Illinois Senate Bill 1350

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Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on February 6 2023 - 25% progression
Action: 2024-04-15 - Chief Sponsor Changed to Sen. Don Harmon
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that certain property may be certified by the Department of Revenue as containing a mega project. Provides that a "mega project" is a project with respect to which a company makes a specified investment during a specified investment period. Provides that the mega project property is eligible for an assessment freeze. Provides that mega project property may be granted an abatement. Provides that a company that operates a mega project shall enter into an agreement with the municipality in which the project is located 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 mega project is exempt from the taxes imposed under those Acts. Effective June 1, 2023.

REVENUE-MEGA PROJECTS

Sen. Don Harmon [D]	Sen. Seth Lewis [R]	Sen. Donald DeWitte [R]	Sen. Susan Rezin [R]
Sen. John Curran [R]	Sen. Dan McConchie [R]

Date	Chamber	Action
2024-04-15	Senate	Chief Sponsor Changed to Sen. Don Harmon
2023-04-21	Senate	Added as Co-Sponsor Sen. Dan McConchie
2023-04-20	Senate	Added as Co-Sponsor Sen. John F. Curran
2023-04-20	Senate	Added as Co-Sponsor Sen. Sue Rezin
2023-04-20	Senate	Added as Co-Sponsor Sen. Donald P. DeWitte
2023-04-20	Senate	Added as Co-Sponsor Sen. Seth Lewis
2023-02-23	Senate	Sponsor Removed Sen. Meg Loughran Cappel
2023-02-22	Senate	Added as Co-Sponsor Sen. Meg Loughran Cappel
2023-02-06	Senate	Referred to Assignments
2023-02-06	Senate	First Reading
2023-02-06	Senate	Filed with Secretary by Sen. Ann Gillespie

Chapter	Article	Section	Citation Type	Statute Text
35	105	3-5	Amended Code	Citation Text
35	110	3-5	Amended Code	Citation Text
35	115	3-5	Amended Code	Citation Text
35	120	2-5	Amended Code	Citation Text
35	200	10-22	New Code	See Bill Text
35	200	10-900	New Code	See Bill Text
35	200	10-910	New Code	See Bill Text
35	200	10-915	New Code	See Bill Text
35	200	10-920	New Code	See Bill Text
35	200	10-925	New Code	See Bill Text
35	200	10-930	New Code	See Bill Text
35	200	10-935	New Code	See Bill Text
35	200	10-937	New Code	See Bill Text
35	200	10-940	New Code	See Bill Text
35	200	10-945	New Code	See Bill Text
35	200	10-950	New Code	See Bill Text
35	200	10-955	New Code	See Bill Text
35	200	10-960	New Code	See Bill Text
35	200	10-965	New Code	See Bill Text
35	200	10-970	New Code	See Bill Text
35	200	10-980	New Code	See Bill Text
35	200	10-990	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1350&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB1350.htm