IL SB3436 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 4 2026 - 25% progression, died in committee
Action: 2026-05-22 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 4 2026 - 25% progression, died in committee
Action: 2026-05-22 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Capital City Redevelopment Zone Act. Sets forth qualifications for an area to be designated as a Capital City Redevelopment Zone. Provides procedures and requirements for the initiation of a Capital City Redevelopment Zone by a municipality. Requires a municipality that has adopted an ordinance designating an area as a Capital City Redevelopment Zone to apply to the Department of Commerce and Economic Opportunity for certification of the zone. Sets forth requirements for certification. Provides for procedures and requirements for the review of Capital City Redevelopment Zone applications and the certification, amendment, and decertification of a Capital City Redevelopment Zone. Provides for adoption of tax increment financing. Describes the powers and duties of the Department of Commerce and Economic Opportunity. Provides requirements for administration of a Capital City Redevelopment Zone. Provides requirements for notice of cessation of business operations for businesses within a Capital City Redevelopment Zone. Provides for an income tax deduction. Sets forth accounting requirements regarding tax exemptions and other benefits under the Act. Provides for a capital city construction jobs income tax credit. Specifies the requirements that apply to taxpayers seeking capital city construction job tax credits. Creates the Capital City Development Fund as a special fund in the State treasury. Provides for grants to eligible developers. Makes findings. Defines terms. Makes conforming changes. Adds references to the Capital City Redevelopment Zone Act in the Corporate Accountability for Tax Expenditures Act, the Illinois Income Tax Act, the Retailers' Occupation Tax Act, the Property Tax Code, and the Environmental Protection Act. Effective immediately.
Title
CAP CITY REDEVELOPMENT ZONE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-05-22 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2026-05-15 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026 |
| 2026-04-24 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026 |
| 2026-03-13 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2026 |
| 2026-02-17 | Senate | Assigned to Revenue |
| 2026-02-04 | Senate | Referred to Assignments |
| 2026-02-04 | Senate | First Reading |
| 2026-02-04 | Senate | Filed with Secretary by Sen. Doris Turner |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 20 | 605 | 605-908 | New Code | See Bill Text |
| 20 | 715 | 5 | Amended Code | Citation Text |
| 220 | 5 | 9-222.1 | Amended Code | Citation Text |
| 30 | 105 | 5.1038 | New Code | See Bill Text |
| 35 | 105 | 12 | Amended Code | Citation Text |
| 35 | 110 | 12 | Amended Code | Citation Text |
| 35 | 115 | 12 | Amended Code | Citation Text |
| 35 | 120 | 2-53 | New Code | See Bill Text |
| 35 | 200 | 18-170 | Amended Code | Citation Text |
| 35 | 5 | 201 | Amended Code | Citation Text |
| 35 | 5 | 203 | Amended Code | Citation Text |
| 35 | 5 | 221.5 | New Code | See Bill Text |
| 415 | 5 | 58.13 | Amended Code | Citation Text |
| 415 | 5 | 58.14b | New Code | See Bill Text |
