<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 5556</title>
<shortdesc>STATEWIDE INNOVATION-PILOT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jay Hoffman</sponsors>
</sponsor>
<lastaction>
<statusdate>3/27/2026</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>50 ILCS 475/5-5</reference><aliasreference></aliasreference><reference>50 ILCS 475/5-10</reference><aliasreference></aliasreference><reference>50 ILCS 475/5-15</reference><aliasreference></aliasreference><reference>50 ILCS 475/5-20</reference><aliasreference></aliasreference><reference>50 ILCS 475/5-30</reference><aliasreference></aliasreference><reference>50 ILCS 475/5-35</reference><aliasreference></aliasreference><reference>50 ILCS 475/5-45</reference><aliasreference></aliasreference><reference>50 ILCS 475/5-70</reference><aliasreference></aliasreference><reference>35 ILCS 200/Art. 10 Div. 23 heading new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1005 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1010 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1015 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1020 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1025 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1030 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1035 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1040 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1045 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1050 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1055 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1060 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1065 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1070 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1075 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1080 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1085 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1090 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1095 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1096 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-1097 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Statewide Innovation Development and Economy Act. Creates a New Opportunities for Vacation and Adventure Urban District or NOVA urban district. Sets forth the capital investment and job creation requirements to be certified as a NOVA urban district. Amends the Property Tax Code. Creates the Megaproject Assessment Freeze and Payment Law. Provides that property that receives a megaproject certificate from the Department of Commerce and Economic Opportunity is eligible for an assessment freeze. Contains provisions concerning megaproject incentive agreements.</SynopsisText></synopsis>
<actions>
<statusdate>2/6/2026</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jay Hoffman</action>
<statusdate>2/13/2026</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/13/2026</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/18/2026</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/27/2026</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</actions>
</xml>
