Illinois House Bill 5797

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on June 15 2026 - 25% progression
Action: 2026-06-15 - Filed with the Clerk by Rep. Martin McLaughlin
Text: Latest bill text (Introduced) [HTML]

Creates the Taxpayer and Investment Protection Act. Provides that a developer that undertakes a qualifying project may apply to the Department of Commerce and Economic Opportunity for certain benefits authorized under the Act, including, but not limited to, a negotiated property tax agreement and infrastructure support if the project satisfies certain job creation, investment, and location requirements. Provides that one or more taxing bodies may enter into a negotiated property tax agreement with the developer of a qualifying project. Provides that the agreement shall provide for a single annual payment in full satisfaction of all ad valorem property taxes that would otherwise be levied on the improvements constructed on the project site as part of the qualifying project. Provides that the State may provide infrastructure support for public infrastructure improvements that directly benefit a qualifying project and provide broader public benefit to the region in which the project is located. Amends the Property Tax Code to make conforming changes. Effective immediately.

TAXPAYER INVEST PROTECTION ACT

Rep. Martin McLaughlin [R]

Date	Chamber	Action
2026-06-15	House	Filed with the Clerk by Rep. Martin McLaughlin

Chapter	Article	Section	Citation Type	Statute Text
35	200	10-1000	New Code	See Bill Text
35	200	10-23	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/Legislation/BillStatus?DocNum=5797&GAID=18&DocTypeID=HB&LegId=168762&SessionID=114
Text	https://www.ilga.gov/Legislation/BillStatus/FullText?LegDocId=211480&DocName=10400HB5797&DocNum=5797&DocTypeID=HB&LegID=168762&GAID=18&SessionID=114&SpecSess=&Session=