REVENUE-MEGAPROJECT House SponsorsRep. Martin J. Moylan 1/7/2025HouseSession Sine Die New Act30 ILCS 105/5.1015 new30 ILCS 105/6z-140 new35 ILCS 105/3-535 ILCS 105/9from Ch. 120, par. 439.935 ILCS 110/3-535 ILCS 110/9from Ch. 120, par. 439.3935 ILCS 115/3-535 ILCS 115/9from Ch. 120, par. 439.10935 ILCS 120/2-535 ILCS 120/3from Ch. 120, par. 44235 ILCS 145/6from Ch. 120, par. 481b.3635 ILCS 200/Art. 10 Div. 22 heading new35 ILCS 200/10-900 new35 ILCS 200/10-910 new35 ILCS 200/10-912 new35 ILCS 200/10-912.1 new35 ILCS 200/10-915 new35 ILCS 200/10-920 new35 ILCS 200/10-925 new35 ILCS 200/10-930 new35 ILCS 200/10-935 new35 ILCS 200/10-937 new35 ILCS 200/10-940 new35 ILCS 200/10-945 new35 ILCS 200/10-950 new35 ILCS 200/10-955 new35 ILCS 200/10-960 new35 ILCS 200/10-965 new35 ILCS 200/10-970 new35 ILCS 200/10-980 new35 ILCS 200/10-990 new230 ILCS 45/25-90235 ILCS 5/8-15 new 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, 2024. 1/31/2024HouseFiled with the Clerk by Rep. Martin J. Moylan 2/6/2024HouseFirst Reading 2/6/2024HouseReferred to Rules Committee 3/5/2024HouseAssigned to Revenue & Finance Committee 3/8/2024HouseTo Revenue - Tax Credit and Incentives Subcommittee 4/5/2024HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die