Bill Status of HB 4040   103rd General Assembly

Short Description:  REVENUE-MEGAPROJECTS

House Sponsors
Rep. Martin J. Moylan-Nabeela Syed-Jonathan Carroll-Stephanie A. Kifowit, Joyce Mason, Hoan Huynh, Robert "Bob" Rita, Rita Mayfield, Matt Hanson, Angelica Guerrero-Cuellar, Barbara Hernández, Dagmara Avelar, Gregg Johnson, Michelle Mussman, Lakesia Collins, Anthony DeLuca, Norma Hernandez, Carol Ammons, Laura Faver Dias, Marcus C. Evans, Jr., Mary E. Flowers, Diane Blair-Sherlock, Edgar González, Jr. and Jehan Gordon-Booth

Last Action  View All Actions

DateChamber Action
  1/7/2025HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.990 new
30 ILCS 105/6z-139 new
35 ILCS 105/3-5
35 ILCS 105/9from Ch. 120, par. 439.9
35 ILCS 110/3-5
35 ILCS 110/9from Ch. 120, par. 439.39
35 ILCS 115/3-5
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/2-5
35 ILCS 120/3from Ch. 120, par. 442
35 ILCS 145/6from Ch. 120, par. 481b.36
35 ILCS 200/Art. 10 Div. 22 heading new
35 ILCS 200/10-900 new
35 ILCS 200/10-910 new
35 ILCS 200/10-912 new
35 ILCS 200/10-912.1 new
35 ILCS 200/10-915 new
35 ILCS 200/10-920 new
35 ILCS 200/10-925 new
35 ILCS 200/10-930 new
35 ILCS 200/10-935 new
35 ILCS 200/10-937 new
35 ILCS 200/10-940 new
35 ILCS 200/10-945 new
35 ILCS 200/10-950 new
35 ILCS 200/10-955 new
35 ILCS 200/10-960 new
35 ILCS 200/10-965 new
35 ILCS 200/10-970 new
35 ILCS 200/10-980 new
35 ILCS 200/10-990 new
230 ILCS 45/25-90
235 ILCS 5/8-15 new

Synopsis As Introduced
Creates the Megaproject Sports and Entertainment Facility Admission Tax Act. Imposes a tax of $3 for each individual admitted to a sports and entertainment facility located on megaproject property. Contains provisions concerning the distribution of the proceeds of the tax. Amends the Property Tax Code. Provides that certain property may be certified by the Department of Revenue as containing a megaproject. Provides that a "megaproject" is a project with respect to which a company makes a specified investment during a specified investment period. Provides that the Department of Revenue may issue a megaproject certificate only for a megaproject in the Village of Arlington Heights. Provides that the megaproject property is eligible for an assessment freeze. Provides that megaproject property may be granted an abatement. Provides that a company that operates a megaproject shall enter into an agreement with the municipality in which the project is located to make certain special payments. Creates the Arlington Megaproject Oversight Board. Provides that the incentive agreement must be approved by resolution of the Arlington Megaproject Oversight Board. Amends the State Finance Act making conforming changes. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that qualified tangible personal property used in the construction or operation of a megaproject is exempt from the taxes imposed under those Acts. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, the Hotel Operators' Occupation Tax Act, and the Liquor Control Act of 1934. Provides that certain tax proceeds from megaproject property shall be deposited into the Arlington Megaproject Infrastructure Fund. Makes other changes. Effective June 1, 2023.

Actions 
DateChamber Action
  4/20/2023HouseFiled with the Clerk by Rep. Martin J. Moylan
  4/20/2023HouseAdded Chief Co-Sponsor Rep. Jonathan Carroll
  4/20/2023HouseAdded Co-Sponsor Rep. Mary Gill
  4/20/2023HouseAdded Co-Sponsor Rep. Joyce Mason
  4/20/2023HouseAdded Co-Sponsor Rep. Hoan Huynh
  4/20/2023HouseAdded Co-Sponsor Rep. Robert "Bob" Rita
  4/20/2023HouseAdded Chief Co-Sponsor Rep. Nabeela Syed
  4/20/2023HouseAdded Co-Sponsor Rep. Rita Mayfield
  4/20/2023HouseAdded Co-Sponsor Rep. Matt Hanson
  4/20/2023HouseAdded Co-Sponsor Rep. Angelica Guerrero-Cuellar
  4/20/2023HouseAdded Co-Sponsor Rep. Barbara Hernández
  4/20/2023HouseAdded Co-Sponsor Rep. Dagmara Avelar
  4/20/2023HouseAdded Co-Sponsor Rep. Gregg Johnson
  4/20/2023HouseFirst Reading
  4/20/2023HouseReferred to Rules Committee
  4/20/2023HouseAdded Co-Sponsor Rep. Michelle Mussman
  4/24/2023HouseAdded Co-Sponsor Rep. Anthony DeLuca
  4/25/2023HouseAdded Co-Sponsor Rep. Norma Hernandez
  4/26/2023HouseAdded Chief Co-Sponsor Rep. Jennifer Sanalitro
  4/26/2023HouseAdded Co-Sponsor Rep. Carol Ammons
  4/26/2023HouseAdded Co-Sponsor Rep. Laura Faver Dias
  4/26/2023HouseAdded Co-Sponsor Rep. Kevin John Olickal
  4/26/2023HouseAdded Co-Sponsor Rep. Mary E. Flowers
  4/26/2023HouseAdded Co-Sponsor Rep. Diane Blair-Sherlock
  4/26/2023HouseAdded Co-Sponsor Rep. Edgar González, Jr.
  4/26/2023HouseRemoved Co-Sponsor Rep. Mary Gill
  4/26/2023HouseRemove Chief Co-Sponsor Rep. Jennifer Sanalitro
  5/3/2023HouseAdded Co-Sponsor Rep. Jehan Gordon-Booth
  5/3/2023HouseAdded Chief Co-Sponsor Rep. Stephanie A. Kifowit
  1/7/2025HouseSession Sine Die

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