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<title>Illinois General Assembly - Bill Status for HB 4040         </title>
<shortdesc>REVENUE-MEGAPROJECTS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><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</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>30 ILCS 105/5.990 new</reference><aliasreference></aliasreference><reference>30 ILCS 105/6z-139 new</reference><aliasreference></aliasreference><reference>35 ILCS 105/3-5</reference><aliasreference></aliasreference><reference>35 ILCS 105/9</reference><aliasreference>from Ch. 120, par. 439.9</aliasreference><reference>35 ILCS 110/3-5</reference><aliasreference></aliasreference><reference>35 ILCS 110/9</reference><aliasreference>from Ch. 120, par. 439.39</aliasreference><reference>35 ILCS 115/3-5</reference><aliasreference></aliasreference><reference>35 ILCS 115/9</reference><aliasreference>from Ch. 120, par. 439.109</aliasreference><reference>35 ILCS 120/2-5</reference><aliasreference></aliasreference><reference>35 ILCS 120/3</reference><aliasreference>from Ch. 120, par. 442</aliasreference><reference>35 ILCS 145/6</reference><aliasreference>from Ch. 120, par. 481b.36</aliasreference><reference>35 ILCS 200/Art. 10 Div. 22 heading new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-900 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-910 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-912 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-912.1 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-915 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-920 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-925 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-930 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-935 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-937 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-940 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-945 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-950 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-955 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-960 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-965 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-970 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-980 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-990 new</reference><aliasreference></aliasreference><reference>230 ILCS 45/25-90</reference><aliasreference></aliasreference><reference>235 ILCS 5/8-15 new</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Martin J. Moylan</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Jonathan Carroll</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Mary Gill</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Joyce Mason</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Hoan Huynh</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Robert "Bob" Rita</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Nabeela Syed</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Rita Mayfield</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Matt Hanson</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Angelica Guerrero-Cuellar</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Barbara Hernández</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Dagmara Avelar</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Gregg Johnson</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>4/20/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michelle Mussman</action>
<statusdate>4/24/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Anthony DeLuca</action>
<statusdate>4/25/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Norma Hernandez</action>
<statusdate>4/26/2023</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Jennifer Sanalitro</action>
<statusdate>4/26/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Carol Ammons</action>
<statusdate>4/26/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Laura Faver Dias</action>
<statusdate>4/26/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kevin John Olickal</action>
<statusdate>4/26/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Mary E. Flowers</action>
<statusdate>4/26/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Diane Blair-Sherlock</action>
<statusdate>4/26/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Edgar González, Jr.</action>
<statusdate>4/26/2023</statusdate><chamber>House</chamber><action>Removed Co-Sponsor Rep. Mary Gill</action>
<statusdate>4/26/2023</statusdate><chamber>House</chamber><action>Remove Chief Co-Sponsor Rep. Jennifer Sanalitro</action>
<statusdate>5/3/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jehan Gordon-Booth</action>
<statusdate>5/3/2023</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Stephanie A. Kifowit</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
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