgage Recording Fee to provide a revenue stream to fund affordable housing initiative. See Companion SB 3703 |
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| HB5784 | CANNABIS OMNIBUS (REP. WILL GUZZARDI) Creates the CBD Consumer Products Act, prohibiting the sale or distribution of hemp-derived cannabinoid products for human or animal consumption unless sold by a registered CBD product registrant. Amends the Department of Professional Regulation Law to add confidentiality references to the Office of the Executive Inspector General and the State Officials and Employees Ethics Act. Amends the Criminal Identification Act to update the definition of "minor cannabis offense." Updates the name of the Local Cannabis Retailers' Occupation Tax Trust Fund and removes a tax exemption for CBD food products. Provides for public tax-revenue reporting. Prohibits home rule counties and municipalities from taxing cannabis. Amends the Compassionate Use of Medical Cannabis Program Act to update definitions, add references to additional patient categories, allow certain intergovernmental agreements, and permit purchases at any licensed dispensing organization. Makes related changes to registration, identification cards, confidentiality, and taxes; repeals the Social Equity Justice Involved Medical Lottery. Amends the Cannabis Regulation and Tax Act regarding definitions, business development, social equity loans and fee waivers, possession limits, minors, licensing, operations, investigations, security, and testing, and adds provisions concerning medical cannabis licenses, relocation, storage endorsements, warning labels, and pickup or drive-through. Amends the Industrial Hemp Act, Cannabis Control Act, and the Tobacco Accessories and Smoking Herbs Control Act. Makes technical and other changes. Effective immediately. |
| | Current Status: | 5/29/2026 - House Committee Amendment No. 1 Referred to Rules Committee
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| | Recent Status: | 5/29/2026 - House Committee Amendment No. 1 Filed with Clerk by Rep. Will Guzzardi
5/28/2026 - Assigned to House Executive
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| | State Bill Page: | HB5784 |
| | Notes: | CANNABIS OMNIBUS-CBD Consumer Products Act- HA#1 becomes the legislation
- Regulates the sale and distribution of intoxicating hemp products.
- See Companion-SB 20 SA#1
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| HB5792 | MUNI CD-TICKET RESALE TAX (REP. SONYA HARPER) Amends the Illinois Municipal Code. Provides that the corporate authorities of a municipality may impose a tax upon all persons engaged in the business of acting as a resale facilitator within the municipality. Provides that the tax may not be imposed on (i) the original sale of a ticket or license by the owner, operator, or manager of an amusement, either directly or through a third party; (ii) the resale of a ticket or license to a ticket broker registered with the Office of the Secretary of State under the Ticket Sale and Resale Act; or (iii) the resale of a ticket or license by a ticket broker to another ticket broker registered with the Office of the Secretary of State under the Ticket Sale and Resale Act. |
| | Current Status: | 5/26/2026 - Referred to House Rules
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| | Recent Status: | 5/26/2026 - FIRST READING
5/26/2026 - Filed with the Clerk by Rep. Sonya M. Harper
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| | State Bill Page: | HB5792 |
| | Notes: | MUNICIPALITIES-Tax Resale Facilitator- Authorizes corporate authorities to impose a tax on all persons engaged in the bgusiness of acting as a resale facilitator withing the municipality.
- Tax may not be imposed on the original sale of a ticket or license by owner either directly or through a third party,
- The resale of a ticket or license to a ticket broker registered with the Secretary of State
- The resale of a ticket or license by a ticket broker to another ticket broker registered with the Secretary of State.
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| HB5794 | ANTI-WEAPONIZATION FUND TAX (REP. BOB MORGAN) Creates the Anti-Weaponization Fund Tax Act. Imposes a tax upon any resident of the State who receives compensation from the Anti-Weaponization Fund established by the United States Department of Justice as a result of the settlement agreement in Trump v. Internal Revenue Service in an amount equal to 100% of that compensation. Contains provisions concerning returns. Provides that the proceeds from the tax shall be deposited into the General Revenue Fund. Effective immediately. |
| | Current Status: | 5/27/2026 - Referred to House Rules
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| | Recent Status: | 5/27/2026 - FIRST READING
5/27/2026 - Filed with the Clerk by Rep. Bob Morgan
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| | State Bill Page: | HB5794 |
| | Notes: | STATE TAX-Anti Weaponization Fund- Creates a 100% state tax on any federal payments connected to the above cited fund maintained by the US Dept. of Justice
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| SB20 | HEMP CONSUMER PRODUCTS (SEN. KIMBERLY LIGHTFORD) Creates the Hemp Consumer Products Act. Sets forth provisions concerning definitions; prohibitions and compliance; applications and licensing for hemp consumer product manufacturers; requirements for licensees; registration of hemp consumer CBD products; requirements of hemp consumer CBD products; packaging and labeling of hemp consumer CBD products; testing requirements; marketing and sale of hemp consumer CBD products; penalties; the administration and enforcement of the Act and rulemaking, including emergency rulemaking, by the Department of Agriculture; and other matters. Amends the Cannabis Regulation and Tax Act. Provides that a violation of provisions concerning unlicensed practice is an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Sets forth penalties for unlicensed practice as a cultivation center, infuser, or craft grower. Sets forth provisions concerning the use of hemp in cannabis-infused products. Allows a craft grower and infuser to purchase a hemp-derived intoxicating product from a hemp consumer product manufacturer and offer a hemp-derived intoxicating product for sale to another cannabis establishment, after which the product is considered cannabis and the craft grower or infuser must ensure the product meets all the requirements of the Act. Makes other changes. Amends the Illinois Administrative Procedure Act, the Illinois Procurement Code, the State Finance Act, the Industrial Hemp Act, the Cannabis Control Act, and the Consumer Fraud and Deceptive Business Practices Act to make conforming changes. Effective immediately. |
| | Current Status: | 6/1/2026 - Rule 3-9(a) / Re-referred to Assignments
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| | Recent Status: | 5/31/2026 - Senate Bills on Second Reading
5/30/2026 - Senate Bills on Second Reading
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| | State Bill Page: | SB20 |
| | Notes: | CANNABIS OMNIBUS-CBD Consumer Products Act- SA#1 becomes the bill and creates the above cited Act
- See Companion-HB5784
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| SB2744 | INC TX-EMPLOYMENT DISABILITIES (SEN. DARBY HILLS) Amends the Illinois Income Tax Act. Provides that a taxpayer who employs a person with a developmental disability or a severe mental illness, as certified by the Department of Human Services, during the taxable year is entitled to an income tax credit in an amount equal to 25% of the wages paid by the taxpayer to the person with a developmental disability or severe mental illness, but not to exceed $6,000 in wages paid during the taxable year to any single qualified employee. Effective immediately. |
| | Current Status: | 5/22/2026 - Rule 3-9(a) / Re-referred to Assignments
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| | Recent Status: | 5/20/2026 - Senate Revenue5/15/2026 - Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
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| | State Bill Page: | SB2744 |
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| SB2760 | LGDF-WAGERING (SEN. PATRICK JOYCE) Amends the State Revenue Sharing Act. Provides that, if a municipality imposes fees, surcharges, or other costs for the privilege of conducting or participating in sports wagering, then the total amount of those fees, surcharges, or other costs shall be deducted from that municipality's Local Government Distributive Fund allocation and redistributed to the other municipalities and counties in this State in accordance with the Local Government Distributive Fund allocation formula. |
| | Current Status: | 5/22/2026 - Rule 3-9(a) / Re-referred to Assignments
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| | Recent Status: | 5/22/2026 - Rule 3-9(a) / Re-referred to Assignments
5/15/2026 - Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
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| | State Bill Page: | SB2760 |
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| SB3019 | FINANCE-AGRICULTURAL BORROWER (SEN. CELINA VILLANUEVA; REP. CURTIS TARVER, II) House Floor Amendment No. 1 - Replaces everything after the enacting clause. Creates the Targeted Advertising Services Tax Act. Provides that a tax is imposed upon providers of targeted advertising services at the rate of 10% of the gross receipts derived from such targeted advertising services provided in this State. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Amends the Business Corporation Act of 1983. Imposes a social media platform fee. Amends the Illinois Coal Technology Development Assistance Act. Provides that certain amounts required to be transferred into the Coal Technology Development Assistance Fund from the General Revenue Fund shall be directly deposited into the Coal Technology Development Assistance Fund instead. Amends the Illinois Income Tax Act. Provides that certain tax checkoff amounts shall be deposited directly into the specified funds. Amends the Environmental Protection Act. Makes changes concerning certain fees imposed with respect to the sale of new or used tires. Amends the Hotel Operators' Occupation Tax Act. Defines "hotel marketplace" and "hotel marketplace facilitator". Provides that hotel marketplace facilitators that meet specified tax remittance thresholds are considered to be hotel operators for the purposes of the taxes under the Act. Provides that a marketplace facilitator that is considered a hotel operator is required to remit the applicable taxes under the Act and any local hotel operators' occupation taxes administered by the Department of Revenue on all rentals, leases, or lettings of Illinois hotel rooms made by the hotel marketplace facilitator or facilitated for marketplace hotel operators to guests. Contains provisions concerning re-renters. Amends the Illinois Income Tax Act. Provides that, if a late discretionary hearing for a revised final assessment has been granted after a lien has attached, then the lien shall remain in full force except to the extent to which the final assessment may be reduced by a revised final assessment following the hearing or review. Repeals the Messages Tax Act. Makes changes concerning cross-references to that Act. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act, and various Acts imposing local use and occupation taxes to replace references to "alcoholic beverages" with "alcoholic liquor taxable under a specified provision of the Liquor Control Act of 1934". Makes technical changes concerning incorporation of provisions of the Retailers' Occupation Tax Act into various other Acts. Amends the Illinois Gambling Act. Makes changes to provisions concerning gaming at a temporary facility. Makes changes concerning the privilege tax imposed on persons engaged in the business of conducting gambling operations. Amends the Sports Wagering Act. Makes changes concerning the privilege taxes imposed under the Act Amends the Illinois State Auditing Act. Provides that the Auditor General shall conduct a compliance audit in accordance with specified provisions of the Statewide Innovation Development and Economy Act. Amends the State Finance Act, the Illinois Municipal Code, the Metro-East Park and Recreation District Act, and the Local Mass Transit District Act. Provides for the transfer of the local sales tax increment to the STAR Bonds Revenue Fund. Amends the Illinois Income Tax Act. In provisions concerning the entity-level tax, provides that a partnership making an entity-level tax election may elect to determine its tax base using a full distributive share method or an Illinois-sourced income method. Amends the Motor Fuel Tax Law. Pauses certain rate adjustments. Makes other changes. Amends the Reimagining Energy and Vehicles in Illinois Act. Provides that the Department of Commerce and Economic Opportunity shall not enter into any new agreements under the Act after December 31, 2028 (instead of December 31, 2027). Effective immediately, except that certain provisions take effect on July 1, 2026.
House Floor Amendment No. 2 - Provides that the Digital Asset Privilege Tax Act shall be renamed the Digital Asset Tax Act. Provides that provisions concerning vegetative filter strip assessment are repealed on December 31, 2031 (rather than removing the repeal language). Makes technical corrections. Further amends the Illinois Municipal Code. Provides that the corporate authorities of a municipality that imposes certain taxes shall prepare annual reports, shall publish those reports in a local newspaper of general circulation in the municipality or by publication on the municipality's Internet website, and shall transmit the reports to the State Comptroller. Provides that the pause in the increase under the Motor Fuel Tax Law applies until January 1, 2027 (rather than June 30, 2027). |
| | Current Status: | 6/10/2026 - Sent to Governor for Signature
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| | Recent Status: | 6/1/2026 - 3/5 Vote Required
6/1/2026 - Passed Both Houses
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| | State Bill Page: | SB3019 |
| | Notes: | FY 27 STATE BUDGET PACKAGE-Revenue Omnibus Bill Provides for $900M additional tax revenues for the FY 27 State Operating Budget - $200M-$800M- Social Media Platform Fee-Imposes a graduated social media platform fee to be administered by the Secretary of State. The bill precludes platforms from passing the fee on to users. (p. 38)
- Targeted Advertising Services Tax (p.1)
- ---HA#1 creates the Targeted Advertising Services Tax Act
- ---Tax rate @ 10% gross receipts derived from targeted advertising services derived in this state
- Digital Asset Tax-Tax on the privilege of receiving any digital asset business activity by a customer at a rate of 0.2% of the value of the digital asset business activity relates. (p.23)
- Net Operating Losses-Restricts NOLS to $500,000 or 15% of net income, whichever is greater, for the 2027 tax year. Escalated percentage increase annual until it reaches 80% in 2031. (p.45)
- Late Discretionary Hearings-If DOR grants a late discretionary hearing, any income tax liens that have been attached remain in full force for the duration of the hearing. (p.48)
- Motor Fuel Tax Increase Suspension-Suspends the 1.3cent motor fuel tax increase that is scheduled to take effect on 7/1. Next scheduled increase-1/1/27.(p.50)
- Hotel Operator's Occupation Tax Marketplace Facilitators Tax-Introduces the marketplace facilitator model to the Hotel Operator's Occupation Tax Act. Requires hotel marketplace facilitators to collect and remit to DOR the applicable hotel operator's occupation taxes administered by the department. (p.64)
- Senior Citizens Real Estate Tax Deferral (p.90)
- Messages Tax Act (p.125)
- Private Party Motor Vehicle Use Tax (p. 566)
- Liquor Registration (p. 580)
- Cigarette Taxes (p. 581)
- Tobacco Products Tax (p. 932)
- Section 1202 (p. 992)
- Sports Wagering-Expands the Sports Wagering Act to include contracts, swaps and other agreements related to a sporting contest or event. Creates a 1.75% transaction tax to each exchange wager. (p.1281)
- DuPage County Hotel Tax (p.1528)
- Pass Through Entity Tax-Allows partnerships to elect t pay the pass-through entity tax on their full distributive rather than on their Illinois sourced income. (p.1331)
- $150M gas tax revenues diverted from Mass Transit to fund new social programs (p. 1477)
- 15% Tax on post payout revenues for companies that operate fantasy sports contest
- $79 Million from tax on candy, soft drinks and grooming products from capital construction projects to state operating budget.
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| SB3169 | REVENUE-AFFORDABLE HOUSING (SEN. GRACIELA GUZMÁN) Amends the Hotel Operators' Occupation Tax Act. Imposes a tax upon hosting platforms that facilitate the renting, leasing, or letting of short-term rentals. Provides that the tax is imposed at the rate of 4% of 94% of the gross rental receipts received by the platform from the renting, leasing, or letting of short-term rentals in this State. Provides that the proceeds from the tax shall be deposited into the Community Land Trust Fund. Amends the State Finance Act to create the Community Land Trust Fund. Amends the Property Tax Code. Provides that property that is owned by a non-profit community land trust and that is used exclusively for the creation and maintenance of permanently affordable single-family or multifamily residences is exempt beginning with the taxable year in which the property is acquired by the community land trust and continuing through the taxable year in which the property is sold to a homeowner. Effective immediately. |
| | Current Status: | 5/22/2026 - Senate Committee Amendment No. 3 Rule 3-9(a) / Re-referred to Assignments
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| | Recent Status: | 5/22/2026 - Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments
5/22/2026 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
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| | State Bill Page: | SB3169 |
| | Notes: | HOTEL TAX-Affordable Housing |
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| SB3222 | VIDEO STREAMING AD VOLUME (SEN. KIMBERLY LIGHTFORD; REP. WILL GUZZARDI) House Floor Amendment No. 2 - Replaces everything after the enacting clause. Creates the Illinois Hemp Act. Prohibits the sale, distribution, manufacture, or production of hemp products without authorization or required licensing. Provides for penalties and recalls, as well as enforcement under the Consumer Fraud and Deceptive Business Practices Act. Creates the Illinois Hemp Regulatory Fund. Dissolves the Industrial Hemp Regulatory Fund. Limits home rule powers. Amends various Acts, including the Department of Professional Regulation Law, the Criminal Identification Act, the State Finance Act, the Illinois Procurement Code, and various tax Acts, to make conforming and technical changes related to cannabis and hemp taxation and regulation. Amends the Compassionate Use of Medical Cannabis Program Act. Makes changes in provisions concerning definitions, patients and caregivers, confidentiality, dispensing organizations, identification cards, and taxes. Adds references to infuser organizations. Repeals provisions concerning the Social Equity Justice-Involved Medical Lottery. Amends the Cannabis Regulation and Tax Act. Updates definitions and modifies provisions regarding social equity loans and grants, possession limits, age restrictions, licenses, operational requirements, penalties, laboratory testing, confidentiality, and taxes. Authorizes the Department of Financial and Professional Regulation to issue or update medical and adult-use dispensing organization licenses and to issue cease and desist orders. Eliminates the repeal date for the Community College Cannabis Vocational Program. Requires warning labels for medical cannabis and repeals certain cultivator and craft grower tax provisions. Amends the Industrial Hemp Act, changes definitions and requirements, and provides for the repeal of the Act. Makes related changes to the Illinois Vehicle Code, the Cannabis Control Act, and the Tobacco Accessories and Smoking Herbs Control Act. Amends the Consumer Fraud and Deceptive Business Practices Act. Incorporates violations of the Illinois Hemp Act and related cannabis provisions. Makes other changes. Effective immediately, except that creation of the Illinois Hemp Act and repeal of the Industrial Hemp Act take effect November 12, 2026. |
| | Current Status: | 6/12/2026 - Public Act . . . . . . . . . 104-0463
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| | Recent Status: | 6/12/2026 - GOVERNOR APPROVED
6/10/2026 - Sent to Governor for Signature
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| | State Bill Page: | SB3222 |
| | Notes: | CANNABIS/HEMP PRODUCTS REGULATION- SA#2 becomes the bill
- Low THC Hemp Products
- Brings intoxicating hemp closer to Illinois' cannabis market regulations
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| SB3353 | DIGITAL AD TAX ACT (SEN. ROBERT PETERS) Creates the Digital Advertising Tax Act. Imposes a tax on the portion of a person's annual gross revenue that is derived from digital advertising services in the State if the person's total revenue derived from digital advertising in the State exceeds $150,000,000. Provides that the tax is imposed at the rate of 10% of the annual gross revenues derived from digital advertising services in the State. Effective immediately. |
| | Current Status: | 5/6/2026 - Senate Revenue |
| | Recent Status: | 2/4/2026 - Referred to Senate Assignments
2/4/2026 - FIRST READING
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| | State Bill Page: | SB3353 |
| | Notes: | DIGITAL ADVERTISING TAX- Progressive Revenue Proposal
- Imposes 10% tax on digital advertising gross receipts for companies that receive more than $150M in Illinois receipts
- Problems with sourcing that would make this difficult to administer
- See Parallel Bill=HB4894
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| SB3376 | MARK-TO-MARKET TAX ACT (SEN. KARINA VILLA) Creates the Extremely High Wealth Mark-to-Market Tax Act. Provides that a resident taxpayer with net assets worth $1,000,000,000 or more shall recognize gains or losses as if each asset owned by that taxpayer had been sold for its fair market value on December 31 of the taxable year. Contains provisions concerning the calculation of the amount of tax due from those gains or losses. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately. |
| | Current Status: | 5/6/2026 - Senate Revenue |
| | Recent Status: | 2/4/2026 - Referred to Senate Assignments
2/4/2026 - FIRST READING
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| | State Bill Page: | SB3376 |
| | Notes: | TAX-HIGH WEALTH MARK-TO-MARKET TAX - Progressive Revenue Proposal
- Expands the definition of net income for purposes of the individual income tax to include unrealized gains for residents with assets worth more than $1B.
- Tax on value of assets
- fold into income 4.95% based on mark-to-market
- issues with valuation
- See Parallel Bill=HB 5215 for details and analysis
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| SB3486 | INC TAX-COMBINED REPORTING (SEN. ROBERT MARTWICK) Amends the Illinois Income Tax Act. Provides that provisions of the Act that provide that a taxpayer's unitary business group does not include members whose business activity outside the United States is 80% or more of the member's total business activity apply only for taxable years ending before January 1, 2026. Makes corresponding changes to deductions and addition modifications concerning those members of the unitary business group. Provides that, with respect to the term "foreign person", "United States" means the 50 states of the United States, the District of Columbia, the territories and possessions of the United States, and any area over which the United States has asserted jurisdiction or claimed exclusive rights with respect to the exploration for or exploitation of natural resources. Adds provisions concerning joint and several liability of members of a combined reporting group. Effective immediately. |
| | Current Status: | 5/6/2026 - Senate Revenue |
| | Recent Status: | 2/27/2026 - Sponsor Removed Sen. Graciela Guzmán
2/5/2026 - Referred to Senate Assignments
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| | State Bill Page: | SB3486 |
| | Notes: | WORLDWIDE COMBINED REPORTING- Progressive Revenue Proposal
- An attempt to create a worldwide combined reporting requirement
- Eliminates 80/20 Rule of the Internal Revenue Code
- see p. 111-unworkable how a taxpayer handle not part of federal consolidated
- Starting 2026 Tax Year
- See Parallel Bill-HB 5318
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| SB3619 | INC TX-HEALTH INSURANCE CREDIT (SEN. CHRIS BALKEMA) Amends the Illinois Income Tax Act. Creates an income tax credit for a qualified employer who makes a qualified contribution toward a health reimbursement arrangement for the qualified taxpayer's employees. Provides that the amount of the credit is $400 per covered employee in the first taxable year and $200 per covered employee in the second taxable year. Effective immediately. |
| | Current Status: | 5/22/2026 - Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments
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| | Recent Status: | 5/22/2026 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
5/22/2026 - Rule 3-9(a) / Re-referred to Assignments
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| | State Bill Page: | SB3619 |
| | Notes: | WORKPLACE-Health Insurance Tax Credit- SA#2
- Provides that a qualified taxpayer that did not provide employer-sponsored health insurance benefits to its employees during previous benefit year is eligible for credit if taxpayer makes a qualified contribution toward a health reimbursement arrangement for each covered employee in the amount equal to at least 50% of the federal QSEHRA max--Sect 9031(d)(2) of IRC.
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| SB3703 | PROPERTY RECORDS-HOUSING (SEN. GRACIELA GUZMÁN) Specifies that the amendatory Act may be referred to as the Affordability Crisis in Housing Act. Amends the Financial Institutions Act. Requires that the Department of Financial and Professional Regulation establish, maintain, and publish on its website a registry of nominees of mortgagees. Amends the Counties Code. Requires each county board to adopt revisions to its predictable fee schedule to include an additional $150 fee for a nominee of a mortgagee to record a mortgage, including an assignment, extension, amendment, or subordination, beginning no later than one year after the effective date of the amendatory Act. Creates an exception for the recording of a release of mortgage by the nominee of the mortgagee. Provides that of the additional $150, $120 is to be collected by the county as an additional Rental Housing Support Program State surcharge and deposited into the Rental Housing Support Program Fund, and $30 is to be collected by the county as a county fee with $25 to be used by the county for development and maintenance of its affordable housing capacity and $5 to be deposited into the recorder's special funds created to defray the cost of providing electronic or automated access to the county's property records. Amends the Code of Civil Procedure. Provides that a lien is not created if a nominee of a mortgagee fails to provide the recorder with the cover sheet required to accompany a mortgage under the Conveyances Act. Amends the Conveyances Act. Requires that all mortgages or assignments of mortgage recorded by or for a nominee must be recorded with a cover sheet explaining any fees that are charged, the identity of the nominee of the mortgagee, and the process that may be used by the mortgagor to track the mortgage. |
| | Current Status: | 5/20/2026 - Senate Revenue |
| | Recent Status: | 2/5/2026 - Referred to Senate Assignments
2/5/2026 - FIRST READING
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| | State Bill Page: | SB3703 |
| | Notes: | Affordability Crisis in Housing Act-Increases mortgage recording fees - Increases mortgage recording fees with a portion dedicated to funding affordable housing
- See companion bill HB 5615
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| SB3796 | REVENUE-CREDITS-DEDUCTIONS (SEN. LAKESIA COLLINS) Amends the Enterprise Zone Act. Provides that certain credits related to high impact businesses do not apply on or after the effective date of the amendatory Act. Amends the Illinois Income Tax Act. Provides that a construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Provides that a high impact business construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Makes changes concerning the business interest deduction. Creates an addition modification for the federal deduction for domestic research or experimental expenditures. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Makes changes concerning incentives for biodiesel, renewable diesel, and biodiesel blends. Makes other changes. |
| | Current Status: | 5/6/2026 - Senate Revenue |
| | Recent Status: | 2/27/2026 - Sponsor Removed Sen. Robert Peters
2/5/2026 - Referred to Senate Assignments
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| | State Bill Page: | SB3796 |
| | Notes: | TAX-CORPORATE LOOPHOLE CLOSURE BILL Progressive revenue proposal - Eliminates the sales tax exemption for production related tangible personal property.
- Eliminates the preferential sales tax treatment of biodiesel and renewable diesel.
- Decouples from the changes to Section 174A and requires taxpayers to amortize Section 174A R&E deductions over 5 years.
- Decouples from H.R. 1’s expansion of the business interest limitation in 163(j)
- Requires the taxpayer to add back income excluded by Section 1202 in certain circumstances
- Decouples from the tax benefits of Federal Opportunity Zones beginning with the 2027 tax year.
- Repeals the historic tax credit in River Edge Redevelopment Zones
- Eliminates the construction jobs tax credit for enterprise zones, high impact businesses, and similar programs
- ---Closing loopholes in H.R. 1-One Big Beautiful Bill---
- Decouples from Federal IRC-Sections
- 174(a) R&D expiration
- 163(j) Changes
- 179 increases
- 1202 qualified small business stock gain
- See Parallel Legislation=HB5125
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| SB3799 | INC TX-ENTITY BASE (SEN. CELINA VILLANUEVA) Amends the Illinois Income Tax Act. In provisions concerning the entity-level tax, provides that a partnership making an entity-level tax election may elect to determine its tax base using a full distributive share method or an Illinois-sourced income method. Effective immediately. |
| | Current Status: | 5/22/2026 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
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| | Recent Status: | 5/22/2026 - Rule 3-9(a) / Re-referred to Assignments
5/15/2026 - Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
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| | State Bill Page: | SB3799 |
| | Notes: | TAX-Pass-Through-Entity- Provides flexibility to taxpayers who use Pass-Through Entity Tax Election
- Allows the partnership to elect whether to have IL Residents pay IL PTE at 100% or IL-apportioned
- A nice option rather than mandating one methodology for all partners.
- ICPAS ok as long as this does not morph into mandating 100% for Residents (which these bills would not)
- Initiative by State Chamber of Commerce and IL Manufacturers Association
- Reviewer's note-a version of this surfaced late in the Veto Session. While our initial analysis was the same of do no harm, we did not advocate for expanding our position of extending the PTE option which was permanently extended. The difference between the earlier version which did not allow for an option and now with this version, it is optional.
- See House Parallel Bill-HB5191
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| SB3843 | USE/OCC TAX-DELIVERY SALES (SEN. PATRICK JOYCE) Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the Department of Revenue may audit both the marketplace seller and the delivery network company for a qualified delivery network sale. Provides that, with respect to a qualified delivery network sale made on or after the effective date of the amendatory Act, a delivery network company may deduct or exclude from its tax liability the amount of tax that the delivery network company paid to the marketplace seller in connection with the qualified delivery network sale. |
| | Current Status: | 5/22/2026 - Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments
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| | Recent Status: | 5/22/2026 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
5/22/2026 - Rule 3-9(a) / Re-referred to Assignments
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| | State Bill Page: | SB3843 |
| | Notes: | DOUBLE TAXATION FIX - Allows a delivery network company to recover the sales tax paid to a seller if company collects and remits the tax from the purchaser and the tax paid to the seller is separately
- Prevents paying sales tax twice on the same purchase
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| SB3940 | PROP TX-TAX SALE (SEN. CELINA VILLANUEVA) Amends the Property Tax Code. Provides that a county, as trustee, may elect to acquire or sell tax delinquent property. Provides that the owner of property who sustains loss or damage by reason of the issuance of a deed at a tax deed auction shall have the right to recover surplus equity which was lost in the property through an award of indemnity. Provides that, in counties with 3,000,000 or more inhabitants, the period of redemption is 3 years from the date of sale. |
| | Current Status: | 6/1/2026 - Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments
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| | Recent Status: | 6/1/2026 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
6/1/2026 - Rule 3-9(a) / Re-referred to Assignments
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| | State Bill Page: | SB3940 |
| | Notes: | PROPERTY TAX-Delinquent Tax Sales See also SB 3940 |
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