Bill Title: Creates the Municipal Stadium Authority Act. Provides that any home-rule municipality with a population of 70,000 or more residents that is located in a county with a population of more than 3,000,000 residents may establish a municipal stadium authority as a political subdivision and unit of local government for the purpose of financing, acquiring, constructing, or improving any facility or complex of facilities that is used to hold professional sporting events, as well as for financing, constructing, acquiring, making, renovating, or adding capital improvements to, connected to, or related to those facilities. Sets forth the powers and duties of the Authority. Amends the Illinois Income Tax Act. Creates a deduction related to bonds issued under the Municipal Stadium Authority Act. Amends the Property Tax Code. Provides that any facility or complex of facilities that is owned by or leased to or by a municipal stadium authority and is used to hold a professional sporting event, or any capital improvement that is owned by the municipal stadium authority, is exempt from taxation under the Code. Amends the Department of Transportation Law of the Civil Administrative Code of Illinois. Provides that the Department of Transportation shall conduct certain traffic studies. Amends the Illinois Sports Facilities Authority Act.

Sponsorship: Partisan Bill (Democrat 6)

Status: (Engrossed - Dead) 2026-06-01 - Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2, 3 [HB0958 Detail]

Text: Latest bill text (Engrossed) [HTML]

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