Illinois legislation · 104th General Assembly
Illinois HB5470: DCEO-VARIOUS
Status: Signed into law, August 7, 2026
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that provisions requiring the Department of Commerce and Economic Opportunity's official website to contain a comprehensive list of State, local, and federal economic benefits available to businesses in each of the State's counties and municipalities are repealed on July 1, 2026. Provides that the following reports shall be filed on or before January 31 of each year (instead of January 1): a report on entrepreneurial assistance centers; reports on the Enterprise Zone Loan Fund and the Large Business Attraction Fund; and reports concerning cannabis social equity. Amends the Southeastern Illinois Economic Development Authority Act. Makes changes concerning the membership of the Board of the Southeastern Illinois Economic Development Authority. Amends the Illinois Income Tax Act. Extends the sunset for the apprenticeship education expense tax credit, the research and development tax credit, the angel investment tax credit, and the River Edge Redevelopment Zone tax credit. Effective immediately.
What the bill says
A bill for 104th general assembly state of illinois 2025 and 2026hb5470introduced 2/13/2026, by rep. yolonda morrissynopsis as introduced: ilcs 605/605-300was 20 ilcs 605/46.220 ilcs 605/605-46520 ilcs 605/605-50320 ilcs 605/605-91320 ilcs 655/12-9from ch. 67 1/2, par. 62620 ilcs 3855/1-13020 ilcs 5075/1530 ilcs 738/40-4030 ilcs 750/9-9from ch. 127, par. 2709-930 ilcs 750/10-9from ch. 127, par. 2710-935 ilcs 5/20135 ilcs 5/22035 ilcs 5/22135 ilcs 5/23170 ilcs 518/20220 ilcs 80/20305 ilcs 20/5from ch. 111 2/3, par…
From the introduced text, February 6, 2026:
A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB5470Introduced 2/13/2026, by Rep. Yolonda MorrisSYNOPSIS AS INTRODUCED: ILCS 605/605-300was 20 ILCS 605/46.220 ILCS 605/605-46520 ILCS 605/605-50320 ILCS 605/605-91320 ILCS 655/12-9from Ch. 67 1/2, par. 62620 ILCS 3855/1-13020 ILCS 5075/1530 ILCS 738/40-4030 ILCS 750/9-9from Ch. 127, par. 2709-930 ILCS 750/10-9from Ch. 127, par. 2710-935 ILCS 5/20135 ILCS 5/22035 ILCS 5/22135 ILCS 5/23170 ILCS 518/20220 ILCS 80/20305 ILCS 20/5from Ch. 111 2/3, par. 1405410 ILCS 705/7-15 20 ILCS 605/605-300 was 20 ILCS 605/46.2 20 ILCS 605/605-465 20 ILCS 605/605-503 20 ILCS 605/605-913 20 ILCS 655/12-9 from Ch. 67 1/2, par. 626 20 ILCS 3855/1-130 20 ILCS 5075/15 30 ILCS 738/40-40 30 ILCS 750/9-9 from Ch. 127, par. 2709-9 30 ILCS 750/10-9 from Ch. 127, par. 2710-9 35 ILCS 5/201 35 ILCS 5/220 35 ILCS 5/221 35 ILCS 5/231 70 ILCS 518/20 220 ILCS 80/20 305 ILCS 20/5 from Ch. 111 2/3, par. 1405 410 ILCS 705/7-15 ILCS 605/605-300 was 20 ILCS 605/46.2 ILCS 605/605-465 ILCS 605/605-503 ILCS 605/605-913 ILCS 655/12-9 from Ch. 67 1/2, par. ILCS 3855/1-130 ILCS 5075/15 ILCS 738/40-40 ILCS 750/9-9 from Ch. 127, par. 2709-9 ILCS 750/10-9 from Ch. 127, par. 2710-9 ILCS 5/201 ILCS 5/220 ILCS 5/221 ILCS 5/231 ILCS 518/20 ILCS 80/20 ILCS 20/5 from Ch. 111 2/3, par. 1405 ILCS 705/7-15 Amends the Department …