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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB2596 Introduced 10/18/2023, by Sen. Robert Peters SYNOPSIS AS INTRODUCED:
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Creates the Fan-Funded Stadium Act. Provides that, if any professional sports team (i) uses a tax-supported facility for most of its home games during the regular season of the professional sports league in which the team participates and (ii) receives financial assistance from the State or a political subdivision of the State, then that professional sports team shall not cease playing most of its home games at the tax-supported facility and begin playing most of its home games elsewhere unless the owner of the professional sports team enters into an agreement with the municipality in which the tax-supported facility is located permitting the team to play most of its home games elsewhere or gives the municipality in which the facility is located not less than 6 months' advance notice of the owner's intention for the team to cease playing most of its home games at the facility and gives the municipality or any individual or group of individuals who reside in the area the opportunity to purchase the team.
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| | A BILL FOR |
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| | SB2596 | | LRB103 34140 HLH 64045 b |
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1 | | AN ACT concerning sports facilities.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 1. Short title. This Act may be cited as the |
5 | | Fan-Funded Stadium Act.
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6 | | Section 5. Definitions. As used in this Act: |
7 | | "Government subsidy" means a method of financing the |
8 | | construction or renovation of a tax-supported facility using |
9 | | State or municipal bonds, tax exemptions, or direct payments |
10 | | of public moneys. |
11 | | "Tax-supported facility" means a sports stadium located in |
12 | | the State that is constructed or renovated, in whole or in |
13 | | part, using a government subsidy, whether that construction or |
14 | | renovation occurred before, on, or after the effective date of |
15 | | this Act.
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16 | | Section 10. Professional sports teams; home games. If any |
17 | | professional sports team (i) uses a tax-supported facility for |
18 | | most of its home games during the regular season of the |
19 | | professional sports league in which the team participates and |
20 | | (ii) receives financial assistance from the State or a |
21 | | political subdivision of the State, then that professional |
22 | | sports team shall not cease playing most of its home games at |