Bill Sponsors: IL HB4040 | 2023-2024 | 103rd General Assembly
Bill Title: Creates the Megaproject Sports and Entertainment Facility Admission Tax Act. Imposes a tax of $3 for each individual admitted to a sports and entertainment facility located on megaproject property. Contains provisions concerning the distribution of the proceeds of the tax. Amends the Property Tax Code. Provides that certain property may be certified by the Department of Revenue as containing a megaproject. Provides that a "megaproject" is a project with respect to which a company makes a specified investment during a specified investment period. Provides that the Department of Revenue may issue a megaproject certificate only for a megaproject in the Village of Arlington Heights. 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 to make certain special payments. Creates the Arlington Megaproject Oversight Board. Provides that the incentive agreement must be approved by resolution of the Arlington Megaproject Oversight Board. Amends the State Finance Act making conforming changes. 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 megaproject is exempt from the taxes imposed under those Acts. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, the Hotel Operators' Occupation Tax Act, and the Liquor Control Act of 1934. Provides that certain tax proceeds from megaproject property shall be deposited into the Arlington Megaproject Infrastructure Fund. Makes other changes. Effective June 1, 2023.
Spectrum: Partisan Bill (Democrat 24-0)
Status: (Introduced) 2023-05-03 - Added Chief Co-Sponsor Rep. Stephanie A. Kifowit [HB4040 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 24-0)
Status: (Introduced) 2023-05-03 - Added Chief Co-Sponsor Rep. Stephanie A. Kifowit [HB4040 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsors
Name | Type | Sponsorship | District | Financial | Encyclopedia | Biography |
---|---|---|---|---|---|---|
Representative Martin Moylan [D] | Primary | Sponsored Bills | HD-055 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Nabeela Syed [D] | Cosponsor | Sponsored Bills | HD-051 | FollowTheMoney | Ballotpedia | N/A |
Representative Jonathan Carroll [D] | Cosponsor | Sponsored Bills | HD-057 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Stephanie Kifowit [D] | Cosponsor | Sponsored Bills | HD-084 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Joyce Mason [D] | Cosponsor | Sponsored Bills | HD-061 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Hoan Huynh [D] | Cosponsor | Sponsored Bills | HD-013 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Robert Rita [D] | Cosponsor | Sponsored Bills | HD-028 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Rita Mayfield [D] | Cosponsor | Sponsored Bills | HD-060 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Matt Hanson [D] | Cosponsor | Sponsored Bills | HD-083 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Angelica Guerrero-Cuellar [D] | Cosponsor | Sponsored Bills | HD-022 | N/A | Ballotpedia | VoteSmart |
Representative Barbara Hernandez [D] | Cosponsor | Sponsored Bills | HD-050 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Dagmara Avelar [D] | Cosponsor | Sponsored Bills | HD-085 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Gregg Johnson [D] | Cosponsor | Sponsored Bills | HD-072 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Michelle Mussman [D] | Cosponsor | Sponsored Bills | HD-056 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Lakesia Collins [D] | Cosponsor | Sponsored Bills | SD-005 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Anthony DeLuca [D] | Cosponsor | Sponsored Bills | HD-080 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Norma Hernandez [D] | Cosponsor | Sponsored Bills | HD-077 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Carol Ammons [D] | Cosponsor | Sponsored Bills | HD-103 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Laura Faver Dias [D] | Cosponsor | Sponsored Bills | HD-062 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Marcus Evans [D] | Cosponsor | Sponsored Bills | HD-033 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Mary Flowers [D] | Cosponsor | Sponsored Bills | HD-031 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Diane Blair-Sherlock [D] | Cosponsor | Sponsored Bills | HD-046 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Edgar Gonzalez [D] | Cosponsor | Sponsored Bills | HD-023 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Jehan Gordon-Booth [D] | Cosponsor | Sponsored Bills | HD-092 | FollowTheMoney | Ballotpedia | VoteSmart |