HB5500 - 104th General Assembly (2025-2026)

ENTERPRISE ZONE-STAR BONDS
Last Action
2/13/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Jay Hoffman
Statutes Amended In Order of Appearance
20 ILCS 655/5.4.1  
50 ILCS 475/5-10  
50 ILCS 475/5-30  
50 ILCS 475/5-45  
50 ILCS 475/5-50  
50 ILCS 475/5-75  
Synopsis As Introduced
Amends the Illinois Enterprise Zone Act. Provides that, if a municipality has adopted an enterprise zone pursuant to the Act and subsequently establishes a redevelopment project area pursuant to the Tax Increment Allocation Redevelopment Act, the municipality may provide for a partial abatement of taxes for property located within both the enterprise zone and the redevelopment project area. Provides that, if a municipality has established a redevelopment project area pursuant to Tax Increment Allocation Redevelopment Act and subsequently adopts an enterprise zone that includes property within the redevelopment project area, the municipality may provide for a partial abatement of taxes for property located within both the enterprise zone and the redevelopment project area. Amends the Statewide Innovation Development and Economy Act. Provides that certain local hotel taxes are considered local taxes for purposes of the Act.
Actions
DateChamberAction
2/06/2026HouseFiled with the Clerk by Rep. Jay Hoffman
2/13/2026HouseFirst Reading
2/13/2026HouseReferred to Rules Committee