Bill Status of SB4018

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SB4018 - 104th General Assembly

ENTERPRISE ZONE-STAR BONDS
Last Action
2/24/2026 - Senate: Assigned to Revenue
Senate Sponsors
Sen. Bill Cunningham
Statutes Amended In Order of Appearance
20 ILCS 655/5.4.1
50 ILCS 475/5-10
50 ILCS 475/5-30
50 ILCS 475/5-45
50 ILCS 475/5-50
50 ILCS 475/5-75
Synopsis As Introduced
Amends the Illinois Enterprise Zone Act. Provides that, if a municipality has adopted an enterprise zone pursuant to the Act and subsequently establishes a redevelopment project area pursuant to the Tax Increment Allocation Redevelopment Act, the municipality may provide for a partial abatement of taxes for property located within both the enterprise zone and the redevelopment project area. Provides that, if a municipality has established a redevelopment project area pursuant to Tax Increment Allocation Redevelopment Act and subsequently adopts an enterprise zone that includes property within the redevelopment project area, the municipality may provide for a partial abatement of taxes for property located within both the enterprise zone and the redevelopment project area. Amends the Statewide Innovation Development and Economy Act. Provides that certain local hotel taxes are considered local taxes for purposes of the Act.
Actions
Date Chamber Action
2/06/2026 Senate Filed with Secretary by Sen. Bill Cunningham
2/06/2026 Senate First Reading
2/06/2026 Senate Referred to Assignments
2/24/2026 Senate Assigned to Revenue
3/13/2026 Senate Rule 2-10 Committee Deadline Established As April 24, 2026