Illinois House Bill 4655 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
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, 2024.

REVENUE-MEGAPROJECT

Rep. Martin Moylan [D]

Date	Chamber	Action
2025-01-07	House	Session Sine Die
2024-04-05	House	Rule 19(a) / Re-referred to Rules Committee
2024-03-08	House	To Revenue - Tax Credit and Incentives Subcommittee
2024-03-05	House	Assigned to Revenue & Finance Committee
2024-02-06	House	Referred to Rules Committee
2024-02-06	House	First Reading
2024-01-31	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	5.1015	New Code	See Bill Text
30	105	6z-140	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=4655&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB4655.htm