Comments: IL HB5203 | 2025-2026 | 104th General Assembly
Bill Title: Amends the Illinois Income Tax Act. Creates an income tax credit for a taxpayer who owns, operates, or manages a hotel. Provides that the amount of the credit is equal to 25% of the qualified renovation expenditures incurred during the taxable year, subject to specified limitations. Effective immediately.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced) 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB5203 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced) 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB5203 Detail]
Text: Latest bill text (Introduced) [HTML]
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