Bill Status of HB5203

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HB5203 - 104th General Assembly

INC TX-HOTEL RENOVATION
Last Action
3/27/2026 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Michael J. Kelly
Statutes Amended In Order of Appearance
35 ILCS 5/246 new
Synopsis As Introduced
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.
Actions
Date Chamber Action
2/05/2026 House Filed with the Clerk by Rep. Michael J. Kelly
2/10/2026 House First Reading
2/10/2026 House Referred to Rules Committee
3/18/2026 House Assigned to Revenue & Finance Committee
3/27/2026 House Rule 19(a) / Re-referred to Rules Committee