Illinois legislation · 104th General Assembly
Illinois HB5802: REVENUE-VARIOUS
Status: Introduced, August 19, 2026
Amends the Property Tax Code. Provides that the Department of Commerce and Economic Opportunity may certify certain projects as megaprojects. Provides that property that receives a megaproject certificate is eligible for an assessment freeze. Contains provisions concerning special payments. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois, the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Contains provisions concerning a megaproject building materials exemption. Amends the Bond Authorization Act. Provides that the authority of a public corporation to levy taxes in connection with the payment of bonds or other evidences of indebtedness ceases upon the maturity date of the bond or other evidence of indebtedness or upon the discharge of the debt, whichever comes first. Amends the Election Code, the Counties Code, the Township Code, the Illinois Local Library Act, the School Code, and the Public Community College Act. In provisions concerning the issuance of bonds, provides that the affected bond referenda must be held at a general election (rather than at a regularly scheduled election). Effective immediately.
What the bill says
A bill FOR HB5802 LRB104 22383 HLH 38847 b AN ACT concerning revenue.
From the introduced text, July 8, 2026:
A BILL FOR HB5802 LRB104 22383 HLH 38847 b AN ACT concerning revenue. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 5. The Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois is amended by adding Section 605-1119 as follows: (20 ILCS 605/605-1119 new) Sec. 605-1119. Megaproject building materials exemption. (a) Until January 1, 2032, the Department may certify a taxpayer for an exemption from any State or local use tax or retailers' occupation tax on building materials that will be incorporated into real estate as part of a building project at the site of a megaproject as defined under Division 23 of the Property Tax Code. The taxpayer must meet all of the criteria for certification set forth in Division 23 of Article 10 of the Property Tax Code. This certification is in addition to and does not replace or amend the megaproject certificate provisions under Division 23 of Article 10 of the Property Tax Code. (b) Before the Department certifies a taxpayer for an exemption under this Section, the Department shall transmit a copy of the application to the Department of Revenue, and the Department of Revenue shall project the long-term property HB5802 - 2 - LRB104 22383 HLH 38847 b tax, bond capacity, …
Sponsors
- Dan Ugaste (R, 65) · primary sponsor
- Amy L. Grant (R, 47)
- Kevin Schmidt (R, 114)
- Norine K. Hammond (R, 94)
- Kyle Moore (R, 99)
Latest actions
- : Added Co-Sponsor Rep. Kyle Moore
- : Added Co-Sponsor Rep. Norine K. Hammond
- : Added Co-Sponsor Rep. Kevin Schmidt
- : Added Co-Sponsor Rep. Amy L. Grant
- : Filed with the Clerk by Rep. Daniel J. Ugaste
Common questions
- What is HB5802?
- HB5802 is a bill in the Illinois Legislature (104th General Assembly): REVENUE-VARIOUS.
- What does HB5802 do?
- In its own words: A bill FOR HB5802 LRB104 22383 HLH 38847 b AN ACT concerning revenue.
- What is the status of HB5802?
- Introduced as of August 19, 2026. Latest action: Added Co-Sponsor Rep. Kyle Moore (August 19, 2026).
- Who sponsored HB5802?
- Dan Ugaste (R, 65), with 4 co-sponsors.
- Where is the official record for HB5802?
- On the Illinois Legislature website: https://www.ilga.gov/Legislation/BillStatus?DocNum=5802&GAID=18&DocTypeID=HB&SessionID=114
Source: official Illinois record. Tracked by Delilah, AI for legislation across all 50 states and Congress.