Illinois House Bill 4040

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Spectrum: Partisan Bill (Democrat 24-0)
Status: Introduced on April 20 2023 - 25% progression
Action: 2023-05-03 - Added Chief Co-Sponsor Rep. Stephanie A. Kifowit
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

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.

REVENUE-MEGAPROJECTS

Rep. Martin Moylan [D]	Rep. Nabeela Syed [D]	Rep. Jonathan Carroll [D]	Rep. Stephanie Kifowit [D]
Rep. Joyce Mason [D]	Rep. Hoan Huynh [D]	Rep. Robert Rita [D]	Rep. Rita Mayfield [D]
Rep. Matt Hanson [D]	Rep. Angelica Guerrero-Cuellar [D]	Rep. Barbara Hernandez [D]	Rep. Dagmara Avelar [D]
Rep. Gregg Johnson [D]	Rep. Michelle Mussman [D]	Sen. Lakesia Collins [D]	Rep. Anthony DeLuca [D]
Rep. Norma Hernandez [D]	Rep. Carol Ammons [D]	Rep. Laura Faver Dias [D]	Rep. Marcus Evans [D]
Rep. Mary Flowers [D]	Rep. Diane Blair-Sherlock [D]	Rep. Edgar Gonzalez [D]	Rep. Jehan Gordon-Booth [D]

Date	Chamber	Action
2023-05-03	House	Added Chief Co-Sponsor Rep. Stephanie A. Kifowit
2023-05-03	House	Added Co-Sponsor Rep. Jehan Gordon-Booth
2023-04-26	House	Remove Chief Co-Sponsor Rep. Jennifer Sanalitro
2023-04-26	House	Removed Co-Sponsor Rep. Mary Gill
2023-04-26	House	Added Co-Sponsor Rep. Edgar Gonzalez, Jr.
2023-04-26	House	Added Co-Sponsor Rep. Diane Blair-Sherlock
2023-04-26	House	Added Co-Sponsor Rep. Mary E. Flowers
2023-04-26	House	Added Co-Sponsor Rep. Kevin John Olickal
2023-04-26	House	Added Co-Sponsor Rep. Laura Faver Dias
2023-04-26	House	Added Co-Sponsor Rep. Carol Ammons
2023-04-26	House	Added Chief Co-Sponsor Rep. Jennifer Sanalitro
2023-04-25	House	Added Co-Sponsor Rep. Norma Hernandez
2023-04-24	House	Added Co-Sponsor Rep. Anthony DeLuca
2023-04-20	House	Added Co-Sponsor Rep. Michelle Mussman
2023-04-20	House	Referred to Rules Committee
2023-04-20	House	First Reading
2023-04-20	House	Added Co-Sponsor Rep. Gregg Johnson
2023-04-20	House	Added Co-Sponsor Rep. Dagmara Avelar
2023-04-20	House	Added Co-Sponsor Rep. Barbara Hernandez
2023-04-20	House	Added Co-Sponsor Rep. Angelica Guerrero-Cuellar
2023-04-20	House	Added Co-Sponsor Rep. Matt Hanson
2023-04-20	House	Added Co-Sponsor Rep. Rita Mayfield
2023-04-20	House	Added Chief Co-Sponsor Rep. Nabeela Syed
2023-04-20	House	Added Co-Sponsor Rep. Robert "Bob" Rita
2023-04-20	House	Added Co-Sponsor Rep. Hoan Huynh
2023-04-20	House	Added Co-Sponsor Rep. Joyce Mason
2023-04-20	House	Added Co-Sponsor Rep. Mary Gill
2023-04-20	House	Added Chief Co-Sponsor Rep. Jonathan Carroll
2023-04-20	House	Filed with the Clerk by Rep. Martin J. Moylan

Chapter	Article	Section	Citation Type	Statute Text
230	45	25-90	Amended Code	Citation Text
235	5	8-15	New Code	See Bill Text
30	105	5.990	New Code	See Bill Text
30	105	6z-139	New Code	See Bill Text
35	105	3-5	Amended Code	Citation Text
35	105	9	Amended Code	Citation Text
35	110	3-5	Amended Code	Citation Text
35	110	9	Amended Code	Citation Text
35	115	3-5	Amended Code	Citation Text
35	115	9	Amended Code	Citation Text
35	120	2-5	Amended Code	Citation Text
35	120	3	Amended Code	Citation Text
35	145	6	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	10-912	New Code	See Bill Text
35	200	10-912.1	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=4040&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB4040.htm