REVENUE-MEGAPROJECTS House SponsorsRep. Mark L. Walker 1/7/2025HouseSession Sine Die 35 ILCS 105/3-535 ILCS 110/3-535 ILCS 115/3-535 ILCS 120/2-535 ILCS 200/Art. 10 Div. 22 heading new35 ILCS 200/10-900 new35 ILCS 200/10-910 new35 ILCS 200/10-915 new35 ILCS 200/10-920 new35 ILCS 200/10-925 new35 ILCS 200/10-930 new35 ILCS 200/10-932 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 new 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 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 an oversight board established by the local municipality and local taxing districts to make certain special payments. 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. Effective June 1, 2024. 2/7/2024HouseFiled with the Clerk by Rep. Mark L. Walker 2/8/2024HouseFirst Reading 2/8/2024HouseReferred to Rules Committee 2/28/2024HouseAssigned to Revenue & Finance Committee 3/8/2024HouseTo Revenue - Property Tax Subcommittee 4/5/2024HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die