Bill Status of HB5556

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HB5556 - 104th General Assembly

STATEWIDE INNOVATION-PILOT
Last Action
3/27/2026 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Jay Hoffman
Statutes Amended In Order of Appearance
50 ILCS 475/5-5
50 ILCS 475/5-10
50 ILCS 475/5-15
50 ILCS 475/5-20
50 ILCS 475/5-30
50 ILCS 475/5-35
50 ILCS 475/5-45
50 ILCS 475/5-70
35 ILCS 200/Art. 10 Div. 23 heading new
35 ILCS 200/10-1005 new
35 ILCS 200/10-1010 new
35 ILCS 200/10-1015 new
35 ILCS 200/10-1020 new
35 ILCS 200/10-1025 new
35 ILCS 200/10-1030 new
35 ILCS 200/10-1035 new
35 ILCS 200/10-1040 new
35 ILCS 200/10-1045 new
35 ILCS 200/10-1050 new
35 ILCS 200/10-1055 new
35 ILCS 200/10-1060 new
35 ILCS 200/10-1065 new
35 ILCS 200/10-1070 new
35 ILCS 200/10-1075 new
35 ILCS 200/10-1080 new
35 ILCS 200/10-1085 new
35 ILCS 200/10-1090 new
35 ILCS 200/10-1095 new
35 ILCS 200/10-1096 new
35 ILCS 200/10-1097 new
Synopsis As Introduced
Amends the Statewide Innovation Development and Economy Act. Creates a New Opportunities for Vacation and Adventure Urban District or NOVA urban district. Sets forth the capital investment and job creation requirements to be certified as a NOVA urban district. Amends the Property Tax Code. Creates the Megaproject Assessment Freeze and Payment Law. Provides that property that receives a megaproject certificate from the Department of Commerce and Economic Opportunity is eligible for an assessment freeze. Contains provisions concerning megaproject incentive agreements.
Actions
Date Chamber Action
2/06/2026 House Filed with the Clerk by Rep. Jay Hoffman
2/13/2026 House First Reading
2/13/2026 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