REVENUE-MEGAPROJECTS House SponsorsRep. Jay Hoffman-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 200/10-910 new35 ILCS 200/10-915 new35 ILCS 200/10-920 new35 ILCS 200/10-925 new35 ILCS 200/10-927 new35 ILCS 200/10-930 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 200/10-985 new35 ILCS 200/10-990 new35 ILCS 200/10-995 new35 ILCS 200/10-1000 new Amends the Property Tax Code. Provides that certain property may be certified by the Department of Commerce and Economic Opportunity as containing a megaproject. Provides that a "megaproject" is a project that meets certain investment and job creation specifications. 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 and other 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 development of a megaproject is exempt from the taxes imposed under those Acts. Effective June 1, 2024. 2/9/2024HouseFiled with the Clerk by Rep. Jay Hoffman 2/9/2024HouseFirst Reading 2/9/2024HouseReferred to Rules Committee 2/28/2024HouseAssigned to Revenue & Finance Committee 3/8/2024HouseTo Revenue - Property Tax Subcommittee 3/11/2024HouseAdded Chief Co-Sponsor Rep. Mark L. Walker 4/5/2024HouseCommittee/3rd Reading Deadline Extended-Rule May 24, 2024 5/15/2024HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman 5/15/2024HouseHouse Committee Amendment No. 1 Referred to Rules Committee 5/16/2024HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee 5/24/2024HouseCommittee/3rd Reading Deadline Extended-Rule May 27, 2024 5/26/2024HouseCommittee/3rd Reading Deadline Extended-Rule May 31, 2024 5/31/2024HouseRule 19(a) / Re-referred to Rules Committee 5/31/2024HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die