HB5470 - 104th General Assembly (2025-2026)

DCEO-VARIOUS
Last Action
3/26/2026 - House: Placed on Calendar 2nd Reading - Short Debate
House Sponsors
Rep. Yolonda Morris
Hearings
Revenue & Finance Committee Hearing Mar 26 2026 8:00AM Stratton Building Room D-1 Springfield, IL - House Committee Amendment 1
Statutes Amended In Order of Appearance
20 ILCS 605/605-300  was 20 ILCS 605/46.2
20 ILCS 605/605-465  
20 ILCS 605/605-503  
20 ILCS 605/605-913  
20 ILCS 655/12-9  from Ch. 67 1/2, par. 626
20 ILCS 3855/1-130  
20 ILCS 5075/15  
30 ILCS 738/40-40  
30 ILCS 750/9-9  from Ch. 127, par. 2709-9
30 ILCS 750/10-9  from Ch. 127, par. 2710-9
35 ILCS 5/201  
35 ILCS 5/220  
35 ILCS 5/221  
35 ILCS 5/231  
70 ILCS 518/20  
220 ILCS 80/20  
305 ILCS 20/5  from Ch. 111 2/3, par. 1405
410 ILCS 705/7-15  
Synopsis As Introduced
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that provisions requiring the Department of Commerce and Economic Opportunity's official website to contain a comprehensive list of State, local, and federal economic benefits available to businesses in each of the State's counties and municipalities are repealed on July 1, 2026. Provides that the following reports shall be filed on or before January 31 of each year (instead of January 1): a report on entrepreneurial assistance centers; reports on the Enterprise Zone Loan Fund and the Large Business Attraction Fund; and reports concerning cannabis social equity. Amends the Southeastern Illinois Economic Development Authority Act. Makes changes concerning the membership of the Board of the Southeastern Illinois Economic Development Authority. Amends the Illinois Income Tax Act. Extends the sunset for the apprenticeship education expense tax credit, the research and development tax credit, the angel investment tax credit, and the River Edge Redevelopment Zone tax credit. Effective immediately.

House Committee Amendment No. 1
Deletes reference to:
20 ILCS 5075/15  
Adds reference to:
20 ILCS 605/605-1007  
20 ILCS 605/605-1032  
20 ILCS 605/605-400 rep.  
20 ILCS 665/4b  
20 ILCS 5075/Act rep.  
20 ILCS 5130/15  
35 ILCS 5/242  
35 ILCS 19/50-10  
35 ILCS 19/50-15  
35 ILCS 19/50-35  
35 ILCS 19/50-40  
35 ILCS 19/50-45  
20 ILCS 665/4b  
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill. Repeals the Opportunities for At-Risk Women Act. Adds provisions to the introduced bill amending the Illinois Council on Women and Girls Act. Provides that the Illinois Council on Women and Girls may create a Subcommittee on Opportunities for Women At Risk of Being Justice Impacted. Sets forth the duties of the subcommittee. Adds provisions to the introduced bill amending the Music and Musicians Tax Credit and Jobs Act. Changes references from "taxable year" to "calendar year". Makes changes concerning reports. Further amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Office of Economic Equity and Empowerment may administer assistance that is focused on the revitalization and economic stabilization of urban areas in the State. Makes changes concerning the new business permitting portal. Amends the Energy Assistance Act. Makes changes concerning the membership of the Low Income Energy Assistance Policy Advisory Council. Amends the Illinois Promotion Act. In provisions concerning the Coordinating Committee of State agencies involved with tourism, provides that the Director of Commerce and Economic Opportunity and the Lieutenant Governor may appoint designees to serve on the committee. Further amends the Illinois Income Tax Act. Extends the sunset of the research and development credit until January 1, 2037 (currently, January 1, 2032). Removes provisions of the introduced bill concerning the pass-through entity tax. Effective immediately.
Actions
DateChamberAction
2/06/2026HouseFiled with the Clerk by Rep. Yolonda Morris
2/13/2026HouseFirst Reading
2/13/2026HouseReferred to Rules Committee
3/25/2026HouseAssigned to Revenue & Finance Committee
3/25/2026HouseMotion Filed to Suspend Rule 21 Revenue & Finance Committee; Rep. Robyn Gabel
3/25/2026HouseMotion to Suspend Rule 21 - Prevailed 075-037-000
3/25/2026HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Yolonda Morris
3/25/2026HouseHouse Committee Amendment No. 1 Referred to Rules Committee
3/26/2026HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
3/26/2026HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
3/26/2026HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 020-000-000
3/26/2026HousePlaced on Calendar 2nd Reading - Short Debate